Bailard Inc. Reduces Stake in The J. M. Smucker Company $SJM

Bailard Inc. lessened its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 64.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,553 shares of the company’s stock after selling 8,191 shares during the quarter. Bailard Inc.’s holdings in J. M. Smucker were worth $494,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SJM. Norges Bank purchased a new position in J. M. Smucker during the second quarter valued at approximately $112,829,000. Engineers Gate Manager LP bought a new position in J. M. Smucker in the 2nd quarter valued at $109,896,000. Assenagon Asset Management S.A. grew its position in shares of J. M. Smucker by 811.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 919,139 shares of the company’s stock valued at $99,818,000 after purchasing an additional 818,245 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings 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 worth $221,140,000 after purchasing an additional 703,382 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of J. M. Smucker by 4,906.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 613,910 shares of the company’s stock worth $60,286,000 after buying an additional 601,647 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. TD Cowen reduced their target price on J. M. Smucker from $111.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Canaccord Genuity Group raised J. M. Smucker to a “buy” rating in a report on Friday, January 16th. UBS Group decreased 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 report on Wednesday, November 26th. Stifel Nicolaus dropped 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $114.93.

J. M. Smucker Stock Performance

NYSE:SJM opened at $102.53 on Friday. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of -9.14, a PEG ratio of 6.94 and a beta of 0.23. The business has a 50 day moving average of $100.86 and a 200 day moving average of $105.33. 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 J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $121.48.

J. M. Smucker (NYSE:SJM) last issued its quarterly 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). The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate 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 firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.76 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. On average, sell-side analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, February 13th. J. M. Smucker’s dividend payout ratio (DPR) is presently -39.22%.

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.