Paradigm Asset Management Co. LLC Buys New Shares in The J. M. Smucker Company $SJM

Paradigm Asset Management Co. LLC bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,700 shares of the company’s stock, valued at approximately $1,051,000.

Other large investors have also made changes to their positions in the company. Teacher Retirement System of Texas purchased a new stake in J. M. Smucker in the first quarter valued at $1,842,000. Envestnet Asset Management Inc. lifted its holdings in shares of J. M. Smucker by 57.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 44,810 shares of the company’s stock valued at $5,306,000 after buying an additional 16,312 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of J. M. Smucker in the first quarter worth about $239,000. DekaBank Deutsche Girozentrale grew its holdings in J. M. Smucker by 71.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 56,002 shares of the company’s stock worth $6,449,000 after acquiring an additional 23,398 shares during the period. Finally, Cerity Partners LLC grew its holdings in J. M. Smucker by 15.5% during the first quarter. Cerity Partners LLC now owns 117,772 shares of the company’s stock worth $13,945,000 after acquiring an additional 15,824 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the completion of the sale, the chief financial officer owned 33,864 shares of the company’s stock, valued at $3,661,037.04. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays reaffirmed an “equal weight” rating and set a $105.00 price objective on shares of J. M. Smucker in a research note on Friday, August 29th. JPMorgan Chase & Co. lowered their target price on shares of J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating on the stock in a research note on Thursday, August 28th. Wells Fargo & Company lifted their price target on J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Morgan Stanley upped their price target on J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Finally, DA Davidson raised their price objective on J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.38.

J. M. Smucker Stock Performance

Shares of NYSE:SJM opened at $107.03 on Friday. 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 J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The firm has a market capitalization of $11.42 billion, a PE ratio of -7.81, a P/E/G ratio of 6.97 and a beta of 0.24. The business’s 50 day moving average price is $106.57 and its 200-day moving average price is $107.66.

J. M. Smucker (NYSE:SJM) last announced 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). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. 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 previous year, the business posted $2.44 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently declared 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. This represents a $4.40 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, November 14th. J. M. Smucker’s payout ratio is presently -32.09%.

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.