The J. M. Smucker Company $SJM Stock Holdings Lowered by Stance Capital LLC

Stance Capital LLC lessened its position in The J. M. Smucker Company (NYSE:SJM) by 17.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,105 shares of the company’s stock after selling 6,366 shares during the period. J. M. Smucker makes up 1.0% of Stance Capital LLC’s portfolio, making the stock its 28th biggest position. Stance Capital LLC’s holdings in J. M. Smucker were worth $2,847,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of J. M. Smucker by 10.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock valued at $2,286,000 after purchasing an additional 1,763 shares during the period. United Services Automobile Association bought a new position in J. M. Smucker in the 1st quarter worth approximately $253,000. Empowered Funds LLC increased its position in J. M. Smucker by 28.6% in the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock valued at $1,538,000 after acquiring an additional 2,889 shares during the period. Woodline Partners LP increased its position in J. M. Smucker by 40.7% in the 1st quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after acquiring an additional 2,600 shares during the period. Finally, American Century Companies Inc. raised its stake in J. M. Smucker by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock valued at $217,000 after acquiring an additional 138 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SJM shares. Barclays boosted their price target on J. M. Smucker from $103.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 11th. Evercore started coverage on shares of J. M. Smucker in a research note on Friday, May 15th. They set an “outperform” rating and a $117.00 price objective on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $137.00 price objective on shares of J. M. Smucker in a report on Wednesday, June 10th. Weiss Ratings upgraded shares of J. M. Smucker from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th. Finally, Stifel Nicolaus lowered their target price on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a research note on Tuesday, April 21st. 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, the stock has an average rating of “Hold” and a consensus target price of $121.13.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $110.93 on Friday. The J. M. Smucker Company has a 52 week low of $88.25 and a 52 week high of $119.39. 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 stock has a market cap of $11.83 billion, a PE ratio of -85.33, a price-to-earnings-growth ratio of 1.55 and a beta of 0.27. The company’s 50-day moving average price is $101.47 and its two-hundred day moving average price is $102.37.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.13. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, sell-side 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 announced a quarterly dividend, which was paid on Monday, June 1st. Investors 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 yield of 4.0%. The ex-dividend date was Friday, May 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently -338.46%.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 5,550 shares of J. M. Smucker stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.24% of the company’s stock.

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.