Russell Investments Group Ltd. Boosts Stock Holdings in The J. M. Smucker Company $SJM

Russell Investments Group Ltd. increased its stake in The J. M. Smucker Company (NYSE:SJM) by 19.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,589 shares of the company’s stock after acquiring an additional 6,815 shares during the period. Russell Investments Group Ltd.’s holdings in J. M. Smucker were worth $4,157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SJM. Tortoise Investment Management LLC raised its position in J. M. Smucker by 87.0% in the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Nova Wealth Management Inc. acquired a new stake in J. M. Smucker in the second quarter valued at approximately $25,000. AlphaQuest LLC acquired a new stake in J. M. Smucker in the second quarter valued at approximately $26,000. Bank of Jackson Hole Trust lifted its stake 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 acquiring an additional 140 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in J. M. Smucker during the 2nd quarter worth approximately $39,000. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Trading Up 0.4%

NYSE:SJM opened at $100.02 on Friday. The company has a market capitalization of $10.67 billion, a PE ratio of -8.91, a P/E/G ratio of 6.80 and a beta of 0.22. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $121.48. The stock’s 50 day moving average price is $104.79 and its 200 day moving average price is $106.30. 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 quarterly earnings data 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 firm had revenue of $2.33 billion during the quarter, compared to analyst estimates 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 period in the previous year, the company posted $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 EPS for the current year.

J. M. Smucker Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SJM shares. Zacks Research upgraded shares of J. M. Smucker to a “hold” rating in a research note on Monday, August 11th. UBS Group lowered their price objective on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Morgan Stanley cut their target price on J. M. Smucker from $118.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Bank of America decreased their target price on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, August 28th. Finally, Cfra Research upgraded shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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 dated 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 completion of the sale, the chief financial officer owned 33,864 shares in the company, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.24% of the company’s stock.

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.