8,357 Shares in The J. M. Smucker Company $SJM Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC acquired a new position in shares of The J. M. Smucker Company (NYSE:SJM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,357 shares of the company’s stock, valued at approximately $809,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SJM. Garton & Associates Financial Advisors LLC acquired a new position in shares of J. M. Smucker during the fourth quarter worth approximately $25,000. CYBER HORNET ETFs LLC acquired a new stake in shares of J. M. Smucker in the second quarter valued at approximately $27,000. MCF Advisors LLC increased its holdings in shares of J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after purchasing an additional 126 shares in the last quarter. MUFG Securities EMEA plc bought a new position in J. M. Smucker in the 2nd quarter worth approximately $31,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in J. M. Smucker during the 4th quarter worth $32,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SJM shares. Stifel Nicolaus decreased their price objective on 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. JPMorgan Chase & Co. upped their price target on J. M. Smucker from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Bank of America lifted their price objective 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $95.00 price objective on shares of J. M. Smucker in a report on Wednesday, May 20th. Finally, UBS Group upped their target price on shares of J. M. Smucker from $121.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Nine investment 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $121.13.

Insider Activity at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,000 shares of J. M. Smucker stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $116.69, for a total transaction of $583,450.00. Following the completion of the sale, the insider owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. The trade was a 24.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeannette L. Knudsen sold 5,550 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $116.29, for a total value of $645,409.50. Following the sale, the insider owned 16,039 shares of the company’s stock, valued at approximately $1,865,175.31. This represents a 25.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 18,533 shares of company stock valued at $2,132,914. 2.80% of the stock is owned by corporate insiders.

J. M. Smucker Stock Up 4.5%

Shares of J. M. Smucker stock opened at $113.89 on Friday. The J. M. Smucker Company has a 1 year low of $88.25 and a 1 year high of $119.39. The business has a 50-day moving average of $108.03 and a two-hundred day moving average of $104.03. The company has a market capitalization of $12.15 billion, a P/E ratio of -87.61, a price-to-earnings-growth ratio of 1.52 and a beta of 0.26. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 predict that The J. M. Smucker Company will post 9.95 EPS for the current year.

J. M. Smucker Company 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.