Invesco Ltd. Acquires 195,774 Shares of The J. M. Smucker Company $SJM

Invesco Ltd. boosted its stake in The J. M. Smucker Company (NYSE:SJM) by 7.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,819,028 shares of the company’s stock after purchasing an additional 195,774 shares during the quarter. Invesco Ltd.’s holdings in J. M. Smucker were worth $276,829,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its position in shares of J. M. Smucker by 87.0% in the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Nova Wealth Management Inc. purchased a new position in shares of J. M. Smucker during the second quarter valued at about $25,000. AlphaQuest LLC bought a new position in J. M. Smucker in the second quarter worth about $26,000. Bank of Jackson Hole Trust lifted its holdings in J. M. Smucker by 104.5% in the second quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock worth $27,000 after buying an additional 140 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in J. M. Smucker in the second quarter worth about $28,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group reduced their target price on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Sanford C. Bernstein lifted their price target on J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a research report on Wednesday, November 26th. Morgan Stanley reduced their price target on J. M. Smucker from $118.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Barclays reissued an “equal weight” rating and set a $105.00 price objective on shares of J. M. Smucker in a research report on Friday, August 29th. Finally, Citigroup restated a “hold” rating on shares of J. M. Smucker in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $116.79.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the sale, the chief financial officer owned 33,864 shares in the company, valued at $3,661,037.04. This represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.24% of the stock is currently owned by insiders.

J. M. Smucker Stock Up 0.4%

Shares of NYSE:SJM opened at $100.02 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.37 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $104.79 and a two-hundred day simple moving average of $106.30. The J. M. Smucker Company has a 12-month low of $93.30 and a 12-month high of $121.48. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of -8.91, a PEG ratio of 6.80 and a beta of 0.22.

J. M. Smucker (NYSE:SJM) last issued its quarterly 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). The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. J. M. Smucker’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.76 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. On average, research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, November 14th. J. M. Smucker’s dividend payout ratio is currently -39.22%.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.