Chevy Chase Trust Holdings LLC Buys 297 Shares of The J. M. Smucker Company $SJM

Chevy Chase Trust Holdings LLC lifted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,142 shares of the company’s stock after purchasing an additional 297 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in J. M. Smucker were worth $5,611,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SJM. Robeco Institutional Asset Management B.V. raised its stake in shares of J. M. Smucker by 4,906.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 613,910 shares of the company’s stock worth $60,286,000 after purchasing an additional 601,647 shares in the last quarter. Maverick Capital Ltd. bought a new stake in J. M. Smucker in the 1st quarter valued at $64,125,000. LSV Asset Management raised its stake in J. M. Smucker by 48.4% in the 1st quarter. LSV Asset Management now owns 1,379,320 shares of the company’s stock valued at $163,325,000 after acquiring an additional 449,920 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new stake in J. M. Smucker in the 1st quarter valued at $33,055,000. Finally, Dimensional Fund Advisors LP raised its stake in J. M. Smucker by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock valued at $267,252,000 after acquiring an additional 248,110 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada assumed coverage on J. M. Smucker in a research note on Monday, July 7th. They issued an “outperform” rating and a $130.00 price target on the stock. BNP Paribas upgraded J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, July 9th. Morgan Stanley increased their price target on J. M. Smucker from $115.00 to $118.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. DA Davidson upped their price objective on J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Finally, UBS Group decreased their price objective on J. M. Smucker from $130.00 to $121.00 and set a “buy” rating on the stock in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, J. M. Smucker has an average rating of “Moderate Buy” and an average target price of $118.00.

Insider Activity

In other news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the sale, the chief financial officer directly owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.24% of the company’s stock.

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $105.37 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. The stock’s fifty day moving average price is $108.54 and its two-hundred day moving average price is $108.67. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $125.42. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of -7.69, a P/E/G ratio of 7.26 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last released its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.05). The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company posted $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, equities analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.