Edgestream Partners L.P. Increases Stock Holdings in The J. M. Smucker Company $SJM

Edgestream Partners L.P. grew its stake in The J. M. Smucker Company (NYSE:SJM) by 210.7% during the first quarter, HoldingsChannel reports. The firm owned 55,702 shares of the company’s stock after purchasing an additional 37,773 shares during the quarter. Edgestream Partners L.P.’s holdings in J. M. Smucker were worth $5,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. UBS Group AG grew its position in J. M. Smucker by 238.7% in the 4th quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after buying an additional 2,765,559 shares during the last quarter. Two Sigma Investments LP raised its position in J. M. Smucker by 6,854.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after buying an additional 1,505,991 shares during the last quarter. Norges Bank acquired a new stake in shares of J. M. Smucker in the 4th quarter worth $92,960,000. Dimensional Fund Advisors LP lifted its stake in shares of J. M. Smucker by 33.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock worth $331,807,000 after acquiring an additional 850,943 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of J. M. Smucker by 339.1% in the third quarter. AQR Capital Management LLC now owns 1,029,222 shares of the company’s stock valued at $111,156,000 after acquiring an additional 794,851 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 3,630 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer owned 38,699 shares in the company, valued at $4,297,523.95. This represents a 8.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeannette L. Knudsen sold 4,353 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $115.08, for a total value of $500,943.24. Following the completion of the transaction, the insider directly owned 16,835 shares of the company’s stock, valued at $1,937,371.80. The trade was a 20.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,533 shares of company stock valued at $2,132,914 in the last quarter. 2.80% of the stock is currently owned by corporate insiders.

J. M. Smucker Stock Performance

NYSE:SJM opened at $119.57 on Friday. The firm’s fifty day simple moving average is $111.89 and its 200-day simple moving average is $105.61. 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 stock has a market cap of $12.75 billion, a PE ratio of -91.98, a price-to-earnings-growth ratio of 1.71 and a beta of 0.26. The J. M. Smucker Company has a fifty-two week low of $88.25 and a fifty-two week high of $127.64.

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

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, August 14th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s payout ratio is -338.46%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Evercore reiterated an “outperform” rating and set a $125.00 price target on shares of J. M. Smucker in a research note on Thursday, July 23rd. BTIG Research set a $130.00 price objective on shares of J. M. Smucker in a research report on Wednesday, June 10th. Bank of America lifted their price objective on J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. TD Cowen boosted their target price on J. M. Smucker from $103.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, June 10th. Finally, Wells Fargo & Company set a $115.00 target price on J. M. Smucker in a research note on Wednesday, June 10th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and a consensus target price of $121.67.

J. M. Smucker 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.