Strs Ohio Has $269,000 Stake in The J. M. Smucker Company $SJM

Strs Ohio lowered its stake in The J. M. Smucker Company (NYSE:SJM) by 90.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,478 shares of the company’s stock after selling 23,582 shares during the period. Strs Ohio’s holdings in J. M. Smucker were worth $269,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of J. M. Smucker by 10.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock worth $2,286,000 after acquiring an additional 1,763 shares during the last quarter. United Services Automobile Association bought a new position in J. M. Smucker in the first quarter valued at about $253,000. Empowered Funds LLC increased its position in J. M. Smucker by 28.6% in the first quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after purchasing an additional 2,889 shares during the period. Woodline Partners LP raised its holdings in J. M. Smucker by 40.7% during the 1st quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock worth $1,065,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in J. M. Smucker by 5.5% during the 2nd quarter. Truist Financial Corp now owns 23,179 shares of the company’s stock worth $2,276,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Up 1.5%

SJM opened at $105.01 on Monday. The firm’s fifty day moving average is $100.74 and its two-hundred day moving average is $105.31. The firm has a market cap of $11.20 billion, a PE ratio of -9.36, a price-to-earnings-growth ratio of 7.14 and a beta of 0.23. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $121.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.89.

J. M. Smucker (NYSE:SJM) last released 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 the consensus estimate 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 research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently announced 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. This represents a $4.40 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, February 13th. J. M. Smucker’s dividend payout ratio (DPR) is -39.22%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of 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. Canaccord Genuity Group upgraded shares of J. M. Smucker to a “buy” rating in a report on Friday, January 16th. Sanford C. Bernstein lifted their target price on shares of J. M. Smucker from $110.00 to $113.00 and gave the stock a “market perform” rating in a report on Wednesday, November 26th. Morgan Stanley reiterated an “equal weight” rating and set a $105.00 target price (down previously from $115.00) on shares of J. M. Smucker in a research report on Friday, January 16th. Finally, UBS Group reduced their price target on 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. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.