Advisors Capital Management LLC Grows Stock Holdings in The J. M. Smucker Company $SJM

Advisors Capital Management LLC raised its position in The J. M. Smucker Company (NYSE:SJM) by 4.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 283,090 shares of the company’s stock after acquiring an additional 12,699 shares during the quarter. Advisors Capital Management LLC’s holdings in J. M. Smucker were worth $30,744,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Ashton Thomas Private Wealth LLC increased its stake in J. M. Smucker by 150.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 57,999 shares of the company’s stock valued at $6,299,000 after purchasing an additional 34,800 shares during the last quarter. ProShare Advisors LLC increased its stake in J. M. Smucker by 13.8% in the third quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company’s stock valued at $169,661,000 after purchasing an additional 188,868 shares during the period. Ethic Inc. raised its stake in J. M. Smucker by 28.8% during the 3rd quarter. Ethic Inc. now owns 54,860 shares of the company’s stock valued at $5,958,000 after acquiring an additional 12,279 shares during the last quarter. Thompson Investment Management Inc. acquired a new stake in shares of J. M. Smucker during the third quarter worth $5,464,000. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of J. M. Smucker in the 3rd quarter worth $12,278,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on SJM shares. Stifel Nicolaus decreased their price target on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. UBS Group dropped their price objective on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Sanford C. Bernstein boosted their target price on shares of J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, November 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, January 21st. Finally, Citigroup reiterated a “hold” rating on shares of J. M. Smucker in a report on Wednesday, November 26th. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, J. M. Smucker currently has a consensus rating of “Hold” and a consensus target price of $114.93.

J. M. Smucker Price Performance

SJM opened at $106.26 on Wednesday. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $121.48. The company has a 50 day moving average of $102.44 and a two-hundred day moving average of $105.33. The company has a market cap of $11.34 billion, a P/E ratio of -9.47, a P/E/G ratio of 7.52 and a beta of 0.23. The company has a quick ratio of 0.37, a current ratio of 0.89 and a debt-to-equity ratio of 1.16.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.02). J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the firm posted $2.76 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. On average, 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be paid a $1.10 dividend. The ex-dividend date is Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.1%. J. M. Smucker’s dividend payout ratio (DPR) is -39.22%.

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.