Sterling Capital Management LLC Has $2.35 Million Stake in The J. M. Smucker Company $SJM

Sterling Capital Management LLC boosted its position in The J. M. Smucker Company (NYSE:SJM) by 295.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 24,319 shares of the company’s stock after purchasing an additional 18,175 shares during the period. Sterling Capital Management LLC’s holdings in J. M. Smucker were worth $2,345,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. UBS Group AG raised its position in shares of J. M. Smucker by 238.7% in the 4th quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock worth $383,834,000 after acquiring an additional 2,765,559 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of J. M. Smucker by 33.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock valued at $331,807,000 after purchasing an additional 850,943 shares in the last quarter. Invesco Ltd. grew its stake in J. M. Smucker by 5.8% during the fourth quarter. Invesco Ltd. now owns 2,783,272 shares of the company’s stock worth $272,232,000 after purchasing an additional 151,872 shares during the period. Morgan Stanley grew its stake in J. M. Smucker by 16.8% during the fourth quarter. Morgan Stanley now owns 2,486,596 shares of the company’s stock worth $243,214,000 after purchasing an additional 357,253 shares during the period. Finally, Two Sigma Investments LP increased its holdings in J. M. Smucker by 6,854.4% in the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after purchasing an additional 1,505,991 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on SJM. Wells Fargo & Company set a $115.00 price target on J. M. Smucker in a research note on Wednesday, June 10th. Barclays lifted their price objective on shares of J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, June 11th. Bank of America boosted their target price on shares of J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Wall Street Zen raised shares of J. M. Smucker from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Evercore assumed coverage on shares of J. M. Smucker in a research note on Friday, May 15th. They issued an “outperform” rating and a $117.00 price target for the company. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, J. M. Smucker currently has an average rating of “Hold” and a consensus price target of $121.13.

Insider Transactions at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 5,550 shares of J. M. Smucker stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $116.29, for a total transaction of $645,409.50. Following the completion of the transaction, the insider directly owned 16,039 shares in the company, valued at $1,865,175.31. This trade represents a 25.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tucker H. Marshall sold 3,630 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total transaction of $403,111.50. Following the sale, the chief financial officer directly owned 38,699 shares of the company’s stock, valued at approximately $4,297,523.95. The trade was a 8.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.24% of the stock is owned by company insiders.

J. M. Smucker Trading Down 0.1%

NYSE SJM opened at $115.55 on Monday. The company has a market cap of $12.32 billion, a price-to-earnings ratio of -88.88, a P/E/G ratio of 1.61 and a beta of 0.27. The J. M. Smucker Company has a 52 week low of $88.25 and a 52 week high of $119.39. The business has a 50 day moving average price of $103.45 and a 200-day moving average price of $102.76. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the business earned $2.31 EPS. J. M. Smucker’s quarterly revenue was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, equities analysts expect that The J. M. Smucker Company will post 9.96 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, May 15th. J. M. Smucker’s dividend payout ratio (DPR) is -338.46%.

J. M. Smucker 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.