Journey Advisory Group LLC Has $210,000 Stock Position in The J. M. Smucker Company $SJM

Journey Advisory Group LLC boosted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 13.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,143 shares of the company’s stock after buying an additional 261 shares during the period. Journey Advisory Group LLC’s holdings in J. M. Smucker were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. State of Alaska Department of Revenue increased its position in J. M. Smucker by 1.6% in the 1st quarter. State of Alaska Department of Revenue now owns 20,968 shares of the company’s stock worth $2,482,000 after purchasing an additional 335 shares during the last quarter. Palumbo Wealth Management LLC increased its position in J. M. Smucker by 68.2% in the 1st quarter. Palumbo Wealth Management LLC now owns 19,210 shares of the company’s stock worth $2,275,000 after purchasing an additional 7,790 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in J. M. Smucker in the 1st quarter worth about $201,000. AssuredPartners Investment Advisors LLC increased its position in J. M. Smucker by 2.6% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 5,208 shares of the company’s stock worth $617,000 after purchasing an additional 133 shares during the last quarter. Finally, Edmp Inc. increased its position in J. M. Smucker by 13.0% in the 1st quarter. Edmp Inc. now owns 12,098 shares of the company’s stock worth $1,433,000 after purchasing an additional 1,395 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the completion of the sale, the chief financial officer owned 33,864 shares in the company, valued at $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on SJM. BNP Paribas raised J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, July 9th. Bank of America dropped their target price on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, August 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. Morgan Stanley upped their price target on J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Finally, Zacks Research upgraded J. M. Smucker to a “hold” rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $118.00.

J. M. Smucker Stock Performance

SJM opened at $105.37 on Tuesday. The stock has a 50-day moving average of $108.54 and a 200-day moving average of $108.67. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. The company has a market cap of $11.24 billion, a PE ratio of -7.69, a price-to-earnings-growth ratio of 7.26 and a beta of 0.25. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.05). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the company earned $2.44 EPS. J. M. Smucker’s revenue for the quarter was down .6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities research analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.