Hudson Edge Investment Partners Inc. boosted its holdings in shares of The J. M. Smucker Company (NYSE:SJM – Free Report) by 7.2% during the 1st quarter, Holdings Channel reports. The firm owned 77,662 shares of the company’s stock after buying an additional 5,225 shares during the period. J. M. Smucker comprises about 1.1% of Hudson Edge Investment Partners Inc.’s portfolio, making the stock its 29th biggest holding. Hudson Edge Investment Partners Inc.’s holdings in J. M. Smucker were worth $7,490,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC bought a new stake in J. M. Smucker in the 4th quarter valued at $25,000. CYBER HORNET ETFs LLC bought a new position in shares of J. M. Smucker during the 2nd quarter valued at about $27,000. MCF Advisors LLC grew its position in shares of J. M. Smucker by 68.1% during the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after purchasing an additional 126 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of J. M. Smucker during the second quarter valued at about $31,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of J. M. Smucker in the fourth quarter worth about $32,000. Institutional investors own 81.66% of the company’s stock.
Insider Transactions at J. M. Smucker
In related news, insider Jill R. Penrose sold 5,000 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $116.69, for a total value of $583,450.00. Following the completion of the sale, the insider directly owned 15,795 shares of the company’s stock, valued at $1,843,118.55. This represents a 24.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeannette L. Knudsen sold 5,550 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $116.29, for a total transaction of $645,409.50. Following the completion of the sale, the insider directly owned 16,039 shares of the company’s stock, valued at approximately $1,865,175.31. This trade represents a 25.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 18,533 shares of company stock valued at $2,132,914. 2.80% of the stock is currently owned by corporate insiders.
J. M. Smucker Stock Performance
J. M. Smucker (NYSE:SJM – Get Free Report) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. J. M. Smucker’s quarterly revenue was up 5.8% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, equities analysts predict that The J. M. Smucker Company will post 9.95 EPS for the current year.
J. M. Smucker Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, May 15th. J. M. Smucker’s dividend payout ratio is currently -338.46%.
Analyst Upgrades and Downgrades
SJM has been the subject of a number of research reports. Wells Fargo & Company set a $115.00 target price on J. M. Smucker in a research report on Wednesday, June 10th. Bank of America increased their price objective on shares of J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings raised shares of J. M. Smucker from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Stifel Nicolaus lowered their price target on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating for the company in a report on Tuesday, April 21st. Finally, BNP Paribas Exane set a $125.00 price target on J. M. Smucker in a research report on Thursday, April 9th. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $121.13.
Check Out Our Latest Stock Report on SJM
About J. M. Smucker
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.
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