Resonant Capital Advisors LLC Sells 12,088 Shares of The J. M. Smucker Company $SJM

Resonant Capital Advisors LLC trimmed its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 81.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,665 shares of the company’s stock after selling 12,088 shares during the quarter. Resonant Capital Advisors LLC’s holdings in J. M. Smucker were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $102.00 on Tuesday. The business has a 50-day simple moving average of $101.41 and a 200 day simple moving average of $105.38. The J. M. Smucker Company has a one year low of $93.30 and a one year 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 firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of -9.09, a PEG ratio of 6.94 and a beta of 0.23.

J. M. Smucker (NYSE:SJM) last announced 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). 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 analyst estimates of $2.32 billion. During the same period last year, the business posted $2.76 EPS. The company’s 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. On average, research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, February 13th. This represents a $4.40 annualized dividend and a yield of 4.3%. J. M. Smucker’s dividend payout ratio is presently -39.22%.

Wall Street Analysts Forecast Growth

SJM has been the subject of a number of recent analyst reports. Canaccord Genuity Group upgraded J. M. Smucker to a “buy” rating in a report on Friday. TD Cowen cut their target price on J. M. Smucker from $111.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $105.00 target price (down from $115.00) on shares of J. M. Smucker in a report on Friday. Stifel Nicolaus dropped their price target on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and a consensus price target of $114.93.

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.