Federated Hermes Inc. Has $519,000 Stock Position in The J. M. Smucker Company $SJM

Federated Hermes Inc. cut its position in The J. M. Smucker Company (NYSE:SJM) by 67.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,776 shares of the company’s stock after selling 9,677 shares during the quarter. Federated Hermes Inc.’s holdings in J. M. Smucker were worth $519,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of J. M. Smucker by 10.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock valued at $2,286,000 after acquiring an additional 1,763 shares during the period. United Services Automobile Association bought a new stake in J. M. Smucker in the 1st quarter valued at $253,000. Empowered Funds LLC boosted its holdings in J. M. Smucker by 28.6% in the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock valued at $1,538,000 after purchasing an additional 2,889 shares during the period. Woodline Partners LP grew its position in J. M. Smucker by 40.7% in 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 increased its holdings in shares of 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 period. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Up 0.3%

NYSE SJM opened at $109.64 on Friday. The stock’s 50 day simple moving average is $101.21 and its 200 day simple moving average is $105.33. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $121.48. The firm has a market cap of $11.70 billion, a PE ratio of -9.77, a price-to-earnings-growth ratio of 7.45 and a beta of 0.23. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.89 and a quick ratio of 0.37.

J. M. Smucker (NYSE:SJM) last posted 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 business had revenue of $2.33 billion during 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%.J. M. Smucker’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

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 paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.0%. J. M. Smucker’s payout ratio is currently -39.22%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SJM shares. Sanford C. Bernstein lifted their target price on J. M. Smucker from $110.00 to $113.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 26th. JPMorgan Chase & Co. reduced their price objective on J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Canaccord Genuity Group upgraded J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. Stifel Nicolaus reduced their target price on 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, TD Cowen decreased their price target on shares of J. M. Smucker from $111.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $114.93.

J. M. Smucker 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.