BI Asset Management Fondsmaeglerselskab A S Sells 10,075 Shares of The J. M. Smucker Company $SJM

Key Points

• BI Asset Management Fondsmaeglerselskab A S has significantly reduced its stake in The J. M. Smucker Company by 73.2%, now holding only 3,686 shares valued at $436,000 after selling over 10,000 shares.
• J. M. Smucker recently reported quarterly earnings of $2.31 EPS, exceeding estimates, but experienced a 2.8% decrease in revenue compared to the previous year.
• The company has declared an increase in its quarterly dividend to $1.10 per share, providing an annualized yield of 3.9% for investors.

BI Asset Management Fondsmaeglerselskab A S cut its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 73.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,686 shares of the company's stock after selling 10,075 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in J. M. Smucker were worth $436,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Merit Financial Group LLC purchased a new position in J. M. Smucker in the 1st quarter worth approximately $203,000. Farther Finance Advisors LLC lifted its holdings in J. M. Smucker by 113.5% in the 1st quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company's stock worth $346,000 after purchasing an additional 1,554 shares in the last quarter. Costello Asset Management INC purchased a new stake in shares of J. M. Smucker during the 1st quarter worth approximately $50,000. Schonfeld Strategic Advisors LLC raised its holdings in shares of J. M. Smucker by 124.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company's stock worth $1,471,000 after acquiring an additional 7,414 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of J. M. Smucker by 1.6% during the 1st quarter. State of Alaska Department of Revenue now owns 20,968 shares of the company's stock worth $2,482,000 after acquiring an additional 335 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SJM has been the topic of several recent research reports. Zacks Research raised J. M. Smucker to a "hold" rating in a report on Monday, August 11th. Bank of America decreased their price objective on J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating on the stock in a report on Thursday. Citigroup decreased their price objective on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. Stifel Nicolaus upped their price objective on J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a report on Tuesday, July 29th. Finally, Jefferies Financial Group raised J. M. Smucker from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $118.00 to $115.00 in a report on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $118.23.

J. M. Smucker Trading Up 0.8%

SJM stock traded up $0.80 during mid-day trading on Thursday, reaching $106.47. 1,716,510 shares of the stock traded hands, compared to its average volume of 1,634,283. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.35 and a current ratio of 0.81. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $125.42. The stock has a market capitalization of $11.34 billion, a PE ratio of -9.20, a PEG ratio of 8.23 and a beta of 0.31. The business has a 50-day moving average price of $106.51 and a two-hundred day moving average price of $109.51.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.05). J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm earned $2.44 EPS. The company's revenue was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Equities research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a $1.10 dividend. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.40 annualized dividend and a yield of 4.1%. J. M. Smucker's dividend payout ratio is currently -38.06%.

Insider Buying and Selling

In other J. M. Smucker news, Director Tarang Amin acquired 1,050 shares of the business's stock in a transaction on Thursday, June 12th. The shares were bought at an average price of $96.09 per share, with a total value of $100,894.50. Following the transaction, the director directly owned 3,825 shares of the company's stock, valued at $367,544.25. The trade was a 37.84% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 2.24% of the stock is owned by company insiders.

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.