D.A. Davidson & CO. Lowers Holdings in The J. M. Smucker Company $SJM

D.A. Davidson & CO. lowered its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,591 shares of the company’s stock after selling 869 shares during the quarter. D.A. Davidson & CO.’s holdings in J. M. Smucker were worth $844,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Cullen Frost Bankers Inc. raised its holdings in shares of J. M. Smucker by 2.6% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,872 shares of the company’s stock worth $380,000 after acquiring an additional 97 shares in the last quarter. Probity Advisors Inc. increased its position in J. M. Smucker by 5.1% in the second quarter. Probity Advisors Inc. now owns 9,855 shares of the company’s stock worth $968,000 after purchasing an additional 477 shares during the last quarter. apricus wealth LLC increased its position in J. M. Smucker by 1.1% in the second quarter. apricus wealth LLC now owns 28,600 shares of the company’s stock worth $2,809,000 after purchasing an additional 318 shares during the last quarter. Journey Advisory Group LLC grew its stake in shares of J. M. Smucker by 13.9% in the 2nd quarter. Journey Advisory Group LLC now owns 2,143 shares of the company’s stock worth $210,000 after buying an additional 261 shares in the last quarter. Finally, Townsend & Associates Inc purchased a new position in shares of J. M. Smucker in the 2nd quarter worth $1,813,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

SJM has been the topic of a number of recent research reports. Royal Bank Of Canada initiated coverage on J. M. Smucker in a research report on Monday, July 7th. They set an “outperform” rating and a $130.00 price objective on the stock. BNP Paribas raised J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, July 9th. Wells Fargo & Company lifted their price objective on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Cfra Research raised shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, August 27th. Finally, DA Davidson raised their target price on shares of J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, J. M. Smucker currently has an average rating of “Moderate Buy” and an average price target of $118.38.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction dated Tuesday, September 30th. The stock was 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 directly owned 33,864 shares in the company, valued at approximately $3,661,037.04. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.24% of the company’s stock.

J. M. Smucker Stock Up 0.1%

Shares of NYSE SJM opened at $104.86 on Wednesday. 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 stock has a 50 day moving average price of $107.62 and a 200 day moving average price of $108.29. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of -7.65, a PEG ratio of 7.22 and a beta of 0.25. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.05). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the business posted $2.44 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Sell-side analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, November 14th. J. M. Smucker’s payout ratio is -32.09%.

J. M. Smucker 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.