Aspire Private Capital LLC Acquires Shares of 9,480 The J. M. Smucker Company $SJM

Aspire Private Capital LLC bought a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the 1st quarter, Holdings Channel reports. The institutional investor bought 9,480 shares of the company’s stock, valued at approximately $914,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in J. M. Smucker by 10.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock valued at $2,286,000 after acquiring an additional 1,763 shares during the period. United Services Automobile Association purchased a new position in J. M. Smucker during the 1st quarter worth $253,000. Empowered Funds LLC raised its position in J. M. Smucker by 28.6% during the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after buying an additional 2,889 shares during the last quarter. Woodline Partners LP lifted its stake in shares of J. M. Smucker by 40.7% in the 1st quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock worth $1,065,000 after acquiring an additional 2,600 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of J. M. Smucker by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock worth $217,000 after acquiring an additional 138 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

SJM stock opened at $115.55 on Monday. The firm has a 50 day moving average of $103.45 and a 200-day moving average of $102.76. The company has a market cap of $12.32 billion, a price-to-earnings ratio of -88.88, a PEG ratio of 1.61 and a beta of 0.27. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $119.39. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.J. M. Smucker’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, equities analysts expect that The J. M. Smucker Company will post 9.96 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, May 15th. J. M. Smucker’s dividend payout ratio is presently -338.46%.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 3,630 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total transaction of $403,111.50. Following the completion of the transaction, the chief financial officer directly owned 38,699 shares in the company, valued at approximately $4,297,523.95. This trade represents a 8.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeannette L. Knudsen sold 5,550 shares of J. M. Smucker stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $116.29, for a total transaction of $645,409.50. Following the transaction, the insider owned 16,039 shares of the company’s stock, valued at approximately $1,865,175.31. The trade was a 25.71% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SJM has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of J. M. Smucker from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. BNP Paribas Exane set a $125.00 price objective on shares of J. M. Smucker in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $95.00 price objective on shares of J. M. Smucker in a report on Wednesday, May 20th. Bank of America boosted their target price on J. M. Smucker from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen raised J. M. Smucker from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $121.13.

J. M. Smucker Profile

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.