Weiss Asset Management LP Makes New Investment in The J. M. Smucker Company $SJM

Weiss Asset Management LP acquired a new stake in The J. M. Smucker Company (NYSE:SJM) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,140 shares of the company’s stock, valued at approximately $689,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SJM. UBS Group AG raised its stake in shares of J. M. Smucker by 238.7% during the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after acquiring an additional 2,765,559 shares during the last quarter. 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 valued at $165,937,000 after purchasing an additional 1,505,991 shares during the period. Norges Bank bought a new position in J. M. Smucker during the 4th quarter worth $92,960,000. Dimensional Fund Advisors LP lifted its holdings in 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 worth $331,807,000 after buying an additional 850,943 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of J. M. Smucker by 339.1% in the 3rd quarter. AQR Capital Management LLC now owns 1,029,222 shares of the company’s stock valued at $111,156,000 after buying an additional 794,851 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 3,630 shares of J. M. Smucker 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 completion of the sale, the chief financial officer owned 38,699 shares of the company’s stock, valued at $4,297,523.95. The trade was a 8.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeannette L. Knudsen sold 5,550 shares of the company’s 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 sale, the insider owned 16,039 shares of the company’s stock, valued at approximately $1,865,175.31. The trade was a 25.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,533 shares of company stock valued at $2,132,914 in the last quarter. Insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. BNP Paribas Exane set a $125.00 price objective on J. M. Smucker in a research note on Thursday, April 9th. Wells Fargo & Company set a $115.00 target price on shares of J. M. Smucker in a research note on Wednesday, June 10th. BTIG Research set a $130.00 price objective on J. M. Smucker in a research report on Wednesday, June 10th. JPMorgan Chase & Co. boosted their price objective on J. M. Smucker from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Finally, Wall Street Zen cut J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Saturday. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, J. M. Smucker currently has a consensus rating of “Hold” and a consensus price target of $121.67.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $121.43 on Tuesday. The stock’s 50 day moving average price is $110.23 and its 200-day moving average price is $104.96. 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 twelve month low of $88.25 and a twelve month high of $121.67. The company has a market capitalization of $12.95 billion, a PE ratio of -93.41, a PEG ratio of 1.65 and a beta of 0.26.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $2.26 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. 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. On average, equities analysts anticipate that The J. M. Smucker Company will post 9.95 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a $1.12 dividend. The ex-dividend date is Friday, August 14th. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s dividend payout ratio is currently -344.62%.

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.