Fifth Third Bancorp Has $4.61 Million Stake in The J. M. Smucker Company $SJM

Fifth Third Bancorp raised its position in The J. M. Smucker Company (NYSE:SJM) by 350.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,791 shares of the company’s stock after buying an additional 37,176 shares during the quarter. Fifth Third Bancorp’s holdings in J. M. Smucker were worth $4,609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SJM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in J. M. Smucker by 10.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock valued at $2,286,000 after purchasing an additional 1,763 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of J. M. Smucker in the 1st quarter valued at $253,000. Empowered Funds LLC increased its stake in shares of J. M. Smucker by 28.6% in the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock valued at $1,538,000 after purchasing an additional 2,889 shares during the last quarter. Woodline Partners LP increased its stake in shares of J. M. Smucker by 40.7% in the 1st quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after purchasing an additional 2,600 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of J. M. Smucker by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock worth $217,000 after buying an additional 138 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Down 1.8%

Shares of NYSE:SJM opened at $111.95 on Friday. The firm has a fifty day moving average price of $108.28 and a two-hundred day moving average price of $104.08. The company has a market cap of $11.94 billion, a price-to-earnings ratio of -86.12, a PEG ratio of 1.59 and a beta of 0.26. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $119.39.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.13. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. During the same quarter in the prior year, the firm posted $2.31 earnings per share. The business’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. Analysts anticipate that The J. M. Smucker Company will post 9.95 EPS for the current fiscal year.

Insider Transactions at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 5,550 shares of the firm’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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Tucker H. Marshall sold 3,630 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total transaction of $403,111.50. Following the completion of the sale, the chief financial officer owned 38,699 shares of the company’s stock, valued at approximately $4,297,523.95. The trade was a 8.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 18,533 shares of company stock valued at $2,132,914 in the last quarter. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

SJM has been the topic of several research analyst reports. Bank of America raised their price objective on J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Sanford C. Bernstein reissued an “outperform” rating and set a $137.00 target price on shares of J. M. Smucker in a research note on Wednesday, June 10th. Evercore assumed coverage on shares of J. M. Smucker in a report on Friday, May 15th. They issued an “outperform” rating and a $117.00 target price for the company. Barclays raised their price target on shares of J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, June 11th. Finally, Royal Bank Of Canada lifted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $121.13.

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.