The J. M. Smucker Company $SJM Shares Purchased by ING Groep NV

ING Groep NV increased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 684.9% in the third quarter, HoldingsChannel reports. The firm owned 176,819 shares of the company’s stock after buying an additional 154,290 shares during the quarter. ING Groep NV’s holdings in J. M. Smucker were worth $19,203,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Rhumbline Advisers boosted its stake in shares of J. M. Smucker by 0.5% during the 3rd quarter. Rhumbline Advisers now owns 237,047 shares of the company’s stock worth $25,743,000 after acquiring an additional 1,076 shares in the last quarter. Advisors Asset Management Inc. increased its position in J. M. Smucker by 21.9% during the third quarter. Advisors Asset Management Inc. now owns 25,853 shares of the company’s stock worth $2,808,000 after buying an additional 4,647 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of J. M. Smucker in the 3rd quarter valued at approximately $417,000. Versor Investments LP acquired a new stake in shares of J. M. Smucker in the third quarter worth $244,000. Finally, Wesbanco Bank Inc. boosted its holdings in J. M. Smucker by 2.9% during the third quarter. Wesbanco Bank Inc. now owns 3,615 shares of the company’s stock valued at $393,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. TD Cowen dropped their target price on shares of J. M. Smucker from $111.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Stifel Nicolaus cut their price target on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lowered their price objective on J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Citigroup restated a “hold” rating on shares of J. M. Smucker in a research report on Wednesday, November 26th. Finally, UBS Group lowered their price target on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $114.93.

J. M. Smucker Price Performance

SJM opened at $110.96 on Thursday. The stock has a market cap of $11.84 billion, a P/E ratio of -9.89, a P/E/G ratio of 7.44 and a beta of 0.23. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $121.48. 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 fifty day simple moving average of $101.67 and a 200 day simple moving average of $105.34.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data 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 company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the firm posted $2.76 earnings per share. The company’s 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. On average, research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, February 13th. This represents a $4.40 annualized dividend and a yield of 4.0%. J. M. Smucker’s dividend payout ratio is presently -39.22%.

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.