Stance Capital LLC Has $2.85 Million Holdings in The J. M. Smucker Company $SJM

Stance Capital LLC cut its position in shares of The J. M. Smucker Company (NYSE:SJM) by 17.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 29,105 shares of the company’s stock after selling 6,366 shares during the period. J. M. Smucker comprises 1.0% of Stance Capital LLC’s holdings, making the stock its 28th largest position. Stance Capital LLC’s holdings in J. M. Smucker were worth $2,847,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC acquired a new stake in shares of J. M. Smucker during the fourth quarter valued at approximately $25,000. CYBER HORNET ETFs LLC acquired a new position in J. M. Smucker in the 2nd quarter worth approximately $27,000. MCF Advisors LLC boosted its stake in J. M. Smucker by 68.1% in the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after purchasing an additional 126 shares during the period. MUFG Securities EMEA plc purchased a new position in J. M. Smucker during the 2nd quarter worth approximately $31,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in J. M. Smucker during the 4th quarter worth approximately $32,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $110.93 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15. The J. M. Smucker Company has a 1 year low of $88.25 and a 1 year high of $119.39. The business has a fifty day simple moving average of $101.47 and a 200 day simple moving average of $102.37. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of -85.33, a P/E/G ratio of 1.55 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the firm earned $2.31 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, sell-side analysts predict that The J. M. Smucker Company will post 9.95 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, May 15th. J. M. Smucker’s payout ratio is currently -338.46%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SJM shares. Evercore initiated coverage on J. M. Smucker in a report on Friday, May 15th. They issued an “outperform” rating and a $117.00 target price for the company. Bank of America lifted their price target on J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. BTIG Research set a $130.00 price target on J. M. Smucker in a research report on Wednesday, June 10th. Weiss Ratings raised J. M. Smucker from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Finally, UBS Group raised their price objective on J. M. Smucker from $121.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $121.13.

Insider Activity

In related news, insider Jeannette L. Knudsen sold 5,550 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $116.29, for a total value of $645,409.50. Following the completion of the sale, the insider owned 16,039 shares of the company’s stock, valued at approximately $1,865,175.31. The trade was a 25.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.24% of the stock is currently owned by corporate insiders.

J. M. Smucker Company 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.