Cerity Partners LLC Buys 11,513 Shares of The J. M. Smucker Company $SJM

Cerity Partners LLC increased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 9.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,285 shares of the company’s stock after purchasing an additional 11,513 shares during the quarter. Cerity Partners LLC owned approximately 0.12% of J. M. Smucker worth $12,696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its position 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 buying an additional 100 shares during the last quarter. Nova Wealth Management Inc. bought a new position in shares of J. M. Smucker during the 2nd quarter worth approximately $25,000. AlphaQuest LLC purchased a new stake in J. M. Smucker during the second quarter valued at approximately $26,000. Bank of Jackson Hole Trust boosted its stake in J. M. Smucker by 104.5% in the second quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock valued at $27,000 after acquiring an additional 140 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in J. M. Smucker in the second quarter valued at approximately $28,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

SJM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Stifel Nicolaus reduced their target price on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. UBS Group decreased their price target on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Bank of America dropped their price target on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, August 28th. Finally, Wells Fargo & Company upped their price objective on shares of J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $116.79.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 11,139 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 33,864 shares in the company, valued at $3,661,037.04. The trade was a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.24% of the stock is owned by corporate insiders.

J. M. Smucker Stock Up 0.3%

Shares of SJM stock opened at $99.71 on Thursday. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $121.48. The firm has a market capitalization of $10.64 billion, a PE ratio of -8.89, a P/E/G ratio of 6.76 and a beta of 0.22. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.89. The stock’s 50-day simple moving average is $104.30 and its 200-day simple moving average is $106.04.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the prior year, the company earned $2.76 EPS. J. M. Smucker’s quarterly revenue 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. Equities 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 firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, November 14th. J. M. Smucker’s dividend payout ratio (DPR) is -39.22%.

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.