Private Trust Co. NA Increases Holdings in The J. M. Smucker Company $SJM

Private Trust Co. NA boosted its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 10.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,338 shares of the company’s stock after acquiring an additional 130 shares during the quarter. Private Trust Co. NA’s holdings in J. M. Smucker were worth $131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sage Private Wealth Group LLC purchased a new position in shares of J. M. Smucker in the 2nd quarter worth approximately $365,000. Hourglass Capital LLC lifted its position in J. M. Smucker by 7.1% in the second quarter. Hourglass Capital LLC now owns 51,110 shares of the company’s stock worth $5,019,000 after buying an additional 3,400 shares during the last quarter. Mutual Advisors LLC bought a new stake in J. M. Smucker in the second quarter worth $293,000. Generali Asset Management SPA SGR boosted its stake in J. M. Smucker by 101.0% during the second quarter. Generali Asset Management SPA SGR now owns 18,288 shares of the company’s stock worth $1,796,000 after buying an additional 9,188 shares during the period. Finally, Harbour Investments Inc. increased its position in J. M. Smucker by 13.4% during the second quarter. Harbour Investments Inc. now owns 4,860 shares of the company’s stock valued at $477,000 after acquiring an additional 574 shares during the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at J. M. Smucker

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

J. M. Smucker Stock Up 0.1%

Shares of NYSE SJM opened at $104.79 on Thursday. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of -7.64, a PEG ratio of 7.23 and a beta of 0.25. The stock has a 50 day moving average price of $108.25 and a 200 day moving average price of $108.61. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the business earned $2.44 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Sell-side analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. DA Davidson lifted their price target 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. Barclays reissued an “equal weight” rating and issued a $105.00 price objective on shares of J. M. Smucker in a research note on Friday, August 29th. Bank of America cut their target price on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, August 28th. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada initiated coverage on J. M. Smucker in a research report on Monday, July 7th. They issued an “outperform” rating and a $130.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, J. M. Smucker presently has an average 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.