The J. M. Smucker Company $SJM Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lowered its position in The J. M. Smucker Company (NYSE:SJM) by 41.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 32,604 shares of the company’s stock after selling 23,398 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in J. M. Smucker were worth $3,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 valued at $96,553,000 after purchasing an additional 41,249 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of J. M. Smucker by 283.2% in the first quarter. Integrated Wealth Concepts LLC now owns 7,481 shares of the company’s stock valued at $886,000 after purchasing an additional 5,529 shares during the period. Swedbank AB increased its stake in shares of J. M. Smucker by 7.9% during the second quarter. Swedbank AB now owns 147,812 shares of the company’s stock valued at $14,515,000 after acquiring an additional 10,813 shares during the period. Costello Asset Management INC acquired a new position in shares of J. M. Smucker during the first quarter valued at approximately $50,000. Finally, Douglas Lane & Associates LLC increased its stake in shares of J. M. Smucker by 2.0% during the second quarter. Douglas Lane & Associates LLC now owns 308,401 shares of the company’s stock valued at $30,285,000 after acquiring an additional 6,051 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. DA Davidson raised their price objective on shares of J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Cfra Research upgraded shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. reduced their target price on shares of J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating for the company in a report on Thursday, August 28th. Stifel Nicolaus raised their target price on shares of J. M. Smucker from $110.00 to $115.00 and gave the stock a “hold” rating in a report on Friday. Finally, Morgan Stanley raised their target price on shares of J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. One equities 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 given a Sell rating to the stock. According to MarketBeat.com, J. M. Smucker has a consensus rating of “Moderate Buy” and a consensus price target of $118.38.

J. M. Smucker Stock Down 0.4%

SJM stock opened at $102.17 on Friday. The J. M. Smucker Company has a 12-month low of $93.30 and a 12-month high of $125.42. 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 $10.90 billion, a price-to-earnings ratio of -7.45, a PEG ratio of 7.05 and a beta of 0.25. The company has a 50 day moving average of $107.90 and a two-hundred day moving average of $108.48.

J. M. Smucker (NYSE:SJM) last released 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 positive return on equity of 15.41% and a negative net margin of 16.75%.The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the company earned $2.44 EPS. 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, equities analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

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

Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.24% of the stock is currently owned by insiders.

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.