Securian Asset Management Inc. Sells 100 Shares of The J. M. Smucker Company $SJM

Securian Asset Management Inc. lessened its stake in The J. M. Smucker Company (NYSE:SJM) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,477 shares of the company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in J. M. Smucker were worth $538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Tortoise Investment Management LLC increased its holdings in J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Forum Financial Management LP increased its holdings in J. M. Smucker by 3.9% in the first quarter. Forum Financial Management LP now owns 3,113 shares of the company’s stock valued at $369,000 after purchasing an additional 116 shares during the last quarter. SouthState Corp increased its holdings in shares of J. M. Smucker by 6.4% in the first quarter. SouthState Corp now owns 1,976 shares of the company’s stock worth $234,000 after acquiring an additional 118 shares in the last quarter. Sit Investment Associates Inc. increased its holdings in shares of J. M. Smucker by 15.4% in the first quarter. Sit Investment Associates Inc. now owns 900 shares of the company’s stock worth $107,000 after acquiring an additional 120 shares in the last quarter. Finally, Smithfield Trust Co increased its holdings in shares of J. M. Smucker by 8.5% in the first quarter. Smithfield Trust Co now owns 1,615 shares of the company’s stock worth $191,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.4%

NYSE:SJM opened at $102.17 on Friday. 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 company has a market cap 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. The stock has a 50-day simple moving average of $107.90 and a 200 day simple moving average of $108.49.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data 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 positive return on equity of 15.41% and a negative net margin of 16.75%.The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the business posted $2.44 earnings per share. The firm’s quarterly 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, sell-side analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SJM shares. Barclays restated an “equal weight” rating and issued a $105.00 price target on shares of J. M. Smucker in a report on Friday, August 29th. Cfra Research upgraded J. M. Smucker from a “hold” rating to a “moderate buy” rating in a report on Wednesday, August 27th. UBS Group lowered their price target on J. M. Smucker from $130.00 to $121.00 and set a “buy” rating for the company in a report on Thursday, August 28th. Bank of America lowered their price target on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, August 28th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $118.38.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the firm’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 transaction, the chief financial officer directly owned 33,864 shares in the company, valued at $3,661,037.04. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.24% of the stock is currently owned by corporate insiders.

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.