Hudson Edge Investment Partners Inc. Acquires 5,225 Shares of The J. M. Smucker Company $SJM

Hudson Edge Investment Partners Inc. grew its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 7.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 77,662 shares of the company’s stock after purchasing an additional 5,225 shares during the period. J. M. Smucker makes up approximately 1.1% of Hudson Edge Investment Partners Inc.’s holdings, making the stock its 29th largest position. Hudson Edge Investment Partners Inc. owned approximately 0.07% of J. M. Smucker worth $7,490,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SJM. Garton & Associates Financial Advisors LLC bought a new position in J. M. Smucker during the 4th quarter valued at approximately $25,000. CYBER HORNET ETFs LLC purchased a new position in J. M. Smucker during the second quarter valued at $27,000. MCF Advisors LLC boosted its holdings in J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after acquiring an additional 126 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in J. M. Smucker in the second quarter worth $31,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of J. M. Smucker in the fourth quarter worth $32,000. 81.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In other J. M. Smucker news, insider Jill R. Penrose sold 5,000 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $116.69, for a total value of $583,450.00. Following the transaction, the insider owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. This represents a 24.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeannette L. Knudsen sold 4,353 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $115.08, for a total transaction of $500,943.24. Following the sale, the insider owned 16,835 shares of the company’s stock, valued at $1,937,371.80. This trade represents a 20.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 18,533 shares of company stock worth $2,132,914. 2.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. BTIG Research set a $130.00 price target on J. M. Smucker in a report on Wednesday, June 10th. Royal Bank Of Canada upped their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Stifel Nicolaus cut their price objective on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $95.00 price target on shares of J. M. Smucker in a report on Wednesday, May 20th. Finally, Barclays raised their price target on shares of J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, June 11th. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $121.13.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $116.32 on Friday. The J. M. Smucker Company has a fifty-two week low of $88.25 and a fifty-two week high of $119.39. The business has a 50-day simple moving average of $105.45 and a two-hundred day simple moving average of $103.26. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of -89.48, a price-to-earnings-growth ratio of 1.62 and a beta of 0.26.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the business earned $2.31 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, analysts expect that The J. M. Smucker Company will post 9.95 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, June 1st. Investors of record on Friday, May 15th were issued a $1.10 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.40 annualized dividend and a yield of 3.8%. J. M. Smucker’s dividend payout ratio (DPR) is currently -338.46%.

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.