The J. M. Smucker Company $SJM Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 15.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,920,718 shares of the company’s stock after purchasing an additional 528,418 shares during the quarter. Dimensional Fund Advisors LP’s holdings in J. M. Smucker were worth $378,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS Group AG raised its holdings in J. M. Smucker by 238.7% during the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock worth $383,834,000 after purchasing an additional 2,765,559 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of J. M. Smucker by 5.8% during the fourth quarter. Invesco Ltd. now owns 2,783,272 shares of the company’s stock valued at $272,232,000 after purchasing an additional 151,872 shares during the last quarter. Morgan Stanley lifted its stake in J. M. Smucker by 16.8% during the fourth quarter. Morgan Stanley now owns 2,486,596 shares of the company’s stock valued at $243,214,000 after buying an additional 357,253 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of J. M. Smucker by 6,854.4% in the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after acquiring an additional 1,505,991 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC lifted its holdings in shares of J. M. Smucker by 26.1% in the fourth quarter. Capitolis Liquid Global Markets LLC now owns 1,311,000 shares of the company’s stock valued at $128,229,000 after purchasing an additional 271,000 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other J. M. Smucker news, insider Jill R. Penrose sold 5,000 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $116.69, for a total value of $583,450.00. Following the transaction, the insider directly owned 15,795 shares in the company, valued at approximately $1,843,118.55. This trade represents a 24.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tucker H. Marshall sold 3,630 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were 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 owned 38,699 shares in the company, valued at approximately $4,297,523.95. This represents a 8.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,533 shares of company stock worth $2,132,914 in the last 90 days. Corporate insiders own 2.80% of the company’s stock.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $115.63 on Wednesday. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $119.39. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33. The business has a 50 day simple moving average of $108.86 and a 200 day simple moving average of $104.34. The company has a market capitalization of $12.33 billion, a PE ratio of -88.95, a price-to-earnings-growth ratio of 1.57 and a beta of 0.26.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.13. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates 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 firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, sell-side analysts forecast that The J. M. Smucker Company will post 9.95 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a $1.12 dividend. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.10. This represents a $4.48 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, August 14th. J. M. Smucker’s payout ratio is presently -344.62%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Bank of America increased their price target on shares of J. M. Smucker from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Barclays boosted their price target on J. M. Smucker from $103.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 11th. UBS Group boosted their price objective on shares of J. M. Smucker from $121.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Sanford C. Bernstein restated an “outperform” rating and set a $137.00 target price on shares of J. M. Smucker in a research note on Wednesday, June 10th. Finally, BNP Paribas Exane set a $125.00 price target on shares of J. M. Smucker in a report on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, J. M. Smucker currently has a consensus rating of “Hold” and a consensus price target of $121.13.

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.