Keybank National Association OH Reduces Stock Position in The J. M. Smucker Company $SJM

Keybank National Association OH lessened its holdings in The J. M. Smucker Company (NYSE:SJM) by 4.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 29,452 shares of the company’s stock after selling 1,493 shares during the quarter. Keybank National Association OH’s holdings in J. M. Smucker were worth $2,892,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Amalgamated Bank grew its holdings in shares of J. M. Smucker by 1.5% during the first quarter. Amalgamated Bank now owns 20,714 shares of the company’s stock worth $2,453,000 after purchasing an additional 299 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of J. M. Smucker by 34.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,237 shares of the company’s stock worth $1,804,000 after purchasing an additional 3,897 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of J. M. Smucker by 43.5% during the first quarter. Private Trust Co. NA now owns 1,208 shares of the company’s stock worth $143,000 after purchasing an additional 366 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of J. M. Smucker during the first quarter worth about $1,842,000. Finally, Aviance Capital Partners LLC grew its holdings in shares of J. M. Smucker by 20.2% during the first quarter. Aviance Capital Partners LLC now owns 4,092 shares of the company’s stock worth $485,000 after purchasing an additional 688 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Activity

In other news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction 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. This trade represents a 24.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.24% of the company’s stock.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $103.46 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. The company has a market cap of $11.04 billion, a P/E ratio of -7.55, a PEG ratio of 6.97 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. The company has a 50-day moving average price of $106.98 and a 200 day moving average price of $107.99.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 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 firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the business earned $2.44 EPS. J. M. Smucker’s revenue for the quarter was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, November 14th. J. M. Smucker’s dividend payout ratio (DPR) is presently -32.09%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. BNP Paribas Exane raised J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a report on Wednesday, July 9th. Barclays reissued an “equal weight” rating and set a $105.00 price target on shares of J. M. Smucker in a report on Friday, August 29th. UBS Group lowered their price target on J. M. Smucker from $130.00 to $121.00 and set a “buy” rating on the stock in a report on Thursday, August 28th. 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 report on Thursday, August 28th. Finally, BNP Paribas raised J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.