The J. M. Smucker Company $SJM Shares Purchased by Royal Bank of Canada

Royal Bank of Canada lifted its holdings in The J. M. Smucker Company (NYSE:SJM) by 36.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,591 shares of the company’s stock after purchasing an additional 44,935 shares during the period. Royal Bank of Canada’s holdings in J. M. Smucker were worth $16,258,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC purchased a new position in J. M. Smucker during the fourth quarter worth approximately $25,000. CYBER HORNET ETFs LLC purchased a new stake in shares of J. M. Smucker in the second quarter valued at approximately $27,000. MCF Advisors LLC increased its position in shares of J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after buying an additional 126 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of J. M. Smucker during the 2nd quarter worth approximately $31,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of J. M. Smucker during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

In other news, 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 transaction, the chief financial officer directly owned 38,699 shares of the company’s stock, valued at approximately $4,297,523.95. This trade represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jill R. Penrose sold 5,000 shares of the business’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 transaction, the insider owned 15,795 shares in the company, valued at $1,843,118.55. The trade was a 24.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 18,533 shares of company stock valued at $2,132,914. Corporate insiders own 2.80% of the company’s stock.

J. M. Smucker Stock Down 0.2%

Shares of SJM opened at $118.99 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $127.64. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of -91.53, a PEG ratio of 1.65 and a beta of 0.25. The stock has a 50 day moving average price of $113.12 and a 200 day moving average price of $106.09.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share 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 for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the firm posted $2.31 EPS. The firm’s revenue for the quarter 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. Equities research analysts forecast that The J. M. Smucker Company will post 10.06 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, August 14th. J. M. Smucker’s dividend payout ratio (DPR) is currently -338.46%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SJM shares. Wall Street Zen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Royal Bank Of Canada upped their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Stifel Nicolaus decreased their price objective on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings raised shares of J. M. Smucker from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Finally, BNP Paribas Exane set a $125.00 price target on shares of J. M. Smucker in a research report on Thursday, April 9th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.