Wedge Capital Management L L P NC Takes Position in The J. M. Smucker Company $SJM

Wedge Capital Management L L P NC bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 41,218 shares of the company’s stock, valued at approximately $4,476,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC acquired a new position in shares of J. M. Smucker in the 3rd quarter valued at $8,501,000. Czech National Bank boosted its stake in J. M. Smucker by 4.2% in the third quarter. Czech National Bank now owns 27,096 shares of the company’s stock valued at $2,943,000 after acquiring an additional 1,084 shares in the last quarter. Sage Capital Advisors llc boosted its stake in J. M. Smucker by 0.5% in the third quarter. Sage Capital Advisors llc now owns 68,785 shares of the company’s stock valued at $7,470,000 after acquiring an additional 315 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of J. M. Smucker by 811.0% during the third quarter. Assenagon Asset Management S.A. now owns 919,139 shares of the company’s stock worth $99,818,000 after purchasing an additional 818,245 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of J. M. Smucker during the third quarter worth about $2,522,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the topic of a number of research reports. DA Davidson raised their price target on J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. UBS Group reduced their price target on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Cfra Research upgraded shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, August 27th. Barclays reaffirmed an “equal weight” rating and issued a $105.00 target price on shares of J. M. Smucker in a report on Friday, August 29th. Finally, Morgan Stanley dropped their price target on J. M. Smucker from $118.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.79.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $99.06 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.89 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average price of $103.37 and a 200 day moving average price of $105.32. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $121.48. The company has a market cap of $10.57 billion, a P/E ratio of -8.83, a PEG ratio of 6.71 and a beta of 0.22.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.02). J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the business earned $2.76 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a $1.10 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 4.4%. J. M. Smucker’s dividend payout ratio (DPR) is -39.22%.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 11,139 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. The trade was a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.24% of the stock is owned by company insiders.

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.