New York State Teachers Retirement System Sells 8,605 Shares of The J. M. Smucker Company $SJM

New York State Teachers Retirement System lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 10.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,472 shares of the company’s stock after selling 8,605 shares during the quarter. New York State Teachers Retirement System’s holdings in J. M. Smucker were worth $8,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SJM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 valued at $2,286,000 after purchasing an additional 1,763 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of J. M. Smucker during the 1st quarter valued at $253,000. Empowered Funds LLC lifted its holdings in shares of J. M. Smucker by 28.6% during the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after acquiring an additional 2,889 shares during the last quarter. Woodline Partners LP grew its position in J. M. Smucker by 40.7% in the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock worth $1,065,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Czech National Bank increased its stake in J. M. Smucker by 6.4% in the second quarter. Czech National Bank now owns 26,012 shares of the company’s stock valued at $2,554,000 after acquiring an additional 1,570 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

SJM has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price target on J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. TD Cowen cut their target price on J. M. Smucker from $111.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Canaccord Genuity Group raised shares of J. M. Smucker to a “buy” rating in a research note on Friday. Finally, Sanford C. Bernstein boosted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $114.93.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $104.83 on Friday. The company has a market capitalization of $11.18 billion, a P/E ratio of -9.34, a PEG ratio of 7.10 and a beta of 0.23. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week 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. The stock has a 50 day moving average price of $101.62 and a two-hundred day moving average price of $105.35.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.12 by ($0.02). J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.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 business posted $2.76 EPS. The firm’s revenue for the quarter 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. Analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, November 14th. J. M. Smucker’s dividend payout ratio is -39.22%.

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.