The J. M. Smucker Company $SJM Shares Acquired by Tobam

Tobam boosted its position in The J. M. Smucker Company (NYSE:SJM) by 537.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,238 shares of the company’s stock after buying an additional 8,631 shares during the quarter. Tobam’s holdings in J. M. Smucker were worth $1,112,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SJM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 worth $2,286,000 after acquiring an additional 1,763 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of J. M. Smucker during the 1st quarter worth approximately $253,000. Empowered Funds LLC increased its position 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 buying an additional 2,889 shares during the period. Woodline Partners LP lifted its position in J. M. Smucker by 40.7% in the 1st quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of J. M. Smucker by 2.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,642 shares of the company’s stock valued at $1,143,000 after buying an additional 264 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Down 0.4%

Shares of NYSE:SJM opened at $110.54 on Monday. The firm has a fifty day moving average of $102.11 and a two-hundred day moving average of $105.32. The company has a quick ratio of 0.37, a current ratio of 0.89 and a debt-to-equity ratio of 1.16. The J. M. Smucker Company has a 12-month low of $93.30 and a 12-month high of $121.48. The firm has a market capitalization of $11.79 billion, a P/E ratio of -9.85, a price-to-earnings-growth ratio of 7.52 and a beta of 0.23.

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

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.0%. J. M. Smucker’s dividend payout ratio (DPR) is -39.22%.

Analyst Ratings Changes

SJM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Stifel Nicolaus decreased their price target on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. TD Cowen cut their price objective on J. M. Smucker from $111.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Sanford C. Bernstein lifted their target price on J. M. Smucker from $110.00 to $113.00 and gave the stock a “market perform” rating in a report on Wednesday, November 26th. Finally, UBS Group cut their price target on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $114.93.

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.