Bessemer Group Inc. Has $70.03 Million Stake in The J. M. Smucker Company $SJM

Bessemer Group Inc. boosted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 22,662.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 726,112 shares of the company’s stock after acquiring an additional 722,922 shares during the quarter. Bessemer Group Inc.’s holdings in J. M. Smucker were worth $70,025,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its stake in shares of J. M. Smucker by 34.5% during the 1st quarter. Wealthfront Advisers LLC now owns 4,339 shares of the company’s stock worth $418,000 after purchasing an additional 1,112 shares during the last quarter. D.A. Davidson & CO. lifted its stake in J. M. Smucker by 20.1% in the 1st quarter. D.A. Davidson & CO. now owns 6,807 shares of the company’s stock valued at $657,000 after purchasing an additional 1,141 shares during the last quarter. Twin Capital Management Inc. lifted its stake in J. M. Smucker by 48.8% in the 1st quarter. Twin Capital Management Inc. now owns 6,260 shares of the company’s stock valued at $604,000 after purchasing an additional 2,053 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in J. M. Smucker by 29.6% during the first quarter. Sanctuary Advisors LLC now owns 8,478 shares of the company’s stock worth $818,000 after purchasing an additional 1,936 shares during the period. Finally, Sigma Planning Corp grew its holdings in J. M. Smucker by 41.7% during the first quarter. Sigma Planning Corp now owns 4,770 shares of the company’s stock worth $460,000 after purchasing an additional 1,404 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 5,550 shares of the company’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 transaction, the insider directly owned 16,039 shares of the company’s stock, valued at $1,865,175.31. This represents a 25.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jill R. Penrose sold 5,000 shares of J. M. Smucker stock in a transaction 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 directly owned 15,795 shares of the company’s stock, valued at $1,843,118.55. This represents a 24.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 18,533 shares of company stock worth $2,132,914. Company insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SJM. Wells Fargo & Company set a $115.00 price target on J. M. Smucker in a research report on Wednesday, June 10th. TD Cowen raised their price objective on J. M. Smucker from $103.00 to $115.00 and gave the company a “hold” rating in a research report on Wednesday, June 10th. Barclays lifted their target price on J. M. Smucker from $103.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 11th. Sanford C. Bernstein reissued an “outperform” rating and set a $137.00 target price on shares of J. M. Smucker in a report on Wednesday, June 10th. Finally, Bank of America increased their price target on J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and an average price target of $121.13.

J. M. Smucker Stock Down 1.8%

J. M. Smucker stock opened at $111.95 on Friday. The stock has a market cap of $11.94 billion, a P/E ratio of -86.12, a P/E/G ratio of 1.59 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 twelve month low of $88.25 and a twelve month high of $119.39. The company’s 50-day moving average price is $108.28 and its two-hundred day moving average price is $104.08.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share (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 firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the business posted $2.31 earnings per share. The business’s revenue for the quarter 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. As a group, analysts expect that The J. M. Smucker Company will post 9.95 EPS for the current year.

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.