The J. M. Smucker Company $SJM Shares Purchased by Strs Ohio

Strs Ohio increased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 37.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,060 shares of the company’s stock after acquiring an additional 7,115 shares during the quarter. Strs Ohio’s holdings in J. M. Smucker were worth $2,559,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC increased its stake in shares of J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the period. Nova Wealth Management Inc. purchased a new stake in shares of J. M. Smucker during the 2nd quarter worth $25,000. AlphaQuest LLC acquired a new position in shares of J. M. Smucker during the 2nd quarter worth $26,000. Bank of Jackson Hole Trust increased its holdings in shares of J. M. Smucker by 104.5% in the 2nd 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 in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of J. M. Smucker in the 1st quarter valued at about $30,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Down 0.1%

Shares of NYSE SJM opened at $103.40 on Tuesday. The J. M. Smucker Company has a 12-month low of $93.30 and a 12-month high of $125.42. The company has a market capitalization of $11.03 billion, a PE ratio of -7.54, a price-to-earnings-growth ratio of 6.97 and a beta of 0.25. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. The firm’s 50-day moving average is $106.82 and its two-hundred day moving average is $107.85.

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

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, November 14th. J. M. Smucker’s dividend payout ratio is -32.09%.

Wall Street Analyst Weigh In

A number of research firms recently commented on SJM. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, October 8th. BNP Paribas raised shares of J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, July 9th. BNP Paribas Exane raised shares of J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a report on Wednesday, July 9th. UBS Group decreased their price objective on shares of J. M. Smucker from $130.00 to $121.00 and set a “buy” rating on the stock in a report on Thursday, August 28th. Finally, Morgan Stanley boosted their price objective on shares of J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, J. M. Smucker presently has an average rating of “Moderate Buy” and a consensus price target of $118.38.

Insider Activity

In related news, CFO Tucker H. Marshall sold 11,139 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the transaction, the chief financial officer owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.24% of the company’s stock.

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.