Journey Advisory Group LLC Purchases 261 Shares of The J. M. Smucker Company $SJM

Journey Advisory Group LLC grew its position in The J. M. Smucker Company (NYSE:SJM) by 13.9% in the second quarter, Holdings Channel.com reports. The fund owned 2,143 shares of the company’s stock after buying an additional 261 shares during the period. Journey Advisory Group LLC’s holdings in J. M. Smucker were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of SJM. State of Alaska Department of Revenue lifted its position in shares of J. M. Smucker by 1.6% in the 1st quarter. State of Alaska Department of Revenue now owns 20,968 shares of the company’s stock worth $2,482,000 after acquiring an additional 335 shares during the period. Palumbo Wealth Management LLC lifted its position in shares of J. M. Smucker by 68.2% in the 1st quarter. Palumbo Wealth Management LLC now owns 19,210 shares of the company’s stock worth $2,275,000 after acquiring an additional 7,790 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of J. M. Smucker in the 1st quarter worth approximately $201,000. AssuredPartners Investment Advisors LLC lifted its position in shares of J. M. Smucker by 2.6% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 5,208 shares of the company’s stock worth $617,000 after acquiring an additional 133 shares during the period. Finally, Edmp Inc. lifted its position in shares of J. M. Smucker by 13.0% in the 1st quarter. Edmp Inc. now owns 12,098 shares of the company’s stock worth $1,433,000 after acquiring an additional 1,395 shares during the period. Institutional investors own 81.66% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 11,139 shares of the firm’s 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 completion of the sale, the chief financial officer directly owned 33,864 shares of the company’s stock, valued at $3,661,037.04. This trade represents a 24.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on SJM shares. BNP Paribas Exane upgraded J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research report on Wednesday, July 9th. Royal Bank Of Canada began coverage on J. M. Smucker in a report on Monday, July 7th. They issued an “outperform” rating and a $130.00 target price for the company. DA Davidson increased their target price on J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Cfra Research raised J. M. Smucker from a “hold” rating to a “moderate buy” rating in a report on Wednesday, August 27th. Finally, Bank of America dropped their target price on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

J. M. Smucker Trading Up 0.1%

SJM stock opened at $105.37 on Tuesday. The business has a fifty day moving average price of $108.54 and a 200 day moving average price of $108.67. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34.

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