Janney Montgomery Scott LLC Cuts Position in The J. M. Smucker Company $SJM

Key Points

• Janney Montgomery Scott LLC has reduced its stake in The J. M. Smucker Company by 6.1% during the second quarter, now holding 103,839 shares valued at approximately $10.2 million.
• A significant number of other investors have altered their positions in J. M. Smucker, with hedge funds and institutional investors now owning 81.66% of the stock.
• The company announced a quarterly dividend increase from $1.08 to $1.10 per share, representing an annual yield of 4.1%.

Janney Montgomery Scott LLC trimmed its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,839 shares of the company's stock after selling 6,708 shares during the quarter. Janney Montgomery Scott LLC owned 0.10% of J. M. Smucker worth $10,197,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SJM. Tortoise Investment Management LLC raised its holdings in shares of J. M. Smucker by 87.0% during the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after buying an additional 100 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of J. M. Smucker during the 1st quarter valued at about $30,000. Nova Wealth Management Inc. purchased a new stake in shares of J. M. Smucker during the 2nd quarter valued at about $25,000. Cooksen Wealth LLC purchased a new stake in shares of J. M. Smucker during the 1st quarter valued at about $33,000. Finally, National Pension Service raised its holdings in shares of J. M. Smucker by 74.9% during the 1st quarter. National Pension Service now owns 383 shares of the company's stock valued at $45,000 after buying an additional 164 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 11,139 shares of the business's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the completion of the transaction, the chief financial officer owned 33,864 shares in the company, valued at $3,661,037.04. The trade was a 24.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SJM has been the topic of several analyst reports. BNP Paribas Exane upgraded J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 target price on the stock in a report on Wednesday, July 9th. Weiss Ratings reiterated a "sell (d)" rating on shares of J. M. Smucker in a report on Saturday, September 27th. Wells Fargo & Company raised their target price on J. M. Smucker from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Argus lowered J. M. Smucker from a "buy" rating to a "hold" rating in a research report on Friday, September 12th. Finally, DA Davidson raised their price target on shares of J. M. Smucker from $104.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, J. M. Smucker presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

J. M. Smucker Price Performance

Shares of SJM opened at $108.19 on Friday. The firm has a market cap of $11.54 billion, a price-to-earnings ratio of -7.89, a PEG ratio of 7.47 and a beta of 0.25. The stock has a 50 day moving average of $109.61 and a 200-day moving average of $109.47. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued 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 firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.J. M. Smucker's revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $1.10 per share. The ex-dividend date was Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.1%. This is an increase from J. M. Smucker's previous quarterly dividend of $1.08. J. M. Smucker's payout ratio is presently -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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