The J. M. Smucker Company $SJM Shares Sold by Boston Partners

Boston Partners cut its stake in The J. M. Smucker Company (NYSE:SJM) by 50.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 479,147 shares of the company’s stock after selling 479,767 shares during the quarter. Boston Partners owned about 0.45% of J. M. Smucker worth $47,114,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SJM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in J. M. Smucker by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 815,412 shares of the company’s stock worth $96,553,000 after purchasing an additional 41,249 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of J. M. Smucker by 283.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,481 shares of the company’s stock worth $886,000 after buying an additional 5,529 shares during the last quarter. Swedbank AB increased its holdings in shares of J. M. Smucker by 7.9% during the 2nd quarter. Swedbank AB now owns 147,812 shares of the company’s stock worth $14,515,000 after buying an additional 10,813 shares during the last quarter. Clark & Stuart Inc raised its position in shares of J. M. Smucker by 3.6% during the 2nd quarter. Clark & Stuart Inc now owns 75,035 shares of the company’s stock valued at $7,368,000 after buying an additional 2,601 shares during the period. Finally, Costello Asset Management INC acquired a new position in J. M. Smucker in the first quarter valued at approximately $50,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $103.31 on Friday. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of -7.54, a price-to-earnings-growth ratio of 6.97 and a beta of 0.24. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. The business has a 50-day moving average of $105.69 and a 200 day moving average of $106.82. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $121.48.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the company earned $2.76 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. J. M. Smucker’s dividend payout ratio is -39.22%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, October 8th. Barclays restated an “equal weight” rating and issued a $105.00 price objective on shares of J. M. Smucker in a report on Friday, August 29th. JPMorgan Chase & Co. decreased their target price on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday. Zacks Research upgraded shares of J. M. Smucker to a “hold” rating in a research report on Monday, August 11th. Finally, Morgan Stanley decreased their price objective on shares of J. M. Smucker from $118.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and a consensus price target of $116.79.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 33,864 shares of the company’s stock, valued at $3,661,037.04. This trade represents a 24.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.24% of the stock is owned by corporate insiders.

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.