The J. M. Smucker Company $SJM Shares Sold by KBC Group NV

KBC Group NV cut its position in shares of The J. M. Smucker Company (NYSE:SJM) by 57.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,123 shares of the company’s stock after selling 8,381 shares during the quarter. KBC Group NV’s holdings in J. M. Smucker were worth $591,000 as of its most recent filing with the SEC.

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

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 3,630 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total value of $403,111.50. Following the transaction, the chief financial officer owned 38,699 shares in the company, valued at approximately $4,297,523.95. This trade represents a 8.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeannette L. Knudsen sold 5,550 shares of J. M. Smucker 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 sale, the insider directly owned 16,039 shares in the company, valued at approximately $1,865,175.31. This trade represents a 25.71% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 18,533 shares of company stock valued at $2,132,914. 2.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. UBS Group raised their price objective on J. M. Smucker from $121.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Wall Street Zen downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Saturday. Sanford C. Bernstein reiterated an “outperform” rating and set a $137.00 target price on shares of J. M. Smucker in a research report on Wednesday, June 10th. JPMorgan Chase & Co. lifted their price target on shares of J. M. Smucker from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Finally, Barclays boosted their price target on shares of J. M. Smucker from $103.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, June 11th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $121.67.

J. M. Smucker Trading Up 2.2%

SJM stock opened at $118.31 on Friday. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $119.39. The business’s 50-day moving average is $109.88 and its 200 day moving average is $104.71. 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 stock has a market cap of $12.62 billion, a price-to-earnings ratio of -91.01, a PEG ratio of 1.65 and a beta of 0.26.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. The business 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 business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, sell-side analysts anticipate that The J. M. Smucker Company will post 9.95 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a $1.12 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $4.48 annualized dividend and a yield of 3.8%. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s dividend payout ratio is currently -338.46%.

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.