Y Intercept Hong Kong Ltd Invests $4.07 Million in The J. M. Smucker Company $SJM

Y Intercept Hong Kong Ltd bought a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the 1st quarter, HoldingsChannel reports. The firm bought 42,213 shares of the company’s stock, valued at approximately $4,071,000.

A number of other large investors have also recently added to or reduced their stakes in the business. UBS Group AG grew its position in J. M. Smucker by 238.7% in the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock worth $383,834,000 after buying an additional 2,765,559 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of J. M. Smucker by 33.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock worth $331,807,000 after acquiring an additional 850,943 shares in the last quarter. Invesco Ltd. grew its holdings in shares of J. M. Smucker by 5.8% in the 4th quarter. Invesco Ltd. now owns 2,783,272 shares of the company’s stock worth $272,232,000 after acquiring an additional 151,872 shares during the last quarter. Morgan Stanley grew its holdings in shares of J. M. Smucker by 16.8% in the 4th quarter. Morgan Stanley now owns 2,486,596 shares of the company’s stock worth $243,214,000 after acquiring an additional 357,253 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in shares of J. M. Smucker by 6,854.4% during the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after purchasing an additional 1,505,991 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SJM shares. Barclays upped their target price on J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, June 11th. Royal Bank Of Canada boosted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Stifel Nicolaus reduced their price objective on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating for the company in a research note on Tuesday, April 21st. BTIG Research set a $130.00 target price on shares of J. M. Smucker in a report on Wednesday, June 10th. Finally, TD Cowen lifted their target price on shares of J. M. Smucker from $103.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, June 10th. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and an average price target of $121.13.

J. M. Smucker Trading Up 0.0%

Shares of NYSE:SJM opened at $116.32 on Monday. The firm has a fifty day moving average of $105.45 and a two-hundred day moving average of $103.27. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $119.39. The firm has a market capitalization of $12.41 billion, a P/E ratio of -89.48, a price-to-earnings-growth ratio of 1.62 and a beta of 0.26.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data 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 analysts’ expectations of $2.26 billion. During the same quarter last year, the firm earned $2.31 earnings per share. The business’s revenue for the quarter 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. On average, equities analysts expect that The J. M. Smucker Company will post 9.95 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $1.10 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 3.8%. J. M. Smucker’s payout ratio is -338.46%.

Insiders Place Their Bets

In other news, insider Jeannette L. Knudsen sold 4,353 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $115.08, for a total transaction of $500,943.24. Following the transaction, the insider owned 16,835 shares in the company, valued at $1,937,371.80. This represents a 20.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill R. Penrose sold 5,000 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the transaction, the insider owned 15,795 shares in the company, valued at approximately $1,843,118.55. This trade represents a 24.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,533 shares of company stock valued at $2,132,914 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

J. M. Smucker Profile

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.