Carlton Hofferkamp & Jenks Wealth Management LLC Has $302,000 Stock Holdings in The J. M. Smucker Company $SJM

Carlton Hofferkamp & Jenks Wealth Management LLC decreased its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 7.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,772 shares of the company’s stock after selling 230 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in J. M. Smucker were worth $302,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SJM. Robeco Institutional Asset Management B.V. lifted its holdings in J. M. Smucker by 4,906.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 613,910 shares of the company’s stock worth $60,286,000 after purchasing an additional 601,647 shares during the last quarter. Maverick Capital Ltd. acquired a new position in shares of J. M. Smucker during the first quarter worth approximately $64,125,000. LSV Asset Management lifted its holdings in shares of J. M. Smucker by 48.4% during the first quarter. LSV Asset Management now owns 1,379,320 shares of the company’s stock worth $163,325,000 after buying an additional 449,920 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of J. M. Smucker during the first quarter worth approximately $33,055,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of J. M. Smucker by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock worth $267,252,000 after buying an additional 248,110 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

Shares of SJM stock opened at $102.17 on Friday. The stock’s fifty day moving average is $107.90 and its 200-day moving average is $108.49. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The stock has a market capitalization of $10.90 billion, a PE ratio of -7.45, a PEG ratio of 7.08 and a beta of 0.25. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $125.42.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.05). The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.J. M. Smucker’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Equities research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal 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. This represents a $4.40 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, November 14th. J. M. Smucker’s dividend payout ratio is presently -32.09%.

Insider Activity at J. M. Smucker

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SJM. Morgan Stanley upped their price target on J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. JPMorgan Chase & Co. cut their target price on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating for the company in a research note on Thursday, August 28th. Royal Bank Of Canada assumed coverage on J. M. Smucker in a research note on Monday, July 7th. They issued an “outperform” rating and a $130.00 target price for the company. Zacks Research upgraded J. M. Smucker to a “hold” rating in a research note on Monday, August 11th. Finally, BNP Paribas upgraded J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, July 9th. 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. According to data from MarketBeat.com, J. M. Smucker has a consensus rating of “Moderate Buy” and a consensus price target of $118.38.

J. M. Smucker 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.