Hsbc Holdings PLC Sells 26,919 Shares of The J. M. Smucker Company $SJM

Key Points

• Hsbc Holdings PLC reduced its stake in The J. M. Smucker Company by 13.0%, selling 26,919 shares and now holds approximately 180,176 shares valued at $21.34 million.
• J. M. Smucker recently declared a quarterly dividend of $1.10 per share, marking an increase from the previous quarterly dividend of $1.08.
• Analyst ratings for J. M. Smucker have been mixed, with UBS raising their price target to $130.00 while Barclays lowered it to $105.00, reflecting varying outlooks amongst financial analysts.

Hsbc Holdings PLC decreased its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 180,176 shares of the company's stock after selling 26,919 shares during the quarter. Hsbc Holdings PLC owned approximately 0.17% of J. M. Smucker worth $21,336,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Merit Financial Group LLC acquired a new stake in shares of J. M. Smucker in the 1st quarter valued at $203,000. Farther Finance Advisors LLC increased its stake in shares of J. M. Smucker by 113.5% in the 1st quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company's stock valued at $346,000 after buying an additional 1,554 shares during the period. Costello Asset Management INC acquired a new stake in shares of J. M. Smucker in the 1st quarter valued at $50,000. Schonfeld Strategic Advisors LLC increased its stake in shares of J. M. Smucker by 124.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company's stock valued at $1,471,000 after buying an additional 7,414 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of J. M. Smucker by 1.6% in the 1st quarter. State of Alaska Department of Revenue now owns 20,968 shares of the company's stock valued at $2,482,000 after buying an additional 335 shares during the period. Institutional investors own 81.66% of the company's stock.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, Director Tarang Amin bought 1,050 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was purchased at an average cost of $96.09 per share, with a total value of $100,894.50. Following the completion of the purchase, the director owned 3,825 shares in the company, valued at approximately $367,544.25. The trade was a 37.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.24% of the company's stock.

J. M. Smucker Trading Up 0.8%

NYSE:SJM traded up $0.80 on Thursday, reaching $106.47. The company's stock had a trading volume of 1,716,510 shares, compared to its average volume of 1,634,283. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42. 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 firm has a market cap of $11.34 billion, a PE ratio of -9.20, a PEG ratio of 8.23 and a beta of 0.31. The business's 50-day moving average price is $106.51 and its two-hundred day moving average price is $109.51.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) 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 business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the firm posted $2.44 earnings per share. The firm'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 anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 dividend on an annualized basis and a yield of 4.1%. J. M. Smucker's payout ratio is presently -38.06%.

Analyst Upgrades and Downgrades

SJM has been the subject of several research reports. DA Davidson lifted their target price on J. M. Smucker from $104.00 to $112.00 and gave the company a "neutral" rating in a research note on Thursday. Jefferies Financial Group raised J. M. Smucker from a "hold" rating to a "buy" rating and lowered their target price for the company from $118.00 to $115.00 in a research note on Wednesday, June 11th. Morgan Stanley lifted their target price on J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Zacks Research raised J. M. Smucker to a "hold" rating in a research note on Monday, August 11th. Finally, BNP Paribas Exane raised J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price objective for the company in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $118.23.

J. M. Smucker Company 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.