Sei Investments Co. Has $9.39 Million Stock Position in The J. M. Smucker Company $SJM

Sei Investments Co. grew its position in The J. M. Smucker Company (NYSE:SJM) by 52.6% in the first quarter, Holdings Channel.com reports. The fund owned 97,300 shares of the company’s stock after buying an additional 33,532 shares during the period. Sei Investments Co.’s holdings in J. M. Smucker were worth $9,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of SJM. Garton & Associates Financial Advisors LLC bought a new stake in shares of J. M. Smucker during the fourth quarter valued at approximately $25,000. CYBER HORNET ETFs LLC bought a new position in J. M. Smucker in the second quarter worth $27,000. MCF Advisors LLC lifted its position in J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after purchasing an additional 126 shares during the period. MUFG Securities EMEA plc acquired a new stake in J. M. Smucker during the second quarter worth $31,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in J. M. Smucker during the fourth quarter worth $32,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 5,550 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $116.29, for a total value of $645,409.50. Following the transaction, the insider directly owned 16,039 shares in the company, valued at $1,865,175.31. The trade was a 25.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill R. Penrose sold 5,000 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the sale, the insider directly owned 15,795 shares in the company, valued at $1,843,118.55. This represents a 24.04% 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 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SJM. Barclays increased their price objective on shares of J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, June 11th. Royal Bank Of Canada lifted their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Wells Fargo & Company set a $115.00 target price on shares of J. M. Smucker in a research note on Wednesday, June 10th. Morgan Stanley increased their price target on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. Finally, UBS Group raised their price target 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. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.67.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $119.57 on Friday. 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 stock has a fifty day moving average price of $111.89 and a two-hundred day moving average price of $105.61. The J. M. Smucker Company has a 52-week low of $88.25 and a 52-week high of $127.64. The firm has a market capitalization of $12.75 billion, a P/E ratio of -91.98, a P/E/G ratio of 1.67 and a beta of 0.26.

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

J. M. Smucker Increases Dividend

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

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.