Blair William & Co. IL Sells 9,710 Shares of The J. M. Smucker Company $SJM

Blair William & Co. IL trimmed its position in The J. M. Smucker Company (NYSE:SJM) by 21.9% in the second quarter, Holdings Channel reports. The fund owned 34,664 shares of the company’s stock after selling 9,710 shares during the quarter. Blair William & Co. IL’s holdings in J. M. Smucker were worth $3,404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 valued at $96,553,000 after purchasing an additional 41,249 shares during the period. Integrated Wealth Concepts LLC increased its holdings 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 valued at $886,000 after purchasing an additional 5,529 shares during the period. Swedbank AB increased its holdings in J. M. Smucker by 7.9% in the second quarter. Swedbank AB now owns 147,812 shares of the company’s stock valued at $14,515,000 after purchasing an additional 10,813 shares during the period. Farther Finance Advisors LLC increased its holdings in J. M. Smucker by 113.5% in the first quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company’s stock valued at $346,000 after purchasing an additional 1,554 shares during the period. Finally, Costello Asset Management INC acquired a new stake in J. M. Smucker in the first quarter valued at $50,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of the firm’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 completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Barclays restated an “equal weight” rating and issued a $105.00 price objective on shares of J. M. Smucker in a report on Friday, August 29th. DA Davidson increased their price objective on J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. BNP Paribas upgraded J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, July 9th. Stifel Nicolaus increased their price target on J. M. Smucker from $106.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, July 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

J. M. Smucker Stock Performance

Shares of SJM opened at $101.50 on Tuesday. 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 stock has a 50-day moving average of $109.16 and a 200-day moving average of $109.14. The company has a market cap of $10.83 billion, a PE ratio of -7.40, a P/E/G ratio of 7.23 and a beta of 0.25. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $125.42.

J. M. Smucker (NYSE:SJM) last issued 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 firm 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%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, equities research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $1.10 dividend. The ex-dividend date was Friday, August 15th. This represents a $4.40 annualized dividend and a dividend yield of 4.3%. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.08. J. M. Smucker’s dividend payout ratio (DPR) is -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.