Sumitomo Mitsui Trust Group Inc. Has $30.54 Million Holdings in The J. M. Smucker Company $SJM

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 6.4% during the second quarter, Holdings Channel.com reports. The firm owned 311,013 shares of the company’s stock after selling 21,369 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in J. M. Smucker were worth $30,541,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SJM. Tortoise Investment Management LLC lifted its holdings in shares of J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Nova Wealth Management Inc. acquired a new position in shares of J. M. Smucker during the second quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of J. M. Smucker during the first quarter worth $30,000. Cooksen Wealth LLC acquired a new position in shares of J. M. Smucker during the first quarter worth $33,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of J. M. Smucker during the second quarter worth $39,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 11,139 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the transaction, the chief financial officer directly owned 33,864 shares in the company, valued at approximately $3,661,037.04. The trade was a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America lowered their target price on shares of J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, August 28th. Zacks Research raised shares of J. M. Smucker to a “hold” rating in a research note on Monday, August 11th. Stifel Nicolaus lifted their target price on shares of J. M. Smucker from $110.00 to $115.00 and gave the stock a “hold” rating in a research note on Friday. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, October 8th. Finally, Argus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $118.38.

J. M. Smucker Price Performance

SJM stock opened at $104.86 on Wednesday. The company has a market capitalization of $11.19 billion, a P/E ratio of -7.65, a price-to-earnings-growth ratio of 7.22 and a beta of 0.25. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. The business has a 50-day simple moving average of $107.62 and a two-hundred day simple moving average of $108.29.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. J. M. Smucker’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, November 14th. This represents a $4.40 annualized dividend and a yield of 4.2%. J. M. Smucker’s payout ratio is -32.09%.

J. M. Smucker Company Profile

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.