Edmp Inc. Decreases Stock Holdings in The J. M. Smucker Company $SJM

Edmp Inc. cut its position in The J. M. Smucker Company (NYSE:SJM) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,869 shares of the company’s stock after selling 229 shares during the period. Edmp Inc.’s holdings in J. M. Smucker were worth $1,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SJM. Farther Finance Advisors LLC increased its stake in shares of J. M. Smucker by 113.5% in the first quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company’s stock worth $346,000 after purchasing an additional 1,554 shares in the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of J. M. Smucker in the first quarter worth $240,000. Janney Montgomery Scott LLC increased its stake in shares of J. M. Smucker by 4.8% in the first quarter. Janney Montgomery Scott LLC now owns 110,547 shares of the company’s stock worth $13,090,000 after purchasing an additional 5,039 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of J. M. Smucker by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 20,968 shares of the company’s stock worth $2,482,000 after purchasing an additional 335 shares in the last quarter. Finally, Global X Japan Co. Ltd. increased its stake in shares of J. M. Smucker by 31.3% in the first quarter. Global X Japan Co. Ltd. now owns 5,838 shares of the company’s stock worth $691,000 after purchasing an additional 1,393 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $101.50 on Tuesday. The firm has a 50-day moving average price of $109.16 and a 200-day moving average price of $109.14. The firm has a market capitalization of $10.83 billion, a PE ratio of -7.40, a price-to-earnings-growth ratio of 7.23 and a beta of 0.25. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The J. M. Smucker Company has a 12-month low of $93.30 and a 12-month high of $125.42.

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

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, August 15th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.08. J. M. Smucker’s dividend payout ratio (DPR) is -32.09%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SJM. DA Davidson raised their target price on shares of J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. BNP Paribas Exane raised shares of J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 target price for the company in a research note on Wednesday, July 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, October 8th. Barclays reiterated an “equal weight” rating and set a $105.00 price objective on shares of J. M. Smucker in a research report on Friday, August 29th. Finally, Bank of America lowered their price objective on shares of J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction dated 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 trade represents a 24.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.24% of the stock is owned by insiders.

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.