Delta Global Management LP Makes New Investment in The J. M. Smucker Company $SJM

Delta Global Management LP purchased a new stake in The J. M. Smucker Company (NYSE:SJM) during the 1st quarter, Holdings Channel reports. The firm purchased 20,232 shares of the company’s stock, valued at approximately $1,951,000.

Other hedge funds also recently made changes to their positions in the company. 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 J. M. Smucker in the 2nd quarter valued at approximately $27,000. MCF Advisors LLC increased its position in J. M. Smucker by 68.1% in the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after acquiring an additional 126 shares during the period. MUFG Securities EMEA plc bought a new stake in J. M. Smucker during the 2nd quarter valued at $31,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in J. M. Smucker during the 4th quarter valued at $32,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $118.31 on Monday. The stock has a fifty day moving average price of $109.88 and a two-hundred day moving average price of $104.78. 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 $12.62 billion, a P/E ratio of -91.01, a PEG ratio of 1.65 and a beta of 0.26. The J. M. Smucker Company has a 1 year low of $88.25 and a 1 year high of $119.39.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data 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%.The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Research analysts forecast that The J. M. Smucker Company will post 9.95 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.10. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. J. M. Smucker’s dividend payout ratio is presently -338.46%.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 3,630 shares of J. M. Smucker 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 transaction, the chief financial officer owned 38,699 shares of the company’s stock, valued at $4,297,523.95. The trade was a 8.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeannette L. Knudsen sold 4,353 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $115.08, for a total transaction of $500,943.24. Following the completion of the sale, the insider owned 16,835 shares in the company, valued at $1,937,371.80. The trade was a 20.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 18,533 shares of company stock worth $2,132,914. 2.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on SJM shares. Morgan Stanley boosted their price target on J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. Evercore reissued an “outperform” rating and set a $125.00 price target on shares of J. M. Smucker in a report on Thursday. BNP Paribas Exane set a $125.00 price objective on shares of J. M. Smucker in a research note on Thursday, April 9th. JPMorgan Chase & Co. upped their price objective on shares of J. M. Smucker from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Finally, Royal Bank Of Canada increased their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, J. M. Smucker presently has an average rating of “Hold” and an average price target of $121.67.

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.