Johnson Investment Counsel Inc. Decreases Stock Position in The J. M. Smucker Company $SJM

Johnson Investment Counsel Inc. lessened its stake in The J. M. Smucker Company (NYSE:SJM) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,449 shares of the company’s stock after selling 566 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in J. M. Smucker were worth $1,223,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SJM. Robeco Institutional Asset Management B.V. raised its position in shares of J. M. Smucker by 4,906.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 613,910 shares of the company’s stock valued at $60,286,000 after purchasing an additional 601,647 shares in the last quarter. Maverick Capital Ltd. bought a new position in J. M. Smucker during the 1st quarter worth $64,125,000. LSV Asset Management grew its stake in shares of J. M. Smucker by 48.4% in the first quarter. LSV Asset Management now owns 1,379,320 shares of the company’s stock worth $163,325,000 after purchasing an additional 449,920 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of J. M. Smucker in the first quarter worth $33,055,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of J. M. Smucker by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock worth $267,252,000 after purchasing an additional 248,110 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

SJM opened at $102.48 on Wednesday. The firm has a market capitalization of $10.93 billion, a P/E ratio of -7.47, a price-to-earnings-growth ratio of 7.00 and a beta of 0.25. The stock’s 50 day moving average price is $109.01 and its two-hundred day moving average price is $109.09. The company has a quick ratio of 0.34, a current ratio of 0.81 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 analysts’ consensus estimates of $1.95 by ($0.05). The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the business earned $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, equities analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the sale, the chief financial officer owned 33,864 shares in the company, valued at approximately $3,661,037.04. This trade represents a 24.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SJM shares. Zacks Research raised J. M. Smucker to a “hold” rating in a research note on Monday, August 11th. Barclays reissued an “equal weight” rating and issued a $105.00 price objective on shares of J. M. Smucker in a research note on Friday, August 29th. Argus downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Friday, September 12th. BNP Paribas Exane raised J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 price target for the company in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company increased their price objective on J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, August 18th. One equities 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.00.

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.