AMG National Trust Bank Purchases Shares of 39,760 The J. M. Smucker Company $SJM

AMG National Trust Bank purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJM) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 39,760 shares of the company’s stock, valued at approximately $3,834,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Garton & Associates Financial Advisors LLC acquired a new stake in J. M. Smucker in the 4th quarter valued at approximately $25,000. CYBER HORNET ETFs LLC acquired a new position in shares of J. M. Smucker during the second quarter valued at $27,000. MCF Advisors LLC raised its stake in shares of J. M. Smucker by 68.1% during the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after purchasing an additional 126 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of J. M. Smucker during the second quarter valued at about $31,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in J. M. Smucker in the fourth quarter worth about $32,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Down 1.5%

Shares of J. M. Smucker stock opened at $108.84 on Wednesday. The stock’s fifty day moving average is $107.49 and its 200-day moving average is $103.86. The firm has a market capitalization of $11.61 billion, a PE ratio of -83.73, a price-to-earnings-growth ratio of 1.54 and a beta of 0.26. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $119.39.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the business posted $2.31 earnings per share. J. M. Smucker’s 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. Equities analysts anticipate that The J. M. Smucker Company will post 9.95 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, May 15th. J. M. Smucker’s dividend payout ratio is -338.46%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Barclays increased their target price on shares of J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, June 11th. UBS Group boosted their target price on J. M. Smucker from $121.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $95.00 target price on shares of J. M. Smucker in a research report on Wednesday, May 20th. BNP Paribas Exane set a $125.00 price target on J. M. Smucker in a research note on Thursday, April 9th. Finally, Evercore assumed coverage on J. M. Smucker in a research note on Friday, May 15th. They set an “outperform” rating and a $117.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and an average price target of $121.13.

Insider Buying and Selling

In other news, insider Jeannette L. Knudsen sold 5,550 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $116.29, for a total value of $645,409.50. Following the completion of the sale, the insider owned 16,039 shares of the company’s stock, 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 SEC, which is available at this link. Also, CFO Tucker H. Marshall sold 3,630 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total value of $403,111.50. Following the completion of the sale, the chief financial officer directly owned 38,699 shares of the company’s stock, valued at approximately $4,297,523.95. This trade represents a 8.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 18,533 shares of company stock valued at $2,132,914. Company insiders own 2.80% of the company’s stock.

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.