Sumitomo Mitsui Trust Group Inc. Trims Position in The J. M. Smucker Company $SJM

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 78.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,193 shares of the company’s stock after selling 200,907 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in J. M. Smucker were worth $5,226,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Staley Capital Advisers Inc. increased its stake in shares of J. M. Smucker by 17.2% in the first quarter. Staley Capital Advisers Inc. now owns 637,660 shares of the company’s stock worth $61,496,000 after acquiring an additional 93,808 shares during the period. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in J. M. Smucker during the 1st quarter worth about $341,000. Stephens Inc. AR raised its stake in shares of J. M. Smucker by 6.2% during the 1st quarter. Stephens Inc. AR now owns 3,491 shares of the company’s stock valued at $337,000 after buying an additional 204 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of J. M. Smucker during the 1st quarter valued at about $255,000. Finally, Praxis Investment Management Inc. lifted its holdings in shares of J. M. Smucker by 74.3% in the 1st quarter. Praxis Investment Management Inc. now owns 4,271 shares of the company’s stock valued at $412,000 after buying an additional 1,821 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SJM shares. Stifel Nicolaus lowered their target price on 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. Wells Fargo & Company set a $115.00 price target on shares of J. M. Smucker in a report on Wednesday, June 10th. BNP Paribas Exane set a $125.00 price objective on shares of J. M. Smucker in a report on Thursday, April 9th. Morgan Stanley upped their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. Finally, BTIG Research set a $130.00 target price on J. M. Smucker in a research report on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $121.13.

J. M. Smucker Trading Down 1.5%

Shares of J. M. Smucker stock opened at $108.84 on Wednesday. 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 twelve month low of $88.25 and a twelve month high of $119.39. The firm has a market capitalization of $11.61 billion, a PE ratio of -83.73, a P/E/G ratio of 1.54 and a beta of 0.26. The firm’s 50-day moving average price is $107.49 and its 200 day moving average price is $103.86.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, May 15th. J. M. Smucker’s dividend payout ratio is currently -338.46%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 3,630 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total value of $403,111.50. Following the transaction, the chief financial officer owned 38,699 shares in the company, valued at approximately $4,297,523.95. This trade represents a 8.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jill R. Penrose sold 5,000 shares of J. M. Smucker stock in a transaction on Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the sale, the insider directly owned 15,795 shares in the company, valued at approximately $1,843,118.55. This trade represents a 24.04% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 18,533 shares of company stock worth $2,132,914. Corporate insiders own 2.80% of the company’s stock.

J. M. Smucker 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.