Paradigm Asset Management Co. LLC Makes New $1.05 Million Investment in The J. M. Smucker Company $SJM

Paradigm Asset Management Co. LLC purchased a new stake in The J. M. Smucker Company (NYSE:SJM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,700 shares of the company’s stock, valued at approximately $1,051,000.

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

J. M. Smucker Stock Performance

Shares of SJM stock opened at $107.03 on Friday. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. 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 firm has a market cap of $11.42 billion, a price-to-earnings ratio of -7.81, a PEG ratio of 6.97 and a beta of 0.24. The stock’s 50-day moving average is $106.57 and its two-hundred day moving average is $107.66.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results 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 firm had revenue of $2.11 billion for 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 company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, November 14th. J. M. Smucker’s payout ratio is presently -32.09%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SJM. Stifel Nicolaus increased their target price on shares of J. M. Smucker from $110.00 to $115.00 and gave the stock a “hold” rating in a report on Friday, October 24th. JPMorgan Chase & Co. reduced their price objective on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating on the stock in a research note on Thursday, August 28th. Cfra Research raised J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, August 27th. Zacks Research raised shares of J. M. Smucker to a “hold” rating in a report on Monday, August 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.38.

Insider Buying and Selling

In related news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction on Tuesday, September 30th. The shares were 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 owned 33,864 shares in the company, valued at $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.24% of the stock is currently owned by company insiders.

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.