Boston Partners Sells 481,561 Shares of The J. M. Smucker Company $SJM

Boston Partners lessened its holdings in The J. M. Smucker Company (NYSE:SJM) by 50.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 477,353 shares of the company’s stock after selling 481,561 shares during the quarter. Boston Partners owned 0.45% of J. M. Smucker worth $46,938,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SJM. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in J. M. Smucker by 5.4% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 244,749 shares of the company’s stock worth $24,034,000 after buying an additional 12,535 shares in the last quarter. Aviva PLC increased its position in shares of J. M. Smucker by 8.3% in the second quarter. Aviva PLC now owns 79,091 shares of the company’s stock valued at $7,767,000 after acquiring an additional 6,066 shares during the last quarter. AE Wealth Management LLC increased its position in shares of J. M. Smucker by 7.2% in the second quarter. AE Wealth Management LLC now owns 35,086 shares of the company’s stock valued at $3,446,000 after acquiring an additional 2,350 shares during the last quarter. Paradigm Asset Management Co. LLC bought a new stake in J. M. Smucker during the second quarter worth about $1,051,000. Finally, Wedbush Securities Inc. boosted its position in J. M. Smucker by 12.6% during the second quarter. Wedbush Securities Inc. now owns 8,755 shares of the company’s stock valued at $860,000 after purchasing an additional 981 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating on the stock in a research report on Thursday, August 28th. Argus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Friday, September 12th. Cfra Research raised shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, August 27th. Barclays reiterated an “equal weight” rating and issued a $105.00 price target on shares of J. M. Smucker in a research note on Friday, August 29th. Finally, Morgan Stanley boosted their price objective on shares of J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, J. M. Smucker presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.38.

J. M. Smucker Stock Up 1.3%

SJM stock opened at $109.89 on Thursday. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of -8.02, a PEG ratio of 6.97 and a beta of 0.24. The business’s fifty day moving average price is $106.44 and its two-hundred day moving average price is $107.43.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the firm posted $2.44 EPS. The company’s revenue was down .6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, equities analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. J. M. Smucker’s dividend payout ratio (DPR) is currently -32.09%.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 11,139 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the sale, the chief financial officer directly owned 33,864 shares in the company, valued at approximately $3,661,037.04. The trade was a 24.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.24% of the company’s stock.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.