Mattson Financial Services LLC Buys Shares of 9,514 The J. M. Smucker Company $SJM

Mattson Financial Services LLC bought a new position in The J. M. Smucker Company (NYSE:SJM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,514 shares of the company’s stock, valued at approximately $1,033,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in J. M. Smucker in the second quarter valued at about $112,829,000. Engineers Gate Manager LP bought a new stake in shares of J. M. Smucker in the 2nd quarter valued at approximately $109,896,000. Assenagon Asset Management S.A. raised 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 period. Balyasny Asset Management L.P. raised its position in shares of J. M. Smucker by 45.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company’s stock worth $221,140,000 after purchasing an additional 703,382 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of J. M. Smucker by 4,906.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 613,910 shares of the company’s stock valued at $60,286,000 after acquiring an additional 601,647 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Trading Up 0.5%

J. M. Smucker stock opened at $99.73 on Monday. The business has a 50 day moving average price of $102.99 and a two-hundred day moving average price of $105.20. 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 J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $121.48. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of -8.89, a price-to-earnings-growth ratio of 6.77 and a beta of 0.22.

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

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, November 14th. J. M. Smucker’s payout ratio is presently -39.22%.

Insider Buying and Selling at J. M. Smucker

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SJM shares. JPMorgan Chase & Co. cut their target price on J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Argus lowered J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Friday, September 12th. Stifel Nicolaus cut their price objective on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. Finally, UBS Group reduced their price objective on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research note 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 given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $116.79.

About J. M. Smucker

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.