Louisiana State Employees Retirement System Invests $521,000 in The J. M. Smucker Company $SJM

Louisiana State Employees Retirement System purchased a new stake in The J. M. Smucker Company (NYSE:SJM) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,400 shares of the company’s stock, valued at approximately $521,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC grew its position in shares of J. M. Smucker by 10.2% in the fourth quarter. Golden State Wealth Management LLC now owns 991 shares of the company’s stock valued at $97,000 after purchasing an additional 92 shares during the period. Colonial Trust Advisors raised its position in shares of J. M. Smucker by 7.8% during the 4th quarter. Colonial Trust Advisors now owns 1,303 shares of the company’s stock worth $127,000 after purchasing an additional 94 shares during the last quarter. Harbour Investments Inc. lifted its stake in J. M. Smucker by 2.1% in the 4th quarter. Harbour Investments Inc. now owns 4,652 shares of the company’s stock valued at $455,000 after buying an additional 97 shares in the last quarter. Delta Asset Management LLC TN boosted its holdings in J. M. Smucker by 7.8% in the 4th quarter. Delta Asset Management LLC TN now owns 1,378 shares of the company’s stock worth $135,000 after buying an additional 100 shares during the last quarter. Finally, New Mexico Educational Retirement Board boosted its holdings in J. M. Smucker by 2.1% in the 4th quarter. New Mexico Educational Retirement Board now owns 4,922 shares of the company’s stock worth $481,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

SJM stock opened at $113.32 on Wednesday. The J. M. Smucker Company has a 52-week low of $88.25 and a 52-week high of $119.39. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of -87.17, a price-to-earnings-growth ratio of 1.56 and a beta of 0.26. The business has a fifty day moving average of $106.10 and a two-hundred day moving average of $103.44.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a dividend of $1.10 per share. The ex-dividend date was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.9%. J. M. Smucker’s dividend payout ratio (DPR) is currently -338.46%.

Insider Activity

In other news, CFO Tucker H. Marshall sold 3,630 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total value of $403,111.50. Following the sale, the chief financial officer directly owned 38,699 shares of the company’s stock, valued at approximately $4,297,523.95. The trade was a 8.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill R. Penrose sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the completion of the transaction, the insider owned 15,795 shares in the company, valued at approximately $1,843,118.55. This represents a 24.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 18,533 shares of company stock valued at $2,132,914. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

SJM has been the subject of a number of research analyst reports. Barclays increased their target price on J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, June 11th. Bank of America boosted their price target 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. BNP Paribas Exane set a $125.00 price objective on J. M. Smucker in a report on Thursday, April 9th. Wall Street Zen raised shares of J. M. Smucker from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Evercore assumed coverage on shares of J. M. Smucker in a report on Friday, May 15th. They set an “outperform” rating and a $117.00 target price for the company. 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $121.13.

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.