Amundi Purchases 28,640 Shares of The J. M. Smucker Company $SJM

Amundi grew its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 466,075 shares of the company’s stock after buying an additional 28,640 shares during the period. Amundi’s holdings in J. M. Smucker were worth $48,859,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SJM. Invesco Ltd. boosted its holdings in shares of J. M. Smucker by 7.5% during the 2nd quarter. Invesco Ltd. now owns 2,819,028 shares of the company’s stock valued at $276,829,000 after buying an additional 195,774 shares in the last quarter. Geode Capital Management LLC boosted its stake in J. M. Smucker by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company’s stock valued at $271,539,000 after purchasing an additional 49,017 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in J. M. Smucker by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock worth $267,252,000 after buying an additional 248,110 shares in the last quarter. Ariel Investments LLC grew its stake in shares of J. M. Smucker by 2.7% in the first quarter. Ariel Investments LLC now owns 1,881,584 shares of the company’s stock worth $222,798,000 after acquiring an additional 48,723 shares during the period. Finally, LSV Asset Management grew its position in J. M. Smucker by 0.9% in the 2nd quarter. LSV Asset Management now owns 1,391,770 shares of the company’s stock worth $136,672,000 after purchasing an additional 12,450 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on SJM shares. Morgan Stanley dropped 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. Cfra Research upgraded shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, August 27th. UBS Group cut their target price 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. Sanford C. Bernstein lifted their price target on shares of J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. Finally, Barclays restated 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. One 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $116.79.

J. M. Smucker Stock Down 1.3%

Shares of NYSE SJM opened at $99.40 on Wednesday. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $121.48. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of -8.86, a PEG ratio of 6.84 and a beta of 0.22. The stock has a 50 day moving average price of $104.47 and a 200 day moving average price of $106.08. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.89.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.02). The business had revenue of $2.33 billion during 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%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Sell-side analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors 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 dividend payout ratio (DPR) is -39.22%.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the company’s 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.24% of the stock is owned by company insiders.

J. M. Smucker 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.