The J. M. Smucker Company $SJM Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. decreased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 84.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,057 shares of the company’s stock after selling 5,713 shares during the period. Ameritas Investment Partners Inc.’s holdings in J. M. Smucker were worth $104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SJM. Tortoise Investment Management LLC grew its stake 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 valued at $25,000 after acquiring an additional 100 shares in the last quarter. Nova Wealth Management Inc. purchased a new position in J. M. Smucker in the second quarter valued at about $25,000. AlphaQuest LLC purchased a new position in J. M. Smucker in the second quarter valued at about $26,000. Bank of Jackson Hole Trust grew its stake in J. M. Smucker by 104.5% during the 2nd quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock valued at $27,000 after purchasing an additional 140 shares in the last quarter. Finally, National Pension Service increased its holdings in J. M. Smucker by 74.9% during the 1st quarter. National Pension Service now owns 383 shares of the company’s stock worth $45,000 after purchasing an additional 164 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Trading Down 1.9%

NYSE:SJM opened at $101.10 on Wednesday. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of -7.37, a PEG ratio of 6.97 and a beta of 0.24. 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 1 year low of $93.30 and a 1 year high of $121.48. The business has a fifty day moving average of $105.34 and a 200-day moving average of $106.54.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.02). The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Equities analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were issued a $1.10 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 4.4%. J. M. Smucker’s dividend payout ratio (DPR) is -39.22%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Bank of America reduced their target price on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, August 28th. Argus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Friday, September 12th. Sanford C. Bernstein upped their price target on J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a research report on Wednesday, November 26th. DA Davidson lifted their price objective 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. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $116.79.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 11,139 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the sale, the chief financial officer owned 33,864 shares of the company’s stock, valued at $3,661,037.04. The trade was a 24.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.24% of the stock is owned by corporate insiders.

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.