10,660 The J. M. Smucker Company $SJM Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group cut its J. M. Smucker stake by 19.6%, selling 10,660 shares in the third quarter and ending the period with 43,713 shares valued at about $5.2 million.
• Smucker reported quarterly EPS of $3.24, beating the $2.22 analyst consensus, while revenue of $2.22 billion also exceeded estimates and rose 5% year over year.
• The company declared a quarterly dividend of $1.12 per share, equivalent to an annualized 3.4% yield; shares closed Friday at $130.51, down 2.1%.

Sumitomo Mitsui Trust Group Inc. lowered its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 19.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 43,713 shares of the company's stock after selling 10,660 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in J. M. Smucker were worth $5,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. raised its position in shares of J. M. Smucker by 246.6% in the third quarter. Farmers & Merchants Investments Inc. now owns 253 shares of the company's stock valued at $30,000 after buying an additional 180 shares during the last quarter. Sterling Capital Management LLC boosted its position in J. M. Smucker by 77.1% during the third quarter. Sterling Capital Management LLC now owns 6,684 shares of the company's stock worth $795,000 after acquiring an additional 2,909 shares during the last quarter. Studio Investment Management LLC boosted its position in J. M. Smucker by 6.7% during the third quarter. Studio Investment Management LLC now owns 10,585 shares of the company's stock worth $1,259,000 after acquiring an additional 661 shares during the last quarter. USA Financial Formulas acquired a new position in J. M. Smucker during the third quarter worth about $37,000. Finally, V Square Quantitative Management LLC boosted its position in J. M. Smucker by 11.9% during the third quarter. V Square Quantitative Management LLC now owns 3,230 shares of the company's stock worth $384,000 after acquiring an additional 344 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Stock Down 2.1%

SJM traded down $2.74 during trading hours on Friday, hitting $130.51. 1,576,635 shares of the company's stock were exchanged, compared to its average volume of 1,094,281. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $136.22. The firm has a 50 day moving average of $124.56 and a 200 day moving average of $111.94. The firm has a market cap of $13.94 billion, a P/E ratio of 60.99, a price-to-earnings-growth ratio of 1.77 and a beta of 0.26. The company has a current ratio of 0.87, a quick ratio of 0.35 and a debt-to-equity ratio of 1.11.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.22 by $1.02. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a net margin of 2.51% and a return on equity of 19.85%. The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.90 EPS. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. Analysts predict that The J. M. Smucker Company will post 10.71 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a $1.12 dividend. The ex-dividend date is Friday, November 13th. This represents a $4.48 dividend on an annualized basis and a yield of 3.4%. J. M. Smucker's dividend payout ratio (DPR) is 209.35%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Robert D. Ferguson sold 2,522 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $132.41, for a total value of $333,938.02. Following the sale, the insider owned 36,295 shares of the company's stock, valued at $4,805,820.95. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Tucker H. Marshall sold 18,482 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $132.05, for a total value of $2,440,548.10. Following the completion of the sale, the chief financial officer directly owned 38,699 shares in the company, valued at $5,110,202.95. This represents a 32.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.80% of the company's stock.

Analyst Upgrades and Downgrades

SJM has been the topic of a number of research reports. Stifel Nicolaus set a $132.00 target price on shares of J. M. Smucker in a research note on Thursday, August 27th. Barclays dropped their price target on J. M. Smucker from $145.00 to $137.00 and set an "equal weight" rating for the company in a research report on Friday, October 16th. Jefferies Financial Group increased their price target on J. M. Smucker from $129.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Wells Fargo & Company increased their price target on J. M. Smucker from $129.00 to $144.00 and gave the company an "overweight" rating in a report on Thursday, August 27th. Finally, Weiss Ratings upgraded J. M. Smucker from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 26th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, J. M. Smucker has an average rating of "Moderate Buy" and an average price target of $136.00.

J. M. Smucker Company Profile

The J. M. Smucker Company, founded in 1897 by Jerome Monroe Smucker in Orrville, Ohio, is a food and beverage company serving consumers primarily in the United States and Canada. The company sells branded products through grocery retailers, club stores, e-commerce channels, foodservice distributors and other outlets.

Its portfolio includes coffee brands such as Folgers, Dunkin' and Café Bustelo; fruit spreads and toppings sold under the Smucker's name; and peanut butter and related products under the Jif brand.

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