Collaborative Fund Advisors LLC Makes New Investment in The J. M. Smucker Company $SJM

Collaborative Fund Advisors LLC acquired a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 4,229 shares of the company’s stock, valued at approximately $503,000.

A number of other hedge funds have also recently modified their holdings of SJM. Dimensional Fund Advisors LP grew its position in shares of J. M. Smucker by 15.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,920,718 shares of the company’s stock worth $378,102,000 after buying an additional 528,418 shares during the period. Bank of New York Mellon Corp bought a new position in shares of J. M. Smucker in the 2nd quarter worth about $103,113,000. Bank of America Corp DE increased its stake in shares of J. M. Smucker by 5.9% in the 1st quarter. Bank of America Corp DE now owns 767,336 shares of the company’s stock worth $74,002,000 after acquiring an additional 43,043 shares in the last quarter. Bessemer Group Inc. lifted its position in J. M. Smucker by 22,662.1% during the 1st quarter. Bessemer Group Inc. now owns 726,112 shares of the company’s stock valued at $70,025,000 after acquiring an additional 722,922 shares during the period. Finally, First Trust Advisors LP lifted its position in J. M. Smucker by 16.6% during the 1st quarter. First Trust Advisors LP now owns 657,159 shares of the company’s stock valued at $63,376,000 after acquiring an additional 93,657 shares during the period. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Up 3.4%

J. M. Smucker stock opened at $132.38 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.87 and a quick ratio of 0.35. The stock has a market capitalization of $14.14 billion, a PE ratio of 61.86, a price-to-earnings-growth ratio of 1.72 and a beta of 0.26. The business’s fifty day moving average is $124.54 and its 200 day moving average is $111.65. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $135.89.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Wednesday, August 26th. The company reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $1.02. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.13 billion. J. M. Smucker had a net margin of 2.51% and a return on equity of 19.85%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.90 EPS. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. On average, sell-side analysts predict that The J. M. Smucker Company will post 10.71 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, November 13th. J. M. Smucker’s dividend payout ratio is 209.35%.

Analysts Set New Price Targets

Several research firms recently weighed in on SJM. Wall Street Zen upgraded J. M. Smucker from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Sanford C. Bernstein lifted their price objective on J. M. Smucker from $157.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. TD Cowen boosted their target price on J. M. Smucker from $123.00 to $136.00 and gave the stock a “hold” rating in a report on Thursday, August 27th. Royal Bank Of Canada increased their target price on J. M. Smucker from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Finally, Barclays reduced their price target on J. M. Smucker from $145.00 to $137.00 and set an “equal weight” rating for the company in a report on Friday, October 16th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.00.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, insider Robert D. Ferguson sold 2,522 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $132.41, for a total value of $333,938.02. Following the transaction, the insider directly owned 36,295 shares in the company, valued at approximately $4,805,820.95. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tucker H. Marshall sold 18,482 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $132.05, for a total transaction of $2,440,548.10. Following the sale, the chief financial officer directly owned 38,699 shares of the company’s stock, valued at approximately $5,110,202.95. The trade was a 32.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.80% of the stock is owned by corporate insiders.

About J. M. Smucker

The J. M. Smucker Company, founded in 1897 by Jerome Monroe Smucker in Orrville, Ohio, is a food and beverage company serving consumers primarily in the United States and Canada. The company sells branded products through grocery retailers, club stores, e-commerce channels, foodservice distributors and other outlets.

Its portfolio includes coffee brands such as Folgers, Dunkin’ and Café Bustelo; fruit spreads and toppings sold under the Smucker’s name; and peanut butter and related products under the Jif brand.