Mitchell Sinkler & Starr PA Acquires 274 Shares of The J. M. Smucker Company $SJM

Mitchell Sinkler & Starr PA grew its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 6.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,234 shares of the company’s stock after buying an additional 274 shares during the period. Mitchell Sinkler & Starr PA’s holdings in J. M. Smucker were worth $416,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Merit Financial Group LLC purchased a new stake in shares of J. M. Smucker in the first quarter worth $203,000. Farther Finance Advisors LLC grew its stake in shares of J. M. Smucker by 113.5% in the first quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company’s stock worth $346,000 after acquiring an additional 1,554 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of J. M. Smucker by 9.3% in the first quarter. SG Americas Securities LLC now owns 27,651 shares of the company’s stock worth $3,274,000 after acquiring an additional 2,347 shares during the last quarter. CX Institutional purchased a new stake in shares of J. M. Smucker in the first quarter worth $222,000. Finally, Simon Quick Advisors LLC purchased a new stake in shares of J. M. Smucker in the first quarter worth $240,000. Institutional investors own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the firm’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 transaction, the chief financial officer directly owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. This trade represents a 24.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.24% of the company’s stock.

J. M. Smucker Trading Down 0.4%

Shares of NYSE:SJM opened at $104.74 on Friday. The stock has a market capitalization of $11.17 billion, a price-to-earnings ratio of -7.64, a PEG ratio of 7.23 and a beta of 0.25. 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’s 50-day simple moving average is $109.33 and its two-hundred day simple moving average is $109.29. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42.

J. M. Smucker (NYSE:SJM) last announced its earnings results 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 firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a yield of 4.2%. J. M. Smucker’s payout ratio is -32.09%.

Analysts Set New Price Targets

Several research firms recently commented on SJM. Zacks Research raised J. M. Smucker to a “hold” rating in a research report on Monday, August 11th. DA Davidson increased their price objective on J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. dropped their price objective on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating on the stock in a research report on Thursday, August 28th. BNP Paribas raised J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company increased their price objective on J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, J. M. Smucker has a consensus rating of “Moderate Buy” and an average price target of $118.00.

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.