Trust Co. of Toledo NA OH Buys New Position in The J. M. Smucker Company $SJM

Trust Co. of Toledo NA OH bought a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 675 shares of the company’s stock, valued at approximately $66,000.

Several other large investors have also bought and sold shares of SJM. Robeco Institutional Asset Management B.V. boosted its stake in J. M. Smucker by 4,906.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 613,910 shares of the company’s stock valued at $60,286,000 after buying an additional 601,647 shares in the last quarter. Maverick Capital Ltd. bought a new position in J. M. Smucker during the first quarter valued at about $64,125,000. LSV Asset Management boosted its stake in J. M. Smucker by 48.4% during the first quarter. LSV Asset Management now owns 1,379,320 shares of the company’s stock valued at $163,325,000 after buying an additional 449,920 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in J. M. Smucker during the first quarter valued at about $33,055,000. Finally, Dimensional Fund Advisors LP boosted its stake in J. M. Smucker by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock valued at $267,252,000 after buying an additional 248,110 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SJM. Argus cut J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Friday, September 12th. Royal Bank Of Canada began coverage on J. M. Smucker in a research note on Monday, July 7th. They set an “outperform” rating and a $130.00 target price for the company. DA Davidson upped their target price on J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. UBS Group reduced their target price on J. M. Smucker from $130.00 to $121.00 and set a “buy” rating for the company in a report on Thursday, August 28th. Finally, Zacks Research raised J. M. Smucker to a “hold” rating in a report on Monday, August 11th. 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

J. M. Smucker Trading Down 0.4%

Shares of NYSE SJM opened at $104.74 on Monday. The business has a fifty day simple moving average of $109.33 and a 200-day simple moving average of $109.24. The company has a market cap of $11.17 billion, a price-to-earnings ratio of -7.64, a P/E/G ratio of 7.23 and a beta of 0.25. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data 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 business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations 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 firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Sell-side analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.40 annualized dividend and a yield of 4.2%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.08. J. M. Smucker’s dividend payout ratio (DPR) is currently -32.09%.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total value 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 approximately $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.24% of the company’s stock.

About J. M. Smucker

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.