Kestra Advisory Services LLC Acquires 7,258 Shares of The J. M. Smucker Company $SJM

Kestra Advisory Services LLC boosted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 30.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,000 shares of the company’s stock after acquiring an additional 7,258 shares during the quarter. Kestra Advisory Services LLC’s holdings in J. M. Smucker were worth $2,990,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Staley Capital Advisers Inc. lifted its position in shares of J. M. Smucker by 17.2% during the first quarter. Staley Capital Advisers Inc. now owns 637,660 shares of the company’s stock worth $61,496,000 after purchasing an additional 93,808 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co bought a new position in shares of J. M. Smucker in the first quarter worth about $341,000. Stephens Inc. AR increased its stake in J. M. Smucker by 6.2% in the 1st quarter. Stephens Inc. AR now owns 3,491 shares of the company’s stock worth $337,000 after buying an additional 204 shares during the period. Raleigh Capital Management Inc. purchased a new position in J. M. Smucker in the 1st quarter worth about $255,000. Finally, Praxis Investment Management Inc. lifted its holdings in J. M. Smucker by 74.3% during the 1st quarter. Praxis Investment Management Inc. now owns 4,271 shares of the company’s stock valued at $412,000 after buying an additional 1,821 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 1.8%

NYSE:SJM opened at $111.95 on Friday. The J. M. Smucker Company has a 1-year low of $88.25 and a 1-year high of $119.39. The company has a 50-day moving average of $108.28 and a 200 day moving average of $104.08. The firm has a market cap of $11.94 billion, a PE ratio of -86.12, a price-to-earnings-growth ratio of 1.56 and a beta of 0.26. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the firm posted $2.31 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, research analysts anticipate that The J. M. Smucker Company will post 9.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $137.00 price objective on shares of J. M. Smucker in a research report on Wednesday, June 10th. Barclays raised their target price on shares of J. M. Smucker from $103.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 11th. Wells Fargo & Company set a $115.00 price target on shares of J. M. Smucker in a research note on Wednesday, June 10th. Weiss Ratings upgraded J. M. Smucker from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Finally, Bank of America increased their price objective on J. M. Smucker from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, J. M. Smucker has an average rating of “Hold” and an average target price of $121.13.

Insider Activity

In other J. M. Smucker news, CFO Tucker H. Marshall sold 3,630 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total transaction of $403,111.50. Following the completion of the sale, the chief financial officer owned 38,699 shares in the company, valued at $4,297,523.95. This represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill R. Penrose sold 5,000 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $116.69, for a total value of $583,450.00. Following the sale, the insider directly owned 15,795 shares in the company, valued at $1,843,118.55. This trade represents a 24.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 18,533 shares of company stock worth $2,132,914. Corporate 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.