SG Americas Securities LLC Sells 358,679 Shares of The J. M. Smucker Company $SJM

SG Americas Securities LLC cut its stake in The J. M. Smucker Company (NYSE:SJM) by 91.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,599 shares of the company’s stock after selling 358,679 shares during the period. SG Americas Securities LLC’s holdings in J. M. Smucker were worth $3,433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UBS Group AG grew its stake in J. M. Smucker by 238.7% in the 4th quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock worth $383,834,000 after acquiring an additional 2,765,559 shares in the last quarter. Two Sigma Investments LP grew its stake in J. M. Smucker by 6,854.4% in the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after purchasing an additional 1,505,991 shares in the last quarter. National Bank of Canada FI increased its holdings in J. M. Smucker by 797.4% during the 3rd quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock worth $152,167,000 after purchasing an additional 1,245,035 shares during the period. Capitolis Liquid Global Markets LLC bought a new stake in J. M. Smucker during the 3rd quarter valued at $112,944,000. Finally, Norges Bank bought a new stake in J. M. Smucker during the 4th quarter valued at $92,960,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $112.63 on Wednesday. The company has a market capitalization of $12.01 billion, a PE ratio of -86.64, a P/E/G ratio of 1.62 and a beta of 0.27. The company has a 50-day simple moving average of $104.23 and a two-hundred day simple moving average of $102.96. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $119.39. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the business earned $2.31 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Research analysts expect that The J. M. Smucker Company will post 9.96 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, May 15th. J. M. Smucker’s dividend payout ratio (DPR) is -338.46%.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 3,630 shares of J. M. Smucker stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill R. Penrose sold 5,000 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 15,795 shares in the company, valued at approximately $1,843,118.55. The trade was a 24.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 18,533 shares of company stock valued at $2,132,914. 2.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

SJM has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $95.00 price target on shares of J. M. Smucker in a research report on Wednesday, May 20th. Morgan Stanley lifted their price objective on J. M. Smucker from $106.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th. BTIG Research set a $130.00 price objective on shares of J. M. Smucker in a research note on Wednesday, June 10th. BNP Paribas Exane set a $125.00 target price on shares of J. M. Smucker in a report on Thursday, April 9th. Finally, Stifel Nicolaus cut their target price on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, April 21st. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $121.13.

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.