Rakuten Investment Management Inc. Makes New Investment in The J. M. Smucker Company $SJM

Rakuten Investment Management Inc. acquired a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 113,055 shares of the company’s stock, valued at approximately $12,278,000. Rakuten Investment Management Inc. owned 0.11% of J. M. Smucker as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in SJM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in J. M. Smucker by 10.0% during 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 buying an additional 1,763 shares during the period. United Services Automobile Association bought a new position in shares of J. M. Smucker during the first quarter valued at approximately $253,000. Empowered Funds LLC lifted its stake in J. M. Smucker by 28.6% in the first quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after acquiring an additional 2,889 shares during the period. Woodline Partners LP boosted its holdings in 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 acquiring an additional 2,600 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in J. M. Smucker by 16.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 18,575 shares of the company’s stock valued at $1,933,000 after acquiring an additional 2,589 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SJM shares. JPMorgan Chase & Co. dropped their target price on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Sanford C. Bernstein raised their price objective on shares of J. M. Smucker from $110.00 to $113.00 and gave the stock a “market perform” rating in a report on Wednesday, November 26th. Canaccord Genuity Group raised J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. Morgan Stanley reissued an “equal weight” rating and issued a $105.00 target price (down previously from $115.00) on shares of J. M. Smucker in a research report on Friday, January 16th. Finally, UBS Group lowered their target price on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and a consensus target price of $114.93.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $102.19 on Thursday. The company has a 50 day simple moving average of $101.15 and a two-hundred day simple moving average of $105.36. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $121.48. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of -9.11, a P/E/G ratio of 7.02 and a beta of 0.23. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.89.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.02). J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the company earned $2.76 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, February 13th. J. M. Smucker’s payout ratio is currently -39.22%.

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.