Kinloch Capital LLC Trims Holdings in The J. M. Smucker Company $SJM

Kinloch Capital LLC trimmed its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 33.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,759 shares of the company’s stock after selling 10,145 shares during the quarter. Kinloch Capital LLC’s holdings in J. M. Smucker were worth $1,933,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. UBS Group AG grew its holdings in J. M. Smucker by 238.7% during the 4th quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after buying an additional 2,765,559 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of J. M. Smucker by 6,854.4% in the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after buying an additional 1,505,991 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of J. M. Smucker by 797.4% in the third quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock worth $152,167,000 after buying an additional 1,245,035 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new position in shares of J. M. Smucker in the third quarter valued at approximately $112,944,000. Finally, Norges Bank bought a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $92,960,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 1.8%

SJM stock opened at $110.93 on Friday. The company’s 50 day moving average is $101.13 and its 200 day moving average is $102.31. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of -85.33, a price-to-earnings-growth ratio of 1.58 and a beta of 0.27. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15. The J. M. Smucker Company has a 1-year low of $88.25 and a 1-year high of $119.39.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the business posted $2.31 earnings per share. J. M. Smucker’s revenue for the quarter was up 5.8% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Sell-side analysts predict that The J. M. Smucker Company will post 9.95 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, May 15th. J. M. Smucker’s payout ratio is currently -338.46%.

Insider Activity

In related news, insider Jeannette L. Knudsen sold 5,550 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $116.29, for a total value of $645,409.50. Following the completion of the transaction, the insider directly owned 16,039 shares in the company, valued at approximately $1,865,175.31. The trade was a 25.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SJM. TD Cowen upped their target price on shares of J. M. Smucker from $103.00 to $115.00 and gave the stock a “hold” rating in a report on Wednesday, June 10th. Weiss Ratings raised shares of J. M. Smucker from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. BTIG Research set a $130.00 price target on shares of J. M. Smucker in a research report on Wednesday, June 10th. Sanford C. Bernstein restated an “outperform” rating and set a $137.00 price target on shares of J. M. Smucker in a research report on Wednesday, June 10th. Finally, Bank of America upped their price target on shares of J. M. Smucker from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and a consensus target price of $121.13.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.