Collaborative Fund Advisors LLC Acquires New Holdings in The J. M. Smucker Company $SJM

Collaborative Fund Advisors LLC bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,229 shares of the company’s stock, valued at approximately $503,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of J. M. Smucker by 15.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,920,718 shares of the company’s stock valued at $378,102,000 after acquiring an additional 528,418 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of J. M. Smucker in the second quarter worth approximately $103,113,000. Bank of America Corp DE increased its position in shares of J. M. Smucker by 5.9% in the first quarter. Bank of America Corp DE now owns 767,336 shares of the company’s stock worth $74,002,000 after purchasing an additional 43,043 shares during the last quarter. Bessemer Group Inc. raised its stake in J. M. Smucker by 22,662.1% in the first quarter. Bessemer Group Inc. now owns 726,112 shares of the company’s stock valued at $70,025,000 after purchasing an additional 722,922 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in J. M. Smucker by 16.6% during the first quarter. First Trust Advisors LP now owns 657,159 shares of the company’s stock valued at $63,376,000 after purchasing an additional 93,657 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Robert Ferguson sold 2,522 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $132.41, for a total transaction of $333,938.02. Following the transaction, the insider directly owned 36,295 shares of the company’s stock, valued at approximately $4,805,820.95. The trade was a 6.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tucker Marshall sold 18,482 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $132.05, for a total transaction of $2,440,548.10. Following the completion of the transaction, the chief financial officer owned 38,699 shares of the company’s stock, valued at $5,110,202.95. This trade represents a 32.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.80% of the company’s stock.

J. M. Smucker Trading Up 3.4%

Shares of SJM opened at $132.38 on Thursday. The stock has a market capitalization of $14.14 billion, a P/E ratio of 61.86, a PEG ratio of 1.72 and a beta of 0.26. The company has a quick ratio of 0.35, a current ratio of 0.87 and a debt-to-equity ratio of 1.11. The firm has a fifty day simple moving average of $124.54 and a two-hundred day simple moving average of $111.65. The J. M. Smucker Company has a twelve month low of $88.25 and a twelve month high of $135.89.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $1.02. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a net margin of 2.51% and a return on equity of 19.85%. J. M. Smucker’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.90 earnings per share. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. On average, research analysts anticipate that The J. M. Smucker Company will post 10.71 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a $1.12 dividend. The ex-dividend date is Friday, November 13th. This represents a $4.48 annualized dividend and a yield of 3.4%. J. M. Smucker’s payout ratio is 209.35%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SJM. BNP Paribas Exane lifted their price objective on shares of J. M. Smucker from $130.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Jefferies Financial Group increased their price objective on J. M. Smucker from $129.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. UBS Group upped their target price on J. M. Smucker from $130.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. JPMorgan Chase & Co. boosted their price objective on shares of J. M. Smucker from $125.00 to $139.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Finally, Evercore upped their price objective on shares of J. M. Smucker from $120.00 to $150.00 in a research note on Thursday, October 8th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.00.

About J. M. Smucker

The J. M. Smucker Company, founded in 1897 by Jerome Monroe Smucker in Orrville, Ohio, is a food and beverage company serving consumers primarily in the United States and Canada. The company sells branded products through grocery retailers, club stores, e-commerce channels, foodservice distributors and other outlets.

Its portfolio includes coffee brands such as Folgers, Dunkin’ and Café Bustelo; fruit spreads and toppings sold under the Smucker’s name; and peanut butter and related products under the Jif brand.