Pensionfund Sabic Sells 2,000 Shares of The J. M. Smucker Company $SJM

Pensionfund Sabic lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 16.3% during the 1st quarter, Holdings Channel reports. The firm owned 10,300 shares of the company’s stock after selling 2,000 shares during the period. Pensionfund Sabic’s holdings in J. M. Smucker were worth $1,220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Strs Ohio bought a new stake in J. M. Smucker during the 1st quarter valued at approximately $2,243,000. Advisors Capital Management LLC increased its stake in J. M. Smucker by 7.4% in the 1st quarter. Advisors Capital Management LLC now owns 254,483 shares of the company’s stock worth $30,133,000 after acquiring an additional 17,539 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in J. M. Smucker by 14.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,378 shares of the company’s stock worth $163,000 after acquiring an additional 179 shares during the last quarter. Ransom Advisory Ltd bought a new stake in J. M. Smucker in the 1st quarter worth approximately $47,000. Finally, Anchor Investment Management LLC increased its stake in J. M. Smucker by 3.7% in the 1st quarter. Anchor Investment Management LLC now owns 17,037 shares of the company’s stock worth $2,017,000 after acquiring an additional 607 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SJM. UBS Group reduced their price objective on J. M. Smucker from $130.00 to $121.00 and set a “buy” rating on the stock in a research note on Thursday, August 28th. Zacks Research upgraded J. M. Smucker to a “hold” rating in a report on Monday, August 11th. Bank of America dropped their target price on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, August 28th. Jefferies Financial Group upgraded J. M. Smucker from a “hold” rating to a “buy” rating and dropped their target price for the stock from $118.00 to $115.00 in a report on Wednesday, June 11th. Finally, Stifel Nicolaus lifted their target price on J. M. Smucker from $106.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

J. M. Smucker Price Performance

Shares of SJM stock opened at $107.92 on Friday. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of -7.87, a P/E/G ratio of 7.65 and a beta of 0.27. The stock has a fifty day simple moving average of $109.24 and a two-hundred day simple moving average of $109.94. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.05). J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the company posted $2.44 earnings per share. J. M. Smucker’s quarterly revenue was down .6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, 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. Shareholders of record on Friday, August 15th were issued a $1.10 dividend. The ex-dividend date was Friday, August 15th. This represents a $4.40 annualized dividend and a dividend yield of 4.1%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.08. J. M. Smucker’s dividend payout ratio (DPR) is currently -32.09%.

About J. M. Smucker

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.