ExodusPoint Capital Management LP Has $32.25 Million Position in The J. M. Smucker Company $SJM

ExodusPoint Capital Management LP increased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 23.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,731 shares of the company’s stock after buying an additional 62,819 shares during the quarter. ExodusPoint Capital Management LP’s holdings in J. M. Smucker were worth $32,251,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SJM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in J. M. Smucker by 10.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock worth $2,286,000 after buying an additional 1,763 shares in the last quarter. United Services Automobile Association acquired a new stake in J. M. Smucker during the first quarter worth approximately $253,000. Empowered Funds LLC grew its position in J. M. Smucker by 28.6% during the first quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after buying an additional 2,889 shares in the last quarter. Woodline Partners LP grew its position in J. M. Smucker by 40.7% during the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock worth $1,065,000 after buying an additional 2,600 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of J. M. Smucker by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock valued at $217,000 after purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada raised their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $95.00 target price on shares of J. M. Smucker in a report on Wednesday, May 20th. Morgan Stanley raised their target price on J. M. Smucker from $106.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th. Bank of America raised their target price on J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Weiss Ratings raised J. M. Smucker from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and an average price target of $121.13.

J. M. Smucker Stock Up 0.1%

Shares of SJM opened at $116.05 on Wednesday. The J. M. Smucker Company has a 52 week low of $88.25 and a 52 week high of $119.39. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of -89.27, a PEG ratio of 1.62 and a beta of 0.27. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78. The stock has a fifty day moving average of $100.44 and a 200-day moving average of $102.19.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.J. M. Smucker’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.95 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, May 15th. J. M. Smucker’s dividend payout ratio (DPR) is currently -338.46%.

Insider Transactions at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 5,550 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $116.29, for a total transaction of $645,409.50. Following the completion of the transaction, the insider directly owned 16,039 shares of the company’s stock, valued at $1,865,175.31. This trade represents a 25.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.24% of the stock is currently owned by corporate insiders.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.