Sequoia Financial Advisors LLC Sells 4,928 Shares of The J. M. Smucker Company $SJM

Sequoia Financial Advisors LLC trimmed its position in The J. M. Smucker Company (NYSE:SJM) by 34.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,426 shares of the company’s stock after selling 4,928 shares during the period. Sequoia Financial Advisors LLC’s holdings in J. M. Smucker were worth $909,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its stake in J. M. Smucker by 10.2% in the 4th quarter. Golden State Wealth Management LLC now owns 991 shares of the company’s stock worth $97,000 after purchasing an additional 92 shares in the last quarter. Colonial Trust Advisors grew its holdings in J. M. Smucker by 7.8% during the fourth quarter. Colonial Trust Advisors now owns 1,303 shares of the company’s stock worth $127,000 after acquiring an additional 94 shares during the period. Harbour Investments Inc. grew its stake in shares of J. M. Smucker by 2.1% during the 4th quarter. Harbour Investments Inc. now owns 4,652 shares of the company’s stock worth $455,000 after purchasing an additional 97 shares during the period. Delta Asset Management LLC TN increased its holdings in J. M. Smucker by 7.8% in the fourth quarter. Delta Asset Management LLC TN now owns 1,378 shares of the company’s stock valued at $135,000 after buying an additional 100 shares in the last quarter. Finally, New Mexico Educational Retirement Board increased its stake in shares of J. M. Smucker by 2.1% in the 4th quarter. New Mexico Educational Retirement Board now owns 4,922 shares of the company’s stock valued at $481,000 after purchasing an additional 100 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Jill R. Penrose sold 5,000 shares of J. M. Smucker stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the completion of the sale, the insider owned 15,795 shares in the company, valued at approximately $1,843,118.55. This trade represents a 24.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Tucker H. Marshall sold 3,630 shares of J. M. Smucker stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total transaction of $403,111.50. Following the completion of the sale, the chief financial officer directly owned 38,699 shares of the company’s stock, valued at $4,297,523.95. The trade was a 8.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 18,533 shares of company stock valued at $2,132,914. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SJM. Sanford C. Bernstein restated an “outperform” rating and set a $137.00 price target on shares of J. M. Smucker in a research report on Wednesday, June 10th. Barclays boosted their price target on shares of J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $95.00 price objective on shares of J. M. Smucker in a research report on Wednesday, May 20th. Stifel Nicolaus decreased their price objective on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada boosted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and an average price target of $121.13.

J. M. Smucker Stock Performance

Shares of SJM opened at $111.95 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15. The firm has a market cap of $11.94 billion, a PE ratio of -86.12, a price-to-earnings-growth ratio of 1.59 and a beta of 0.26. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $119.39. The company’s 50 day simple moving average is $108.28 and its 200-day simple moving average is $104.08.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the company earned $2.31 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, equities analysts predict that The J. M. Smucker Company will post 9.95 EPS for the current year.

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.