Balyasny Asset Management L.P. Sells 346,185 Shares of The J. M. Smucker Company $SJM

Balyasny Asset Management L.P. lessened its holdings in The J. M. Smucker Company (NYSE:SJM) by 17.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,583,041 shares of the company’s stock after selling 346,185 shares during the period. Balyasny Asset Management L.P.’s holdings in J. M. Smucker were worth $154,837,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SJM. CYBER HORNET ETFs LLC bought a new position in J. M. Smucker in the 2nd quarter valued at $27,000. MCF Advisors LLC grew its position in J. M. Smucker by 68.1% in the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after acquiring an additional 126 shares during the last quarter. MUFG Securities EMEA plc bought a new position in J. M. Smucker in the 2nd quarter valued at $31,000. Fideuram Asset Management Ireland dac bought a new position in J. M. Smucker in the 4th quarter valued at $32,000. Finally, Hilton Head Capital Partners LLC bought a new position in J. M. Smucker in the 4th quarter valued at $42,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Down 2.7%

Shares of NYSE SJM opened at $112.87 on Thursday. 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 stock has a market capitalization of $12.04 billion, a P/E ratio of -86.82, a price-to-earnings-growth ratio of 1.62 and a beta of 0.27. The J. M. Smucker Company has a 1-year low of $88.25 and a 1-year high of $119.39. The business has a fifty day moving average price of $100.80 and a 200 day moving average price of $102.25.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. The firm had revenue of $2.27 billion during 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%.The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Equities research analysts expect that The J. M. Smucker Company will post 9.95 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, May 15th. J. M. Smucker’s dividend payout ratio is -338.46%.

Analyst Upgrades and Downgrades

SJM has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on J. M. Smucker from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Wall Street Zen raised J. M. Smucker from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $137.00 price objective on shares of J. M. Smucker in a research report on Wednesday, June 10th. Royal Bank Of Canada upped their price objective on J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, BNP Paribas Exane set a $125.00 price objective on J. M. Smucker in a research report on Thursday, April 9th. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and an average target price of $121.13.

Insider Buying and Selling at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 5,550 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $116.29, for a total transaction of $645,409.50. Following the completion of the sale, the insider directly owned 16,039 shares in the company, valued at $1,865,175.31. This represents a 25.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.24% of the stock is owned by company insiders.

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.