Hsbc Holdings PLC Reduces Stock Position in The J. M. Smucker Company $SJM

Hsbc Holdings PLC lowered its stake in The J. M. Smucker Company (NYSE:SJM) by 24.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,492 shares of the company’s stock after selling 51,593 shares during the period. Hsbc Holdings PLC’s holdings in J. M. Smucker were worth $15,912,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC bought a new position in shares of J. M. Smucker during the 4th quarter valued at approximately $25,000. CYBER HORNET ETFs LLC purchased a new stake in J. M. Smucker during the 2nd quarter valued at $27,000. Fideuram Asset Management Ireland dac bought a new stake in J. M. Smucker in the fourth quarter worth $32,000. MCF Advisors LLC lifted its position in J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after buying an additional 126 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in J. M. Smucker during the second quarter worth $31,000. 81.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SJM has been the topic of several analyst reports. Barclays upped their price target on shares of J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, June 11th. JPMorgan Chase & Co. increased their price target on J. M. Smucker from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Wall Street Zen upgraded J. M. Smucker from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. BNP Paribas Exane set a $125.00 price objective on J. M. Smucker in a research report on Thursday, April 9th. Finally, Morgan Stanley increased their target price on J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and an average price target of $121.13.

J. M. Smucker Stock Up 0.6%

NYSE:SJM opened at $112.30 on Friday. The J. M. Smucker Company has a 1-year low of $88.25 and a 1-year high of $119.39. The company has a 50-day moving average of $103.01 and a 200 day moving average of $102.65. The firm has a market cap of $11.98 billion, a PE ratio of -86.38, a price-to-earnings-growth ratio of 1.56 and a beta of 0.27. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33.

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

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $1.10 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 3.9%. J. M. Smucker’s dividend payout ratio (DPR) is -338.46%.

Insider Activity

In other news, CFO Tucker H. Marshall sold 3,630 shares of J. M. Smucker stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total transaction of $403,111.50. Following the completion of the sale, the chief financial officer directly owned 38,699 shares in the company, valued at approximately $4,297,523.95. The trade was a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeannette L. Knudsen sold 5,550 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $116.29, for a total value of $645,409.50. Following the sale, the insider owned 16,039 shares in the company, valued at approximately $1,865,175.31. The trade was a 25.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.24% of the stock is currently owned by company insiders.

J. M. Smucker Company Profile

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.