NewEdge Advisors LLC Increases Stake in The J. M. Smucker Company $SJM

NewEdge Advisors LLC grew its position in The J. M. Smucker Company (NYSE:SJM) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 538,135 shares of the company’s stock after purchasing an additional 4,701 shares during the quarter. NewEdge Advisors LLC owned approximately 0.50% of J. M. Smucker worth $51,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Garton & Associates Financial Advisors LLC purchased a new stake in J. M. Smucker in the 4th quarter worth $25,000. CYBER HORNET ETFs LLC bought a new stake in J. M. Smucker during the second quarter valued at about $27,000. MCF Advisors LLC lifted 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 acquiring an additional 126 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of J. M. Smucker in the second quarter valued at about $31,000. Finally, Fideuram Asset Management Ireland dac bought a new position in shares of J. M. Smucker in the fourth quarter worth about $32,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Performance

Shares of NYSE:SJM opened at $118.99 on Friday. The firm has a fifty day simple moving average of $113.12 and a two-hundred day simple moving average of $106.09. The J. M. Smucker Company has a 52 week low of $88.25 and a 52 week high of $127.64. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $12.69 billion, a P/E ratio of -91.53, a PEG ratio of 1.65 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the company earned $2.31 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, analysts expect that The J. M. Smucker Company will post 10.06 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. This is a boost 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%.

Analyst Ratings Changes

SJM has been the subject of several research analyst reports. Royal Bank Of Canada increased their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. upped their price target on J. M. Smucker from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Stifel Nicolaus dropped their price target on J. M. Smucker from $120.00 to $100.00 and set a “hold” rating for the company in a research note on Tuesday, April 21st. TD Cowen increased their price objective on shares of J. M. Smucker from $103.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, June 10th. Finally, BTIG Research set a $130.00 price objective on shares of J. M. Smucker in a research report on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $121.67.

Insider Buying and Selling at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 4,353 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $115.08, for a total transaction of $500,943.24. Following the transaction, the insider owned 16,835 shares of the company’s stock, valued at approximately $1,937,371.80. The trade was a 20.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jill R. Penrose sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $116.69, for a total value of $583,450.00. Following the transaction, the insider directly owned 15,795 shares in the company, valued at approximately $1,843,118.55. This represents a 24.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,533 shares of company stock worth $2,132,914 over the last ninety days. Company insiders own 2.80% of the company’s stock.

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.