Resonant Capital Advisors LLC Increases Stock Position in The J. M. Smucker Company $SJM

Resonant Capital Advisors LLC raised its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,753 shares of the company’s stock after purchasing an additional 432 shares during the period. Resonant Capital Advisors LLC’s holdings in J. M. Smucker were worth $1,449,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of J. M. Smucker by 8.6% during the first quarter. Invesco Ltd. now owns 2,623,254 shares of the company’s stock valued at $310,620,000 after purchasing an additional 208,231 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 worth $267,252,000 after buying an additional 248,110 shares in the last quarter. Ariel Investments LLC raised its position in J. M. Smucker by 2.7% in the 1st quarter. Ariel Investments LLC now owns 1,881,584 shares of the company’s stock worth $222,798,000 after buying an additional 48,723 shares during the last quarter. LSV Asset Management lifted its stake in J. M. Smucker by 48.4% during 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. Finally, Northern Trust Corp boosted its holdings in shares of J. M. Smucker by 7.9% during the 1st quarter. Northern Trust Corp now owns 1,219,932 shares of the company’s stock valued at $144,452,000 after acquiring an additional 89,316 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the subject of several research reports. Barclays reissued an “equal weight” rating and set a $105.00 price objective on shares of J. M. Smucker in a report on Friday, August 29th. Bank of America decreased their target price on shares of J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, August 28th. Cfra Research upgraded J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, August 27th. Morgan Stanley lifted their price objective on J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Finally, UBS Group lowered their target price 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 investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.38.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $102.17 on Friday. The stock has a market cap of $10.90 billion, a P/E ratio of -7.45, a P/E/G ratio of 7.05 and a beta of 0.25. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The stock’s fifty day moving average is $107.90 and its 200 day moving average is $108.48. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $125.42.

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

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.40 annualized dividend and a yield of 4.3%. J. M. Smucker’s payout ratio is currently -32.09%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the transaction, the chief financial officer directly owned 33,864 shares in the company, valued at $3,661,037.04. This represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.24% of the stock is currently owned by insiders.

J. M. Smucker Company 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.