Robeco Institutional Asset Management B.V. Reduces Position in The J. M. Smucker Company $SJM

Robeco Institutional Asset Management B.V. trimmed its holdings in The J. M. Smucker Company (NYSE:SJM) by 84.0% during the third quarter, HoldingsChannel reports. The firm owned 98,272 shares of the company’s stock after selling 515,638 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in J. M. Smucker were worth $10,672,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in J. M. Smucker by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 815,412 shares of the company’s stock worth $96,553,000 after purchasing an additional 41,249 shares during the last quarter. Ethic Inc. grew its stake in shares of J. M. Smucker by 28.8% in the 3rd quarter. Ethic Inc. now owns 54,860 shares of the company’s stock valued at $5,958,000 after buying an additional 12,279 shares during the period. Wedge Capital Management L L P NC acquired a new stake in shares of J. M. Smucker during the 3rd quarter worth approximately $4,476,000. Thompson Investment Management Inc. acquired a new stake in shares of J. M. Smucker during the 3rd quarter worth approximately $5,464,000. Finally, Marshall Wace LLP acquired a new position in J. M. Smucker in the second quarter valued at approximately $36,434,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SJM shares. Stifel Nicolaus cut their target price on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, October 8th. 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 research report on Wednesday, November 26th. TD Cowen dropped their price target on shares of J. M. Smucker from $111.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their price target on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $115.64.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $100.50 on Friday. The stock has a market capitalization of $10.72 billion, a price-to-earnings ratio of -8.96, a price-to-earnings-growth ratio of 6.65 and a beta of 0.23. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.89 and a quick ratio of 0.37. The business has a 50-day moving average of $101.74 and a 200 day moving average of $105.17. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $121.48.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share (EPS) 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 analyst estimates of $2.32 billion. J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, sell-side 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 declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were paid a $1.10 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.40 annualized dividend and a dividend yield of 4.4%. J. M. Smucker’s payout ratio is -39.22%.

About J. M. Smucker

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.