The J. M. Smucker Company $SJM Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. reduced its holdings in The J. M. Smucker Company (NYSE:SJM) by 27.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,450 shares of the company’s stock after selling 940 shares during the quarter. Praxis Investment Management Inc.’s holdings in J. M. Smucker were worth $241,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Hourglass Capital LLC lifted its holdings in shares of J. M. Smucker by 7.1% in the 2nd quarter. Hourglass Capital LLC now owns 51,110 shares of the company’s stock valued at $5,019,000 after buying an additional 3,400 shares during the period. Mutual Advisors LLC acquired a new stake in shares of J. M. Smucker in the 2nd quarter valued at approximately $293,000. Generali Asset Management SPA SGR lifted its holdings in shares of J. M. Smucker by 101.0% in the 2nd quarter. Generali Asset Management SPA SGR now owns 18,288 shares of the company’s stock valued at $1,796,000 after buying an additional 9,188 shares during the period. Harbour Investments Inc. lifted its holdings in shares of J. M. Smucker by 13.4% in the 2nd quarter. Harbour Investments Inc. now owns 4,860 shares of the company’s stock valued at $477,000 after buying an additional 574 shares during the period. Finally, Bayforest Capital Ltd acquired a new stake in shares of J. M. Smucker in the 2nd quarter valued at approximately $245,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SJM has been the subject of several research reports. Zacks Research raised J. M. Smucker to a “hold” rating in a report on Monday, August 11th. Cfra Research raised J. M. Smucker from a “hold” rating to a “moderate buy” rating in a report on Wednesday, August 27th. DA Davidson lifted their price objective on J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Morgan Stanley lifted their price objective on J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Finally, BNP Paribas Exane raised J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 price objective for the company in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $105.39 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The stock has a fifty day moving average of $108.66 and a two-hundred day moving average of $108.73. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of -7.69, a PEG ratio of 7.26 and a beta of 0.25. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42.

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

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction 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 of the company’s stock, valued at $3,661,037.04. The trade was a 24.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.24% of the stock is currently owned by corporate 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.