Truist Financial Corp Sells 5,233 Shares of The J. M. Smucker Company $SJM

Truist Financial Corp lowered its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 22.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,946 shares of the company’s stock after selling 5,233 shares during the period. Truist Financial Corp’s holdings in J. M. Smucker were worth $1,949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. grew its holdings in J. M. Smucker by 2.6% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,872 shares of the company’s stock valued at $380,000 after buying an additional 97 shares in the last quarter. Twin Capital Management Inc. grew its stake in J. M. Smucker by 1.6% during the second quarter. Twin Capital Management Inc. now owns 7,317 shares of the company’s stock valued at $719,000 after acquiring an additional 117 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in J. M. Smucker by 14.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 961 shares of the company’s stock worth $94,000 after acquiring an additional 119 shares during the period. Private Trust Co. NA lifted its stake in J. M. Smucker by 10.8% in the 2nd quarter. Private Trust Co. NA now owns 1,338 shares of the company’s stock worth $131,000 after purchasing an additional 130 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in J. M. Smucker by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock valued at $217,000 after purchasing an additional 138 shares during the period. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Stock Up 0.3%

Shares of NYSE SJM opened at $109.64 on Friday. The stock has a market capitalization of $11.70 billion, a P/E ratio of -9.77, a PEG ratio of 7.45 and a beta of 0.23. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $121.48. The firm’s 50 day simple moving average is $101.21 and its two-hundred day simple moving average is $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.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $2.10 earnings per share (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 analysts’ expectations of $2.32 billion. J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. J. M. Smucker’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the company posted $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

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

Analyst Ratings Changes

SJM has been the topic of several research analyst reports. 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 report on Thursday, January 8th. JPMorgan Chase & Co. lowered their price target on J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. UBS Group dropped their price target on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Sanford C. Bernstein raised their target price on shares of J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, November 26th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $105.00 target price (down from $115.00) on shares of J. M. Smucker in a research report on Friday, January 16th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, J. M. Smucker 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.