Beacon Financial Advisory LLC Buys New Shares in The J. M. Smucker Company $SJM

Beacon Financial Advisory LLC purchased a new position in shares of The J. M. Smucker Company (NYSE:SJM) in the 1st quarter, Holdings Channel reports. The firm purchased 10,224 shares of the company’s stock, valued at approximately $986,000.

A number of other large investors also recently bought and sold shares of SJM. Garton & Associates Financial Advisors LLC purchased a new stake in J. M. Smucker during the fourth quarter valued at about $25,000. CYBER HORNET ETFs LLC purchased a new stake in shares of J. M. Smucker during the 2nd quarter worth about $27,000. MCF Advisors LLC grew its holdings in shares of J. M. Smucker by 68.1% during the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after purchasing an additional 126 shares during the period. MUFG Securities EMEA plc acquired a new stake in J. M. Smucker during the 2nd quarter worth approximately $31,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in J. M. Smucker during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Activity

In related news, insider Jeannette L. Knudsen sold 4,353 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $115.08, for a total value of $500,943.24. Following the transaction, the insider owned 16,835 shares in the company, valued at approximately $1,937,371.80. The trade was a 20.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Tucker H. Marshall sold 3,630 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total value of $403,111.50. Following the completion of the transaction, the chief financial officer directly owned 38,699 shares of the company’s stock, valued at $4,297,523.95. This represents a 8.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,533 shares of company stock worth $2,132,914 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Stifel Nicolaus reduced their price target 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. BNP Paribas Exane set a $125.00 price objective on shares of J. M. Smucker in a research note on Thursday, April 9th. Sanford C. Bernstein reissued an “outperform” rating and issued a $137.00 price objective on shares of J. M. Smucker in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $95.00 target price on shares of J. M. Smucker in a research note on Wednesday, May 20th. Finally, Weiss Ratings upgraded shares of J. M. Smucker from a “sell (d)” rating to a “sell (d+)” rating in a 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $121.13.

J. M. Smucker Trading Up 0.0%

SJM opened at $116.32 on Friday. The firm has a market capitalization of $12.41 billion, a P/E ratio of -89.48, a P/E/G ratio of 1.62 and a beta of 0.26. The firm’s 50 day moving average is $105.45 and its 200-day moving average is $103.26. 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.

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, beating analysts’ consensus estimates of $2.64 by $0.13. The business had revenue of $2.27 billion during 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 period last year, the business earned $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Analysts expect that The J. M. Smucker Company will post 9.95 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given 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%.

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.