Bank of Montreal Can Sells 50,538 Shares of The J. M. Smucker Company $SJM

Bank of Montreal Can trimmed its stake in The J. M. Smucker Company (NYSE:SJM) by 22.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,430 shares of the company’s stock after selling 50,538 shares during the period. Bank of Montreal Can’s holdings in J. M. Smucker were worth $17,129,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in shares of J. M. Smucker during the 1st quarter valued at about $1,842,000. Envestnet Asset Management Inc. grew its holdings in shares of J. M. Smucker by 57.2% during the first quarter. Envestnet Asset Management Inc. now owns 44,810 shares of the company’s stock worth $5,306,000 after purchasing an additional 16,312 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in J. M. Smucker in the 1st quarter valued at about $239,000. DekaBank Deutsche Girozentrale grew its stake in shares of J. M. Smucker by 71.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 56,002 shares of the company’s stock valued at $6,449,000 after purchasing an additional 23,398 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in J. M. Smucker by 15.5% in the 1st quarter. Cerity Partners LLC now owns 117,772 shares of the company’s stock valued at $13,945,000 after buying an additional 15,824 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SJM shares. Bank of America lowered their price target on shares of J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday, August 28th. UBS Group reduced their price objective on shares of J. M. Smucker from $130.00 to $121.00 and set a “buy” rating on the stock in a research note on Thursday, August 28th. Barclays reaffirmed an “equal weight” rating and issued a $105.00 target price on shares of J. M. Smucker in a research note on Friday, August 29th. Morgan Stanley lifted their price target on shares of J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Finally, Wells Fargo & Company upped their price objective on shares of J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.38.

Insider Activity

In related news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total value of $1,204,237.29. Following the sale, the chief financial officer owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. This trade represents a 24.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.24% of the company’s stock.

J. M. Smucker Stock Up 2.0%

J. M. Smucker stock opened at $107.03 on Friday. The company has a 50 day moving average of $106.57 and a 200-day moving average of $107.66. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42. The stock has a market capitalization of $11.42 billion, a PE ratio of -7.81, a price-to-earnings-growth ratio of 6.97 and a beta of 0.24.

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

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, November 14th. J. M. Smucker’s dividend payout ratio is currently -32.09%.

J. M. Smucker Profile

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.