The J. M. Smucker Company $SJM Holdings Lowered by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its stake in The J. M. Smucker Company (NYSE:SJM) by 22.5% in the third quarter, HoldingsChannel reports. The fund owned 71,636 shares of the company’s stock after selling 20,762 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in J. M. Smucker were worth $7,780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd increased its position in shares of J. M. Smucker by 1.1% during the 3rd quarter. UniSuper Management Pty Ltd now owns 20,182 shares of the company’s stock valued at $2,192,000 after purchasing an additional 225 shares during the period. Hudson Edge Investment Partners Inc. grew its holdings in J. M. Smucker by 9.7% during the third quarter. Hudson Edge Investment Partners Inc. now owns 59,897 shares of the company’s stock worth $6,505,000 after acquiring an additional 5,274 shares during the period. Fairway Wealth LLC bought a new stake in J. M. Smucker in the third quarter worth about $59,000. Rakuten Investment Management Inc. acquired a new stake in J. M. Smucker in the 3rd quarter valued at about $12,278,000. Finally, HMS Capital Management LLC grew its stake in shares of J. M. Smucker by 4.8% in the 3rd quarter. HMS Capital Management LLC now owns 10,054 shares of the company’s stock worth $1,092,000 after purchasing an additional 458 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 1.8%

Shares of J. M. Smucker stock opened at $103.37 on Thursday. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $121.48. The company has a market cap of $11.03 billion, a P/E ratio of -9.21, a P/E/G ratio of 7.17 and a beta of 0.23. The company has a current ratio of 0.89, a quick ratio of 0.37 and a debt-to-equity ratio of 1.16. The stock has a 50-day moving average price of $100.75 and a 200 day moving average price of $105.33.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.02). The business had revenue of $2.33 billion for 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%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $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 announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be given a $1.10 dividend. The ex-dividend date is Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. J. M. Smucker’s dividend payout ratio is presently -39.22%.

Analyst Upgrades and Downgrades

SJM has been the topic of several recent research reports. Stifel Nicolaus decreased their price target on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, November 26th. JPMorgan Chase & Co. decreased their target price 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. Morgan Stanley reaffirmed an “equal weight” rating and set a $105.00 target price (down from $115.00) on shares of J. M. Smucker in a report on Friday, January 16th. Sanford C. Bernstein lifted their price target on J. M. Smucker from $110.00 to $113.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 26th. Finally, UBS Group reduced their price objective on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, 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.