Mutual of America Capital Management LLC Decreases Position in The J. M. Smucker Company $SJM

Mutual of America Capital Management LLC reduced its stake in The J. M. Smucker Company (NYSE:SJM) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,208 shares of the company’s stock after selling 175 shares during the quarter. Mutual of America Capital Management LLC’s holdings in J. M. Smucker were worth $1,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SJM. Tortoise Investment Management LLC grew 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 buying an additional 100 shares in the last quarter. Forum Financial Management LP lifted its position in J. M. Smucker by 3.9% during the first quarter. Forum Financial Management LP now owns 3,113 shares of the company’s stock worth $369,000 after buying an additional 116 shares during the period. SouthState Corp lifted its position in J. M. Smucker by 6.4% during the first quarter. SouthState Corp now owns 1,976 shares of the company’s stock worth $234,000 after buying an additional 118 shares during the period. Sit Investment Associates Inc. lifted its position in J. M. Smucker by 15.4% during the first quarter. Sit Investment Associates Inc. now owns 900 shares of the company’s stock worth $107,000 after buying an additional 120 shares during the period. Finally, Smithfield Trust Co lifted its position in J. M. Smucker by 8.5% during the first quarter. Smithfield Trust Co now owns 1,615 shares of the company’s stock worth $191,000 after buying an additional 126 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Trading Down 0.4%

Shares of SJM stock opened at $102.17 on Monday. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of -7.45, a price-to-earnings-growth ratio of 7.05 and a beta of 0.25. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The firm’s 50 day moving average price is $107.90 and its two-hundred day moving average price is $108.43.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). The business 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%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, November 14th. J. M. Smucker’s payout ratio is -32.09%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Barclays reiterated an “equal weight” rating and set a $105.00 target price on shares of J. M. Smucker in a research report on Friday, August 29th. Morgan Stanley increased their target price on J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research report on Friday. Bank of America cut their price objective on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, August 28th. Finally, Wells Fargo & Company raised their price objective on J. M. Smucker from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eight have given 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 company has an average rating of “Moderate Buy” and an average price target of $118.38.

Insider Activity

In related news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the sale, the chief financial officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.24% of the company’s stock.

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.