The J. M. Smucker Company $SJM Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 165.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,117 shares of the company’s stock after acquiring an additional 29,373 shares during the period. Janus Henderson Group PLC’s holdings in J. M. Smucker were worth $4,545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in J. M. Smucker by 10.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock valued at $2,286,000 after purchasing an additional 1,763 shares during the last quarter. United Services Automobile Association purchased a new position in shares of J. M. Smucker during the first quarter worth $253,000. Empowered Funds LLC boosted its position in shares of J. M. Smucker by 28.6% during the first quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after buying an additional 2,889 shares during the period. Woodline Partners LP grew its stake in shares of J. M. Smucker by 40.7% in the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after buying an additional 2,600 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of J. M. Smucker by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock valued at $217,000 after buying an additional 138 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on SJM. Royal Bank Of Canada raised their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. BTIG Research set a $130.00 price target on shares of J. M. Smucker in a research report on Wednesday, June 10th. Wells Fargo & Company set a $115.00 price objective on shares of J. M. Smucker in a report on Wednesday, June 10th. UBS Group increased their target price on shares of J. M. Smucker from $121.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, Bank of America raised their price target on shares of J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $121.67.

Insider Transactions at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 5,550 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $116.29, for a total transaction of $645,409.50. Following the completion of the sale, the insider owned 16,039 shares in the company, valued at $1,865,175.31. The trade was a 25.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tucker H. Marshall sold 3,630 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total transaction of $403,111.50. Following the sale, the chief financial officer owned 38,699 shares of the company’s stock, valued at $4,297,523.95. This represents a 8.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 18,533 shares of company stock valued at $2,132,914. 2.80% of the stock is currently owned by corporate insiders.

J. M. Smucker Stock Down 0.2%

Shares of J. M. Smucker stock opened at $118.99 on Friday. 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 J. M. Smucker Company has a 52-week low of $88.25 and a 52-week high of $127.64. The company has a market capitalization of $12.69 billion, a P/E ratio of -91.53, a P/E/G ratio of 1.65 and a beta of 0.25. The company has a 50 day moving average of $113.12 and a 200 day moving average of $106.09.

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

J. M. Smucker Increases Dividend

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

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.