Douglas Lane & Associates LLC Lowers Holdings in The J. M. Smucker Company $SJM

Douglas Lane & Associates LLC reduced its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 2.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 299,416 shares of the company’s stock after selling 8,985 shares during the period. Douglas Lane & Associates LLC owned approximately 0.28% of J. M. Smucker worth $32,517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cullen Frost Bankers Inc. grew its holdings in J. M. Smucker by 2.6% during the second quarter. Cullen Frost Bankers Inc. now owns 3,872 shares of the company’s stock worth $380,000 after acquiring an additional 97 shares during the period. Tortoise Investment Management LLC boosted its position in J. M. Smucker by 87.0% in the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Twin Capital Management Inc. boosted its position in J. M. Smucker by 1.6% in the 2nd quarter. Twin Capital Management Inc. now owns 7,317 shares of the company’s stock worth $719,000 after purchasing an additional 117 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of J. M. Smucker by 14.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 961 shares of the company’s stock worth $94,000 after purchasing an additional 119 shares during the period. Finally, Private Trust Co. NA increased its holdings in shares of J. M. Smucker by 10.8% during the 2nd quarter. Private Trust Co. NA now owns 1,338 shares of the company’s stock valued at $131,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Argus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Friday, September 12th. Stifel Nicolaus cut their price target on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Barclays reaffirmed an “equal weight” rating and issued a $105.00 price target on shares of J. M. Smucker in a report on Friday, August 29th. JPMorgan Chase & Co. dropped their price objective on J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Finally, Citigroup reaffirmed a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. One 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 issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $116.79.

J. M. Smucker Price Performance

NYSE:SJM opened at $98.70 on Friday. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $121.48. The stock has a 50 day moving average of $103.42 and a two-hundred day moving average of $105.45. The company has a current ratio of 0.89, a quick ratio of 0.37 and a debt-to-equity ratio of 1.16. The firm has a market cap of $10.53 billion, a P/E ratio of -8.80, a price-to-earnings-growth ratio of 6.71 and a beta of 0.22.

J. M. Smucker (NYSE:SJM) last released its earnings results 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 firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. On average, analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, November 14th. J. M. Smucker’s payout ratio is -39.22%.

Insider Activity

In other news, CFO Tucker H. Marshall sold 11,139 shares of the company’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 sale, the chief financial officer owned 33,864 shares of the company’s stock, valued at $3,661,037.04. This represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.24% of the stock is owned by insiders.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.