Blair William & Co. IL Has $3.40 Million Stake in The J. M. Smucker Company $SJM

Key Points

• Blair William & Co. IL reduced its stake in The J. M. Smucker Company by 21.9% to $3.40 million during Q2, selling 9,710 shares.
• Several institutional investors, including Tortoise Investment Management LLC, significantly increased their positions in J. M. Smucker, with Tortoise growing its stake by 87.0%.
• J. M. Smucker recently declared a quarterly dividend of $1.10, reflecting an annualized increase to $4.40 and a yield of 4.3%.

Blair William & Co. IL decreased its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 21.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,664 shares of the company's stock after selling 9,710 shares during the quarter. Blair William & Co. IL's holdings in J. M. Smucker were worth $3,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SJM. Tortoise Investment Management LLC grew its position in shares of J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in shares of J. M. Smucker in the second quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of J. M. Smucker in the first quarter valued at approximately $30,000. Cooksen Wealth LLC acquired a new position in shares of J. M. Smucker in the first quarter valued at approximately $33,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of J. M. Smucker in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 33,864 shares in the company, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.24% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Royal Bank Of Canada began coverage on J. M. Smucker in a research report on Monday, July 7th. They issued an "outperform" rating and a $130.00 target price on the stock. Wells Fargo & Company increased their price target on J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Stifel Nicolaus increased their price target 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. UBS Group reduced their price target 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. Finally, BNP Paribas raised J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $118.00.

J. M. Smucker Stock Down 3.1%

NYSE SJM opened at $101.50 on Tuesday. The business has a fifty day moving average price of $109.16 and a two-hundred day moving average price of $109.14. 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 J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The stock has a market capitalization of $10.83 billion, a PE ratio of -7.40, a PEG ratio of 7.23 and a beta of 0.25.

J. M. Smucker (NYSE:SJM - Get Free Report) last released 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 positive return on equity of 15.41% and a negative net margin of 16.75%.The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the company earned $2.44 earnings per share. The firm's revenue for the quarter 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 analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date 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 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.

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