The J. M. Smucker Company $SJM Shares Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP boosted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 306.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,886 shares of the company’s stock after purchasing an additional 64,766 shares during the quarter. Hudson Bay Capital Management LP owned approximately 0.08% of J. M. Smucker worth $8,434,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of J. M. Smucker during the second quarter worth about $112,829,000. Engineers Gate Manager LP purchased a new position in J. M. Smucker in the second quarter worth approximately $109,896,000. Balyasny Asset Management L.P. grew its holdings in J. M. Smucker by 45.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company’s stock worth $221,140,000 after acquiring an additional 703,382 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of J. M. Smucker by 4,906.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 613,910 shares of the company’s stock valued at $60,286,000 after purchasing an additional 601,647 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in shares of J. M. Smucker in the 1st quarter valued at $64,125,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Up 0.7%

J. M. Smucker stock opened at $101.58 on Monday. The company has a market capitalization of $10.84 billion, a P/E ratio of -9.05, a PEG ratio of 6.90 and a beta of 0.22. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.89. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $121.48. The stock has a 50-day simple moving average of $104.02 and a 200-day simple moving average of $105.83.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 EPS 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 firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period last year, the firm earned $2.76 EPS. The company’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. Equities research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. J. M. Smucker’s dividend payout ratio is currently -39.22%.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total value of $1,204,237.29. Following the transaction, the chief financial officer directly owned 33,864 shares in the company, valued at approximately $3,661,037.04. The trade was a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.24% of the company’s stock.

Analyst Ratings Changes

SJM has been the subject of a number of analyst reports. Barclays reiterated an “equal weight” rating and set a $105.00 target price on shares of J. M. Smucker in a research note on Friday, August 29th. Cfra Research raised J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, August 27th. Stifel Nicolaus cut their target price on 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. DA Davidson boosted their target price on J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Finally, Argus downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and a consensus price target of $116.79.

J. M. Smucker Company Profile

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.