The J. M. Smucker Company $SJM Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its position in The J. M. Smucker Company (NYSE:SJM) by 81.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,195 shares of the company’s stock after selling 18,771 shares during the period. Allspring Global Investments Holdings LLC’s holdings in J. M. Smucker were worth $455,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SJM. Invesco Ltd. boosted its position in shares of J. M. Smucker by 7.5% during the 2nd quarter. Invesco Ltd. now owns 2,819,028 shares of the company’s stock worth $276,829,000 after purchasing an additional 195,774 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of J. M. Smucker by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company’s stock valued at $271,539,000 after purchasing an additional 49,017 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of J. M. Smucker by 45.4% in the second quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company’s stock valued at $221,140,000 after purchasing an additional 703,382 shares during the period. Ilex Capital Partners UK LLP boosted its holdings in J. M. Smucker by 31.0% during the second quarter. Ilex Capital Partners UK LLP now owns 2,033,615 shares of the company’s stock worth $199,701,000 after buying an additional 481,660 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in J. M. Smucker by 0.9% during the second quarter. LSV Asset Management now owns 1,391,770 shares of the company’s stock worth $136,672,000 after buying an additional 12,450 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SJM has been the subject of a number of research analyst reports. Morgan Stanley dropped their price target on J. M. Smucker from $118.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. UBS Group lowered their price objective on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Stifel Nicolaus cut their target price on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. Sanford C. Bernstein upped their price target on shares of J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. Finally, Citigroup reiterated a “hold” rating on shares of J. M. Smucker in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and an average target price of $115.64.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $100.50 on Friday. The company has a market cap of $10.72 billion, a price-to-earnings ratio of -8.96, a price-to-earnings-growth ratio of 6.84 and a beta of 0.23. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $121.48. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.89 and a quick ratio of 0.37. The stock’s 50-day moving average is $101.74 and its 200-day moving average is $105.22.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Equities analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, November 14th. J. M. Smucker’s payout ratio is presently -39.22%.

About J. M. Smucker

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.