Rep. Jefferson Shreve Sells Off The J. M. Smucker Company (NYSE:SJM) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of The J. M. Smucker Company (NYSE:SJM). In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in J. M. Smucker stock on May 12th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Hubbell (NYSE:HUBB) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Trane Technologies (NYSE:TT) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of NiSource (NYSE:NI) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Johnson & Johnson (NYSE:JNJ) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of AppLovin (NASDAQ:APP) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Fiserv (NYSE:FI) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of CNO Financial Group (NYSE:CNO) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Cboe Global Markets (NASDAQ:CBOE) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Lam Research (NASDAQ:LRCX) on 5/12/2025.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $108.16 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The company’s 50-day moving average is $104.58 and its 200 day moving average is $108.66. The stock has a market capitalization of $11.52 billion, a P/E ratio of -9.36, a P/E/G ratio of 8.16 and a beta of 0.31.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.06. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.18 billion. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.66 earnings per share. On average, sell-side analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a $1.10 dividend. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, August 15th. This represents a $4.40 annualized dividend and a yield of 4.1%. J. M. Smucker’s dividend payout ratio (DPR) is currently -37.37%.

Institutional Trading of J. M. Smucker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SJM. Norges Bank purchased a new position in shares of J. M. Smucker during the 4th quarter valued at about $112,978,000. LSV Asset Management raised its stake in J. M. Smucker by 3,599.5% during the 4th quarter. LSV Asset Management now owns 929,400 shares of the company’s stock worth $102,346,000 after acquiring an additional 904,278 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in J. M. Smucker by 4,906.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 613,910 shares of the company’s stock valued at $60,286,000 after purchasing an additional 601,647 shares in the last quarter. Maverick Capital Ltd. purchased a new position in J. M. Smucker during the first quarter valued at approximately $64,125,000. Finally, Two Sigma Advisers LP boosted its position in shares of J. M. Smucker by 76.7% in the fourth quarter. Two Sigma Advisers LP now owns 1,078,892 shares of the company’s stock worth $118,808,000 after purchasing an additional 468,200 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Tarang Amin bought 1,050 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were bought at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the purchase, the director owned 3,825 shares in the company, valued at $367,544.25. This represents a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SJM has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of J. M. Smucker from $134.00 to $129.00 and set a “buy” rating on the stock in a report on Friday, June 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $124.00 price target (up from $123.00) on shares of J. M. Smucker in a report on Friday, June 6th. Barclays dropped their price objective on J. M. Smucker from $119.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 11th. Bank of America decreased their target price on J. M. Smucker from $118.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, June 11th. Finally, BNP Paribas raised shares of J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, July 9th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.67.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.