The J. M. Smucker Company $SJM Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC lowered its position in The J. M. Smucker Company (NYSE:SJM) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 175,759 shares of the company’s stock after selling 4,501 shares during the quarter. Lazard Asset Management LLC owned approximately 0.16% of J. M. Smucker worth $16,950,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Garton & Associates Financial Advisors LLC acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at $25,000. CYBER HORNET ETFs LLC acquired a new position in shares of J. M. Smucker during the second quarter worth $27,000. MCF Advisors LLC increased its holdings in J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after buying an additional 126 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in J. M. Smucker in the second quarter valued at $31,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in J. M. Smucker in the fourth quarter valued at $32,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 5,000 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $116.69, for a total transaction of $583,450.00. Following the transaction, the insider directly owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. This trade represents a 24.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Tucker H. Marshall sold 3,630 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were 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. Insiders sold a total of 18,533 shares of company stock worth $2,132,914 in the last 90 days. 2.80% of the stock is owned by insiders.

J. M. Smucker Stock Up 2.9%

J. M. Smucker stock opened at $126.57 on Thursday. The company has a market capitalization of $13.50 billion, a P/E ratio of -97.36, a PEG ratio of 1.72 and a beta of 0.26. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78. The J. M. Smucker Company has a fifty-two week low of $88.25 and a fifty-two week high of $127.65. The stock has a 50-day simple moving average of $111.16 and a 200-day simple moving average of $105.36.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the business posted $2.31 EPS. The firm’s quarterly 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. Equities research analysts expect that The J. M. Smucker Company will post 9.95 earnings per share for the current year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s dividend payout ratio is presently -338.46%.

Analyst Ratings Changes

A number of research firms have recently commented on SJM. Evercore reiterated an “outperform” rating and issued a $125.00 price objective on shares of J. M. Smucker in a report on Thursday, July 23rd. Wall Street Zen downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Morgan Stanley raised their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $95.00 price objective on shares of J. M. Smucker in a research report on Wednesday, May 20th. Finally, Barclays upped their target price on shares of J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, June 11th. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $121.67.

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.