CX Institutional Has $44,000 Stock Position in The J. M. Smucker Company $SJM

CX Institutional lessened its stake in The J. M. Smucker Company (NYSE:SJM) by 76.0% in the second quarter, Holdings Channel reports. The firm owned 450 shares of the company’s stock after selling 1,427 shares during the quarter. CX Institutional’s holdings in J. M. Smucker were worth $44,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of J. M. Smucker by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 815,412 shares of the company’s stock valued at $96,553,000 after buying an additional 41,249 shares in the last quarter. Merit Financial Group LLC acquired a new position in J. M. Smucker during the first quarter valued at approximately $203,000. Integrated Wealth Concepts LLC lifted its stake in J. M. Smucker by 283.2% during the first quarter. Integrated Wealth Concepts LLC now owns 7,481 shares of the company’s stock worth $886,000 after purchasing an additional 5,529 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of J. M. Smucker by 113.5% in the 1st quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company’s stock valued at $346,000 after purchasing an additional 1,554 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of J. M. Smucker by 7.9% in the 2nd quarter. Swedbank AB now owns 147,812 shares of the company’s stock valued at $14,515,000 after purchasing an additional 10,813 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Down 2.2%

SJM opened at $107.95 on Friday. 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 fifty-two week low of $93.30 and a fifty-two week high of $125.42. The company’s 50 day moving average price is $109.56 and its two-hundred day moving average price is $109.62. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of -7.87, a PEG ratio of 7.61 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 EPS 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 last year, the firm posted $2.44 EPS. J. M. Smucker’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. As a group, research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. BNP Paribas raised J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, July 9th. Argus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Friday, September 12th. Morgan Stanley lifted their price target on shares of J. M. Smucker from $115.00 to $118.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Zacks Research raised shares of J. M. Smucker to a “hold” rating in a research note on Monday, August 11th. Finally, DA Davidson boosted their target price on shares of J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, J. M. Smucker has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

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.