Swedbank AB Boosts Holdings in The J. M. Smucker Company $SJM

Swedbank AB boosted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 153,323 shares of the company’s stock after purchasing an additional 5,511 shares during the quarter. Swedbank AB’s holdings in J. M. Smucker were worth $16,651,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Tortoise Investment Management LLC raised its position in shares of J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the period. Nova Wealth Management Inc. acquired a new stake in shares of J. M. Smucker in the second quarter valued at about $25,000. AlphaQuest LLC purchased a new stake in shares of J. M. Smucker in the second quarter valued at approximately $26,000. Bank of Jackson Hole Trust increased its position in J. M. Smucker by 104.5% during the second quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock worth $27,000 after purchasing an additional 140 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in J. M. Smucker in the 2nd quarter valued at about $27,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the completion of the sale, the chief financial officer owned 33,864 shares in the company, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Morgan Stanley decreased their price target on J. M. Smucker from $118.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Citigroup reissued a “hold” rating on shares of J. M. Smucker in a research report on Wednesday, November 26th. JPMorgan Chase & Co. reduced their price objective on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, October 8th. Finally, Sanford C. Bernstein upped 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 report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $116.79.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $99.73 on Friday. The stock has a market cap of $10.64 billion, a P/E ratio of -8.89, a P/E/G ratio of 6.74 and a beta of 0.22. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $121.48. The stock has a 50 day moving average of $102.99 and a two-hundred day moving average of $105.06. The company has a current ratio of 0.89, a quick ratio of 0.37 and a debt-to-equity ratio of 1.16.

J. M. Smucker (NYSE:SJM) last announced its earnings results 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). J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the business posted $2.76 earnings per share. The business’s revenue 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. On average, research analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, November 14th. J. M. Smucker’s dividend payout ratio is presently -39.22%.

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.