Gamco Investors INC. ET AL Sells 5,632 Shares of The J. M. Smucker Company $SJM

Gamco Investors INC. ET AL cut its position in The J. M. Smucker Company (NYSE:SJM) by 3.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 140,556 shares of the company’s stock after selling 5,632 shares during the quarter. Gamco Investors INC. ET AL’s holdings in J. M. Smucker were worth $13,555,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SJM. Modern Wealth Management LLC grew its holdings in J. M. Smucker by 33.0% during the first quarter. Modern Wealth Management LLC now owns 3,948 shares of the company’s stock valued at $377,000 after purchasing an additional 980 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in J. M. Smucker by 972.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 166,221 shares of the company’s stock worth $16,030,000 after purchasing an additional 150,725 shares during the period. Caxton Associates LLP acquired a new stake in J. M. Smucker in the first quarter worth $271,000. Bank of Nova Scotia boosted its position in shares of J. M. Smucker by 2,317.8% during the first quarter. Bank of Nova Scotia now owns 404,328 shares of the company’s stock worth $38,993,000 after purchasing an additional 387,605 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of J. M. Smucker by 52.6% in the 1st quarter. Sei Investments Co. now owns 97,300 shares of the company’s stock valued at $9,388,000 after buying an additional 33,532 shares during the period. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Trading Up 2.2%

Shares of NYSE:SJM opened at $118.31 on Friday. The J. M. Smucker Company has a 12 month low of $88.25 and a 12 month high of $119.39. 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 company’s fifty day simple moving average is $109.88 and its 200 day simple moving average is $104.71. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of -91.01, a PEG ratio of 1.65 and a beta of 0.26.

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

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, August 14th. J. M. Smucker’s dividend payout ratio is presently -338.46%.

Insider Activity

In related news, insider Jill R. Penrose sold 5,000 shares of J. M. Smucker stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $116.69, for a total value of $583,450.00. Following the sale, the insider owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. This trade represents a 24.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Tucker H. Marshall sold 3,630 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were 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 owned 38,699 shares in the company, valued at $4,297,523.95. The trade was a 8.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,533 shares of company stock worth $2,132,914 over the last three months. Corporate insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

SJM has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on shares of J. M. Smucker from $103.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, June 10th. Sanford C. Bernstein reiterated an “outperform” rating and set a $137.00 target price on shares of J. M. Smucker in a report on Wednesday, June 10th. Royal Bank Of Canada boosted their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Wells Fargo & Company set a $115.00 price target on J. M. Smucker in a report on Wednesday, June 10th. Finally, BTIG Research set a $130.00 price target on J. M. Smucker in a research report on Wednesday, June 10th. Nine 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.com, the company has an average rating of “Hold” and an average price target of $121.67.

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.