Amundi Sells 190,946 Shares of The J. M. Smucker Company $SJM

Key Points

• Amundi reduced its stake in J. M. Smucker Company by 30.4%, resulting in ownership of 437,435 shares worth approximately $51.8 million.
• J. M. Smucker's recent earnings report indicated a missed EPS estimate of $1.90 versus the expected $1.95, along with a 0.6% decline in quarterly revenue year-over-year.
• The company declared a quarterly dividend of $1.10, an increase from the previous $1.08, translating to an annual yield of 3.9%.

Amundi reduced its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 30.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 437,435 shares of the company's stock after selling 190,946 shares during the quarter. Amundi owned about 0.41% of J. M. Smucker worth $51,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of SJM. BNP Paribas Financial Markets increased its stake in shares of J. M. Smucker by 131.6% in the 4th quarter. BNP Paribas Financial Markets now owns 210,406 shares of the company's stock valued at $23,170,000 after acquiring an additional 119,570 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of J. M. Smucker by 11.4% during the 4th quarter. EP Wealth Advisors LLC now owns 2,080 shares of the company's stock worth $229,000 after purchasing an additional 213 shares in the last quarter. Deutsche Bank AG raised its stake in shares of J. M. Smucker by 16.3% during the 4th quarter. Deutsche Bank AG now owns 1,116,804 shares of the company's stock worth $122,982,000 after purchasing an additional 156,314 shares in the last quarter. FORA Capital LLC bought a new stake in J. M. Smucker in the 4th quarter valued at $501,000. Finally, Ethic Inc. raised its stake in J. M. Smucker by 15.5% in the 4th quarter. Ethic Inc. now owns 40,229 shares of the company's stock valued at $4,430,000 after acquiring an additional 5,407 shares during the period. 81.66% of the stock is owned by institutional investors.

Insider Activity at J. M. Smucker

In other news, Director Tarang Amin acquired 1,050 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average price of $96.09 per share, with a total value of $100,894.50. Following the completion of the acquisition, the director directly owned 3,825 shares of the company's stock, valued at approximately $367,544.25. The trade was a 37.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Zacks Research raised J. M. Smucker to a "hold" rating in a report on Monday, August 11th. Wells Fargo & Company upped their price objective on J. M. Smucker from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Barclays restated an "equal weight" rating and set a $105.00 price objective on shares of J. M. Smucker in a research report on Friday, August 29th. Morgan Stanley raised their price objective on 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, DA Davidson lifted their target price on J. M. Smucker from $104.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, J. M. Smucker has an average rating of "Moderate Buy" and a consensus price target of $118.00.

J. M. Smucker Price Performance

NYSE SJM traded down $0.86 during trading on Wednesday, reaching $109.99. The company's stock had a trading volume of 1,009,480 shares, compared to its average volume of 1,649,328. The firm has a fifty day moving average of $108.91 and a 200 day moving average of $109.96. 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 debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. The stock has a market capitalization of $11.73 billion, a PE ratio of -8.02, a P/E/G ratio of 7.70 and a beta of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.05). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The company had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter in the prior year, the company earned $2.44 earnings per share. The company's revenue 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. Analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's dividend payout ratio is -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.