10,000 Shares in The J. M. Smucker Company $SJM Bought by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $982,000.

Several other institutional investors have also recently made changes to their positions in SJM. Cullen Frost Bankers Inc. raised its stake in J. M. Smucker by 2.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,872 shares of the company’s stock valued at $380,000 after acquiring an additional 97 shares during the period. Tortoise Investment Management LLC lifted its stake in shares of J. M. Smucker by 87.0% during the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Forum Financial Management LP boosted its holdings in shares of J. M. Smucker by 3.9% during the 1st quarter. Forum Financial Management LP now owns 3,113 shares of the company’s stock worth $369,000 after buying an additional 116 shares during the period. Twin Capital Management Inc. grew its stake in J. M. Smucker by 1.6% in the 2nd quarter. Twin Capital Management Inc. now owns 7,317 shares of the company’s stock valued at $719,000 after buying an additional 117 shares during the last quarter. Finally, SouthState Corp raised its holdings in J. M. Smucker by 6.4% in the 1st quarter. SouthState Corp now owns 1,976 shares of the company’s stock valued at $234,000 after acquiring an additional 118 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SJM. Barclays reiterated an “equal weight” rating and issued a $105.00 price objective on shares of J. M. Smucker in a research note on Friday, August 29th. Stifel Nicolaus lifted their price target on shares of J. M. Smucker from $110.00 to $115.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Bank of America reduced their price target on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, August 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, October 8th. Finally, UBS Group cut their target price on J. M. Smucker from $130.00 to $121.00 and set a “buy” rating for the company in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.38.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 33,864 shares of the company’s stock, valued at $3,661,037.04. This represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.24% of the stock is owned by insiders.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $109.89 on Thursday. The company has a market capitalization of $11.72 billion, a PE ratio of -8.02, a P/E/G ratio of 6.97 and a beta of 0.24. 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 twelve month low of $93.30 and a twelve month high of $125.42. The firm has a fifty day simple moving average of $106.44 and a 200 day simple moving average of $107.43.

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

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given 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 dividend yield of 4.0%. J. M. Smucker’s dividend payout ratio (DPR) is currently -32.09%.

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.