The J. M. Smucker Company $SJM Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. reduced its stake in The J. M. Smucker Company by 39.7%, now holding approximately 125,615 shares worth about $14.87 million.
• Several institutional investors, including Tortoise Investment Management LLC and Wallace Capital Management Inc., have increased their positions in J. M. Smucker, highlighting heightened interest in the company's stock.
• J. M. Smucker recently announced a quarterly dividend of $1.10 per share, representing a 4.0% yield and an increase from the previous dividend of $1.08.

Alliancebernstein L.P. lowered its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 39.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,615 shares of the company's stock after selling 82,627 shares during the quarter. Alliancebernstein L.P. owned 0.12% of J. M. Smucker worth $14,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its stake in shares of J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of J. M. Smucker during the first quarter worth about $30,000. Cooksen Wealth LLC acquired a new position in shares of J. M. Smucker during the first quarter worth about $33,000. National Pension Service lifted its stake in shares of J. M. Smucker by 74.9% during the first quarter. National Pension Service now owns 383 shares of the company's stock worth $45,000 after purchasing an additional 164 shares in the last quarter. Finally, Menard Financial Group LLC acquired a new position in shares of J. M. Smucker during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on SJM. Argus cut J. M. Smucker from a "buy" rating to a "hold" rating in a research note on Friday. Stifel Nicolaus lifted their target price on J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. BNP Paribas Exane raised J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 target price on the stock in a research report on Wednesday, July 9th. Bank of America dropped their target price on J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. Finally, UBS Group dropped their target price on J. M. Smucker from $130.00 to $121.00 and set a "buy" rating on the stock in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, J. M. Smucker presently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

J. M. Smucker Stock Performance

Shares of NYSE:SJM traded down $5.43 during trading on Monday, hitting $102.38. 2,718,123 shares of the company traded hands, compared to its average volume of 1,654,011. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of -7.47, a PEG ratio of 7.44 and a beta of 0.27. The business's fifty day moving average is $109.24 and its 200-day moving average is $109.94. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $125.42. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.05). The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company posted $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $1.10 dividend. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. J. M. Smucker's dividend payout ratio is currently -32.09%.

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.