The J. M. Smucker Company $SJM Position Trimmed by Nordea Investment Management AB

Nordea Investment Management AB trimmed its stake in The J. M. Smucker Company (NYSE:SJM) by 93.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,765 shares of the company’s stock after selling 1,717,002 shares during the quarter. Nordea Investment Management AB owned 0.11% of J. M. Smucker worth $12,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AlphaQuest LLC acquired a new position in J. M. Smucker in the 2nd quarter valued at approximately $26,000. Bank of Jackson Hole Trust grew its holdings in shares of J. M. Smucker by 104.5% during the 2nd quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock valued at $27,000 after acquiring an additional 140 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of J. M. Smucker in the second quarter worth $27,000. Elevation Point Wealth Partners LLC acquired a new position in shares of J. M. Smucker in the second quarter worth $28,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of J. M. Smucker during the second quarter worth $31,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on SJM shares. UBS Group lowered their target price on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Stifel Nicolaus lowered their price target on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Morgan Stanley downgraded J. M. Smucker from an “overweight” rating to an “equal weight” rating and set a $105.00 price objective on the stock. in a report on Friday. TD Cowen reduced their target price on shares of J. M. Smucker from $111.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $114.93.

J. M. Smucker Stock Up 0.5%

Shares of SJM stock opened at $104.83 on Friday. The stock’s 50 day simple moving average is $101.62 and its 200 day simple moving average is $105.35. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $121.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.89. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of -9.34, a PEG ratio of 7.10 and a beta of 0.23.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.02). J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business earned $2.76 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, November 14th. J. M. Smucker’s dividend payout ratio (DPR) is -39.22%.

About J. M. Smucker

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.