Ashton Thomas Private Wealth LLC Boosts Stake in The J. M. Smucker Company $SJM

Ashton Thomas Private Wealth LLC increased its stake in The J. M. Smucker Company (NYSE:SJM) by 150.0% in the 3rd quarter, Holdings Channel reports. The fund owned 57,999 shares of the company’s stock after buying an additional 34,800 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in J. M. Smucker were worth $6,299,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in J. M. Smucker by 54.0% during the third quarter. Jones Financial Companies Lllp now owns 7,393 shares of the company’s stock valued at $807,000 after acquiring an additional 2,592 shares during the last quarter. A4 Wealth Advisors LLC bought a new position in shares of J. M. Smucker during the 3rd quarter valued at $301,000. Independent Advisor Alliance raised its position in J. M. Smucker by 5.0% in the 3rd quarter. Independent Advisor Alliance now owns 5,200 shares of the company’s stock worth $565,000 after purchasing an additional 247 shares during the period. Frank Rimerman Advisors LLC bought a new stake in J. M. Smucker in the third quarter worth $203,000. Finally, Columbia Asset Management boosted its position in J. M. Smucker by 4.5% during the third quarter. Columbia Asset Management now owns 3,130 shares of the company’s stock valued at $340,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $108.53 on Thursday. The company has a 50 day simple moving average of $100.96 and a two-hundred day simple moving average of $105.30. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $121.48. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of -9.67, a P/E/G ratio of 7.20 and a beta of 0.23. 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 issued its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the firm earned $2.76 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, February 13th. J. M. Smucker’s dividend payout ratio is currently -39.22%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley restated an “equal weight” rating and set a $105.00 price target (down from $115.00) on shares of J. M. Smucker in a research report on Friday, January 16th. UBS Group dropped their price objective on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Stifel Nicolaus lowered their price objective on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Canaccord Genuity Group upgraded J. M. Smucker to a “buy” rating in a report on Friday, January 16th. Finally, TD Cowen cut their price objective on J. M. Smucker from $111.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $114.93.

About J. M. Smucker

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.