KBC Group NV Cuts Stock Position in The J. M. Smucker Company $SJM

KBC Group NV lessened its position in shares of The J. M. Smucker Company (NYSE:SJM) by 57.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,123 shares of the company’s stock after selling 8,381 shares during the quarter. KBC Group NV’s holdings in J. M. Smucker were worth $591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC purchased a new position in J. M. Smucker in the fourth quarter worth $25,000. CYBER HORNET ETFs LLC purchased a new stake in shares of J. M. Smucker during the 2nd quarter valued at $27,000. MCF Advisors LLC boosted its position in shares of J. M. Smucker by 68.1% in the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after purchasing an additional 126 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in J. M. Smucker during the 2nd quarter worth $31,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in J. M. Smucker during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $118.31 on Friday. The business’s 50 day moving average price is $109.88 and its 200 day moving average price is $104.71. The firm has a market cap of $12.62 billion, a P/E ratio of -91.01, a P/E/G ratio of 1.65 and a beta of 0.26. 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 quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the firm posted $2.31 EPS. J. M. Smucker’s revenue for the quarter was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, sell-side analysts expect that The J. M. Smucker Company will post 9.95 earnings per share for the current year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.8%. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Friday, August 14th. J. M. Smucker’s dividend payout ratio is -338.46%.

Analyst Ratings Changes

A number of research firms have commented on SJM. Sanford C. Bernstein reiterated an “outperform” rating and issued a $137.00 price target on shares of J. M. Smucker in a research note on Wednesday, June 10th. Royal Bank Of Canada upped their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded shares of J. M. Smucker from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Barclays boosted their target price on shares of 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. Finally, BNP Paribas Exane set a $125.00 price objective on shares of J. M. Smucker in a report on Thursday, April 9th. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $121.67.

Insider Activity 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 dated Thursday, June 11th. The stock was sold at an average price of $116.29, for a total transaction of $645,409.50. Following the completion of the transaction, the insider owned 16,039 shares in the company, valued at approximately $1,865,175.31. This trade represents a 25.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Tucker H. Marshall sold 3,630 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total value of $403,111.50. Following the completion of the transaction, the chief financial officer directly owned 38,699 shares of the company’s stock, valued at approximately $4,297,523.95. This trade represents a 8.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,533 shares of company stock worth $2,132,914 over the last three months. Company insiders own 2.80% 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.