Gabelli Funds LLC Increases Stock Holdings in The J. M. Smucker Company $SJM

Gabelli Funds LLC lifted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 3.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 135,850 shares of the company’s stock after acquiring an additional 4,800 shares during the period. Gabelli Funds LLC owned approximately 0.13% of J. M. Smucker worth $15,283,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. UBS Group AG grew its holdings in shares of J. M. Smucker by 238.7% during the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after buying an additional 2,765,559 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in J. M. Smucker by 15.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,920,718 shares of the company’s stock worth $378,102,000 after acquiring an additional 528,418 shares during the last quarter. Invesco Ltd. raised its stake in J. M. Smucker by 5.8% in the 4th quarter. Invesco Ltd. now owns 2,783,272 shares of the company’s stock worth $272,232,000 after acquiring an additional 151,872 shares during the last quarter. Morgan Stanley lifted its position in J. M. Smucker by 16.8% during the 4th quarter. Morgan Stanley now owns 2,486,596 shares of the company’s stock worth $243,214,000 after acquiring an additional 357,253 shares during the period. Finally, Two Sigma Investments LP lifted its position in J. M. Smucker by 6,854.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after acquiring an additional 1,505,991 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 5,000 shares of J. M. Smucker stock in a transaction on Monday, June 29th. The stock was sold at an average price of $116.69, for a total value of $583,450.00. Following the sale, the insider owned 15,795 shares in the company, valued at $1,843,118.55. The trade was a 24.04% 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, insider Jeannette L. Knudsen sold 4,353 shares of J. M. Smucker stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $115.08, for a total transaction of $500,943.24. Following the sale, the insider owned 16,835 shares of the company’s stock, valued at approximately $1,937,371.80. This represents a 20.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 18,533 shares of company stock worth $2,132,914. Insiders own 2.80% of the company’s stock.

J. M. Smucker Price Performance

NYSE:SJM opened at $124.10 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 stock’s 50-day moving average price is $116.11 and its 200-day moving average price is $107.38. The stock has a market capitalization of $13.24 billion, a PE ratio of -95.46, a price-to-earnings-growth ratio of 1.68 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 for the quarter, topping the consensus estimate of $2.64 by $0.13. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, equities analysts expect that The J. M. Smucker Company will post 9.98 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, August 14th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s payout ratio is currently -344.62%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SJM shares. Wells Fargo & Company set a $115.00 target price on J. M. Smucker in a report on Wednesday, June 10th. UBS Group increased their price target on shares of J. M. Smucker from $130.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings raised shares of J. M. Smucker from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Jefferies Financial Group lifted their price objective on shares of J. M. Smucker from $129.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $107.00 price objective on shares of J. M. Smucker in a report on Friday, August 14th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.53.

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.