Columbia Asset Management Raises Stock Position in The J. M. Smucker Company $SJM

Columbia Asset Management increased its stake in The J. M. Smucker Company (NYSE:SJM) by 32.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,995 shares of the company’s stock after acquiring an additional 738 shares during the quarter. Columbia Asset Management’s holdings in J. M. Smucker were worth $294,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SJM. Tortoise Investment Management LLC grew its holdings in shares of J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of J. M. Smucker during the first quarter worth $30,000. Nova Wealth Management Inc. purchased a new stake in shares of J. M. Smucker during the second quarter worth $25,000. Cooksen Wealth LLC purchased a new stake in shares of J. M. Smucker during the first quarter worth $33,000. Finally, National Pension Service grew its holdings in shares of J. M. Smucker by 74.9% during the first quarter. National Pension Service now owns 383 shares of the company’s stock worth $45,000 after buying an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of SJM opened at $108.67 on Wednesday. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42. The stock has a market cap of $11.59 billion, a PE ratio of -7.93, a P/E/G ratio of 7.42 and a beta of 0.27. The firm has a 50-day simple moving average of $109.65 and a two-hundred day simple moving average of $109.53. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, August 15th. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.08. J. M. Smucker’s dividend payout ratio is -32.09%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SJM. JPMorgan Chase & Co. dropped their target price on shares of J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating for the company in a report on Thursday, August 28th. BNP Paribas Exane raised shares of J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 target price for the company in a report on Wednesday, July 9th. Jefferies Financial Group raised shares of J. M. Smucker from a “hold” rating to a “buy” rating and dropped their target price for the stock from $118.00 to $115.00 in a report on Wednesday, June 11th. DA Davidson boosted their price target on shares of J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Finally, Citigroup lowered their price target on shares of J. M. Smucker from $128.00 to $118.00 and set a “buy” rating on the stock in a research report on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.