Wellington Shields Capital Management LLC Invests $74,000 in The J. M. Smucker Company $SJM

Wellington Shields Capital Management LLC bought a new position in The J. M. Smucker Company (NYSE:SJM) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 756 shares of the company’s stock, valued at approximately $74,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in J. M. Smucker by 5.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 815,412 shares of the company’s stock valued at $96,553,000 after acquiring an additional 41,249 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in J. M. Smucker by 283.2% in the first quarter. Integrated Wealth Concepts LLC now owns 7,481 shares of the company’s stock valued at $886,000 after acquiring an additional 5,529 shares during the last quarter. Swedbank AB boosted its stake in J. M. Smucker by 7.9% in the second quarter. Swedbank AB now owns 147,812 shares of the company’s stock valued at $14,515,000 after acquiring an additional 10,813 shares during the last quarter. Clark & Stuart Inc lifted its stake in shares of J. M. Smucker by 3.6% during the 2nd quarter. Clark & Stuart Inc now owns 75,035 shares of the company’s stock valued at $7,368,000 after buying an additional 2,601 shares in the last quarter. Finally, Costello Asset Management INC purchased a new stake in shares of J. M. Smucker during the 1st quarter valued at approximately $50,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SJM. Stifel Nicolaus increased their target price on J. M. Smucker from $110.00 to $115.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Zacks Research upgraded J. M. Smucker to a “hold” rating in a research report on Monday, August 11th. Morgan Stanley increased their target price on J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. BNP Paribas Exane upgraded J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 target price on the stock in a research report on Wednesday, July 9th. Finally, DA Davidson increased their target price on J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.38.

J. M. Smucker Stock Performance

NYSE SJM opened at $103.40 on Tuesday. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. The stock has a market capitalization of $11.03 billion, a PE ratio of -7.54, a P/E/G ratio of 6.97 and a beta of 0.25. The company’s 50 day simple moving average is $106.82 and its two-hundred day simple moving average is $107.85.

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

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 4.3%. J. M. Smucker’s dividend payout ratio (DPR) is -32.09%.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the sale, the chief financial officer owned 33,864 shares in the company, valued at approximately $3,661,037.04. This trade represents a 24.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.24% of the company’s stock.

J. M. Smucker Company Profile

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.