10,598 Shares in The J. M. Smucker Company $SJM Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co acquired a new stake in The J. M. Smucker Company (NYSE:SJM) during the second quarter, HoldingsChannel reports. The fund acquired 10,598 shares of the company’s stock, valued at approximately $1,041,000.

A number of other institutional investors have also recently bought and sold shares of the business. Tortoise Investment Management LLC raised 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 valued at $25,000 after acquiring an additional 100 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in shares of J. M. Smucker during the second quarter worth $25,000. AlphaQuest LLC acquired a new stake in shares of J. M. Smucker during the second quarter worth $26,000. Bank of Jackson Hole Trust increased its holdings in J. M. Smucker by 104.5% in the second quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock valued at $27,000 after purchasing an additional 140 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in J. M. Smucker in the first quarter valued at about $30,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Activity

In other news, CFO Tucker H. Marshall sold 11,139 shares of the business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total value of $1,204,237.29. Following the sale, the chief financial officer directly owned 33,864 shares in the company, valued at $3,661,037.04. The trade was a 24.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SJM. Wells Fargo & Company boosted their target price on J. M. Smucker from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Sanford C. Bernstein lifted their price objective on shares of J. M. Smucker from $110.00 to $113.00 and gave the stock a “market perform” rating in a research note on Wednesday. Bank of America decreased their price objective on shares of J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, August 28th. Stifel Nicolaus cut their target price on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Cfra Research raised shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and an average target price of $116.79.

J. M. Smucker Price Performance

NYSE SJM opened at $102.80 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The stock has a market cap of $10.97 billion, a price-to-earnings ratio of -7.50, a PEG ratio of 6.97 and a beta of 0.24. The business has a 50 day simple moving average of $105.57 and a 200 day simple moving average of $106.75. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $121.48.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.02). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the company earned $2.76 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 4.3%. J. M. Smucker’s dividend payout ratio (DPR) is currently -39.22%.

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.