Entropy Technologies LP Makes New Investment in The J. M. Smucker Company $SJM

Entropy Technologies LP purchased a new stake in The J. M. Smucker Company (NYSE:SJM) during the first quarter, HoldingsChannel.com reports. The firm purchased 38,197 shares of the company’s stock, valued at approximately $3,684,000.

Several other institutional investors also recently made changes to their positions in SJM. Golden State Wealth Management LLC increased its holdings in shares of J. M. Smucker by 10.2% during the 4th quarter. Golden State Wealth Management LLC now owns 991 shares of the company’s stock worth $97,000 after buying an additional 92 shares during the last quarter. Colonial Trust Advisors raised its position in shares of J. M. Smucker by 7.8% in the 4th quarter. Colonial Trust Advisors now owns 1,303 shares of the company’s stock worth $127,000 after buying an additional 94 shares during the period. Harbour Investments Inc. boosted its holdings in J. M. Smucker by 2.1% in the fourth quarter. Harbour Investments Inc. now owns 4,652 shares of the company’s stock valued at $455,000 after acquiring an additional 97 shares during the last quarter. Delta Asset Management LLC TN boosted its holdings in J. M. Smucker by 7.8% in the fourth quarter. Delta Asset Management LLC TN now owns 1,378 shares of the company’s stock valued at $135,000 after acquiring an additional 100 shares during the last quarter. Finally, New Mexico Educational Retirement Board grew its position in J. M. Smucker by 2.1% during the fourth quarter. New Mexico Educational Retirement Board now owns 4,922 shares of the company’s stock valued at $481,000 after acquiring an additional 100 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SJM has been the subject of several research analyst reports. Sanford C. Bernstein restated an “outperform” rating and set a $137.00 price target on shares of J. M. Smucker in a research note on Wednesday, June 10th. Wells Fargo & Company set a $115.00 price objective on J. M. Smucker in a research note on Wednesday, June 10th. BNP Paribas Exane set a $125.00 target price on J. M. Smucker in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $95.00 target price on shares of J. M. Smucker in a research report on Wednesday, May 20th. Finally, 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 report on Thursday, June 11th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $121.67.

Insider Buying and Selling

In related news, 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 transaction, the chief financial officer directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jill R. Penrose sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $116.69, for a total value of $583,450.00. Following the completion of the transaction, the insider owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. This represents a 24.04% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 18,533 shares of company stock valued at $2,132,914. Corporate insiders own 2.80% of the company’s stock.

J. M. Smucker Stock Up 2.2%

Shares of NYSE SJM opened at $118.31 on Friday. The stock has a fifty day moving average price of $109.88 and a 200 day moving average price of $104.71. The company has a current ratio of 0.78, a quick ratio of 0.33 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 company has a market cap of $12.62 billion, a P/E ratio of -91.01, a P/E/G ratio of 1.65 and a beta of 0.26.

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

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, August 14th. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s dividend payout ratio (DPR) is -338.46%.

J. M. Smucker Company 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.