The J. M. Smucker Company $SJM Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its stake in The J. M. Smucker Company (NYSE:SJM) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,700 shares of the company’s stock after selling 206 shares during the quarter. Asset Management One Co. Ltd. owned about 0.07% of J. M. Smucker worth $7,041,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in J. M. Smucker by 5.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 815,412 shares of the company’s stock worth $96,553,000 after acquiring an additional 41,249 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in J. M. Smucker by 283.2% in the first quarter. Integrated Wealth Concepts LLC now owns 7,481 shares of the company’s stock worth $886,000 after acquiring an additional 5,529 shares in the last quarter. Swedbank AB raised its position in J. M. Smucker by 7.9% in the second quarter. Swedbank AB now owns 147,812 shares of the company’s stock worth $14,515,000 after acquiring an additional 10,813 shares in the last quarter. Costello Asset Management INC bought a new stake in J. M. Smucker in the first quarter worth about $50,000. Finally, Douglas Lane & Associates LLC raised its position in J. M. Smucker by 2.0% in the second quarter. Douglas Lane & Associates LLC now owns 308,401 shares of the company’s stock worth $30,285,000 after acquiring an additional 6,051 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on SJM. Morgan Stanley boosted their price target on shares of J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Argus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Friday, September 12th. BNP Paribas upgraded shares of J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, July 9th. Bank of America cut their price objective on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, August 28th. Finally, Stifel Nicolaus boosted their price objective on J. M. Smucker from $110.00 to $115.00 and gave the stock a “hold” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $118.38.

J. M. Smucker Price Performance

Shares of SJM opened at $104.93 on Tuesday. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of -7.65, a P/E/G ratio of 7.05 and a beta of 0.25. 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 business’s 50-day moving average is $107.77 and its 200-day moving average is $108.36.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. J. M. Smucker’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 $1.10 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.2%. J. M. Smucker’s dividend payout ratio is currently -32.09%.

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.