Signaturefd LLC Sells 103 Shares of The J. M. Smucker Company $SJM

Signaturefd LLC trimmed its position in shares of The J. M. Smucker Company (NYSE:SJM) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,186 shares of the company’s stock after selling 103 shares during the quarter. Signaturefd LLC’s holdings in J. M. Smucker were worth $116,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State of Alaska Department of Revenue lifted its holdings in J. M. Smucker by 38.1% during the second quarter. State of Alaska Department of Revenue now owns 28,948 shares of the company’s stock worth $2,842,000 after acquiring an additional 7,980 shares in the last quarter. Patton Fund Management Inc. bought a new position in shares of J. M. Smucker during the 2nd quarter valued at about $203,000. ST Germain D J Co. Inc. grew its position in shares of J. M. Smucker by 55.9% in the 2nd quarter. ST Germain D J Co. Inc. now owns 697 shares of the company’s stock valued at $68,000 after purchasing an additional 250 shares during the period. Meyer Handelman Co. increased its stake in J. M. Smucker by 13.2% during the 2nd quarter. Meyer Handelman Co. now owns 10,289 shares of the company’s stock worth $1,010,000 after purchasing an additional 1,202 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in J. M. Smucker by 432.3% during the 2nd quarter. TD Private Client Wealth LLC now owns 495 shares of the company’s stock worth $49,000 after buying an additional 402 shares during the period. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $108.19 on Friday. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of -7.89, a PEG ratio of 7.47 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 company has a 50-day simple moving average of $109.61 and a 200 day simple moving average of $109.47.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate 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 positive return on equity of 15.41% and a negative net margin of 16.75%.The company’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, sell-side analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $1.10 per share. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.08. This represents a $4.40 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, August 15th. J. M. Smucker’s payout ratio is -32.09%.

Analyst Ratings Changes

SJM has been the subject of several research reports. Jefferies Financial Group raised shares of J. M. Smucker from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $118.00 to $115.00 in a research report on Wednesday, June 11th. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research note on Saturday, September 27th. Bank of America reduced their price objective on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday, August 28th. Wells Fargo & Company lifted their target price on J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Finally, JPMorgan Chase & Co. reduced their price target on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating for the company in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction that occurred on 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 owned 33,864 shares in the company, valued at $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.24% of the stock is owned by company insiders.

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.