MQS Management LLC Takes $507,000 Position in The J. M. Smucker Company $SJM

MQS Management LLC bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,253 shares of the company’s stock, valued at approximately $507,000.

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC boosted its position in J. M. Smucker by 10.2% during the fourth quarter. Golden State Wealth Management LLC now owns 991 shares of the company’s stock worth $97,000 after purchasing an additional 92 shares during the period. Colonial Trust Advisors raised its position in shares of J. M. Smucker by 7.8% in the fourth quarter. Colonial Trust Advisors now owns 1,303 shares of the company’s stock valued at $127,000 after purchasing an additional 94 shares during the period. Harbour Investments Inc. lifted its stake in shares of J. M. Smucker by 2.1% during the 4th quarter. Harbour Investments Inc. now owns 4,652 shares of the company’s stock worth $455,000 after buying an additional 97 shares during the last quarter. Delta Asset Management LLC TN lifted its stake in shares of J. M. Smucker by 7.8% during the 4th quarter. Delta Asset Management LLC TN now owns 1,378 shares of the company’s stock worth $135,000 after buying an additional 100 shares during the last quarter. Finally, New Mexico Educational Retirement Board boosted its holdings in shares of J. M. Smucker by 2.1% during the 4th quarter. New Mexico Educational Retirement Board now owns 4,922 shares of the company’s stock worth $481,000 after buying an additional 100 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $112.63 on Wednesday. The J. M. Smucker Company has a twelve month low of $88.25 and a twelve month high of $119.39. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15. The company has a 50-day simple moving average of $104.23 and a two-hundred day simple moving average of $102.96. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of -86.64, a price-to-earnings-growth ratio of 1.62 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the business posted $2.31 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Analysts forecast that The J. M. Smucker Company will post 9.96 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 3.9%. J. M. Smucker’s dividend payout ratio is currently -338.46%.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 3,630 shares of J. M. Smucker stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total value of $403,111.50. Following the completion of the transaction, the chief financial officer directly owned 38,699 shares of the company’s stock, valued at $4,297,523.95. The trade was a 8.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeannette L. Knudsen sold 5,550 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $116.29, for a total value of $645,409.50. Following the sale, the insider owned 16,039 shares of the company’s stock, valued at approximately $1,865,175.31. The trade was a 25.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,533 shares of company stock worth $2,132,914 in the last 90 days. Company insiders own 2.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SJM shares. Evercore assumed coverage on shares of J. M. Smucker in a report on Friday, May 15th. They issued an “outperform” rating and a $117.00 price target on the stock. Weiss Ratings upgraded J. M. Smucker from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Wells Fargo & Company set a $115.00 target price on J. M. Smucker in a research report on Wednesday, June 10th. Stifel Nicolaus lowered their target price on J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a research note on Tuesday, April 21st. Finally, UBS Group lifted their price target on J. M. Smucker from $121.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $121.13.

About J. M. Smucker

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.