HBW Advisory Services LLC Cuts Stake in The J. M. Smucker Company $SJM

HBW Advisory Services LLC reduced its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 17,894 shares of the company’s stock after selling 666 shares during the period. HBW Advisory Services LLC’s holdings in J. M. Smucker were worth $1,757,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Invesco Ltd. increased its stake in J. M. Smucker by 8.6% during the 1st quarter. Invesco Ltd. now owns 2,623,254 shares of the company’s stock worth $310,620,000 after buying an additional 208,231 shares during the period. Dimensional Fund Advisors LP increased its stake in J. M. Smucker by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock worth $267,252,000 after buying an additional 248,110 shares during the period. Ariel Investments LLC increased its stake in J. M. Smucker by 2.7% during the 1st quarter. Ariel Investments LLC now owns 1,881,584 shares of the company’s stock worth $222,798,000 after buying an additional 48,723 shares during the period. LSV Asset Management increased its stake in J. M. Smucker by 48.4% during the 1st quarter. LSV Asset Management now owns 1,379,320 shares of the company’s stock worth $163,325,000 after buying an additional 449,920 shares during the period. Finally, Northern Trust Corp increased its stake in J. M. Smucker by 7.9% during the 1st quarter. Northern Trust Corp now owns 1,219,932 shares of the company’s stock worth $144,452,000 after buying an additional 89,316 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, July 29th. Citigroup dropped their price objective on shares of J. M. Smucker from $128.00 to $118.00 and set a “buy” rating on the stock in a research report on Wednesday, June 11th. BNP Paribas Exane raised shares of J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 target price on the stock in a research report on Wednesday, July 9th. JPMorgan Chase & Co. dropped their target price on shares of J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating on the stock in a research report on Thursday, August 28th. Finally, Zacks Research raised shares of J. M. Smucker to a “hold” rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

J. M. Smucker Stock Down 2.7%

Shares of NYSE:SJM opened at $107.92 on Friday. The stock has a market cap of $11.51 billion, a P/E ratio of -7.87, a P/E/G ratio of 7.65 and a beta of 0.27. The firm has a fifty day moving average price of $109.24 and a 200 day moving average price of $109.93. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the company earned $2.44 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Sell-side analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $1.10 dividend. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.08. The ex-dividend date was Friday, August 15th. This represents a $4.40 annualized dividend and a dividend yield of 4.1%. J. M. Smucker’s dividend payout ratio (DPR) is -32.09%.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.