LSV Asset Management Increases Stock Holdings in The J. M. Smucker Company $SJM

LSV Asset Management increased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,391,770 shares of the company’s stock after purchasing an additional 12,450 shares during the period. LSV Asset Management owned 1.31% of J. M. Smucker worth $136,672,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SJM. Tortoise Investment Management LLC increased its position in shares of J. M. Smucker by 87.0% during the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in J. M. Smucker during the first quarter worth about $30,000. Nova Wealth Management Inc. acquired a new stake in shares of J. M. Smucker during the second quarter valued at about $25,000. AlphaQuest LLC purchased a new stake in shares of J. M. Smucker in the 2nd quarter valued at approximately $26,000. Finally, Bank of Jackson Hole Trust raised its stake in shares of J. M. Smucker by 104.5% in the 2nd quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock valued at $27,000 after acquiring an additional 140 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of SJM opened at $109.02 on Monday. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of -7.95, a price-to-earnings-growth ratio of 6.97 and a beta of 0.24. 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 quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. The stock has a 50 day moving average price of $106.34 and a 200 day moving average price of $107.30.

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

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 4.0%. J. M. Smucker’s dividend payout ratio is presently -32.09%.

Analyst Ratings Changes

Several research firms recently weighed in on SJM. UBS Group dropped their target price on shares of J. M. Smucker from $130.00 to $121.00 and set a “buy” rating for the company in a report on Thursday, August 28th. Bank of America dropped their price objective on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, August 28th. Stifel Nicolaus increased their target price on J. M. Smucker from $110.00 to $115.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Barclays reiterated an “equal weight” rating and set a $105.00 price target on shares of J. M. Smucker in a research note on Friday, August 29th. Finally, Morgan Stanley lifted their price objective on shares of J. M. Smucker from $115.00 to $118.00 and gave the company an “overweight” rating in a report on Monday, August 18th. 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 given a Sell rating to the stock. According to MarketBeat.com, J. M. Smucker presently has an average rating of “Moderate Buy” and an average price target of $118.38.

Insider Activity at J. M. Smucker

In other 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 transaction, the chief financial officer directly owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.24% of the company’s stock.

J. M. Smucker Profile

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.