Korea Investment CORP Sells 24,600 Shares of The J. M. Smucker Company $SJM

Key Points

• Korea Investment CORP has sold 24,600 shares of The J. M. Smucker Company, reducing its holdings by 46.7% to 28,063 shares, valued at approximately $3.32 million.
• The J. M. Smucker Company has announced an increase in its quarterly dividend to $1.10 per share, representing a dividend yield of 3.9% for shareholders.
• J. M. Smucker's most recent quarterly earnings report showed a positive earnings per share of $2.31, exceeding expectations, despite a 2.8% decline in revenue compared to the previous year.

Korea Investment CORP cut its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 46.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,063 shares of the company's stock after selling 24,600 shares during the period. Korea Investment CORP's holdings in J. M. Smucker were worth $3,323,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of J. M. Smucker in the fourth quarter worth about $27,000. Minot DeBlois Advisors LLC acquired a new stake in J. M. Smucker during the fourth quarter valued at approximately $28,000. Measured Risk Portfolios Inc. acquired a new stake in J. M. Smucker during the fourth quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of J. M. Smucker in the 1st quarter worth approximately $30,000. Finally, Cooksen Wealth LLC acquired a new position in shares of J. M. Smucker in the 1st quarter worth approximately $33,000. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays reissued an "equal weight" rating and issued a $105.00 target price on shares of J. M. Smucker in a report on Friday. Wells Fargo & Company upped their target price on shares of J. M. Smucker from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Jefferies Financial Group upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and dropped their target price for the company from $118.00 to $115.00 in a research report on Wednesday, June 11th. Zacks Research upgraded shares of J. M. Smucker to a "hold" rating in a research report on Monday, August 11th. Finally, Citigroup reduced their target price on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $118.00.

J. M. Smucker Stock Performance

J. M. Smucker stock traded up $2.82 during trading hours on Friday, hitting $109.54. The company had a trading volume of 616,319 shares, compared to its average volume of 1,638,916. The firm has a market cap of $11.67 billion, a PE ratio of -7.99, a PEG ratio of 7.93 and a beta of 0.31. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.35. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $125.42. The firm has a 50-day moving average of $106.73 and a 200 day moving average of $109.54.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced 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). 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 period in the prior year, the business posted $2.44 earnings per share. The firm's revenue for the quarter 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. On average, sell-side analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a dividend of $1.10 per share. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. J. M. Smucker's payout ratio is -32.09%.

Insider Transactions at J. M. Smucker

In other news, Director Tarang Amin acquired 1,050 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were acquired 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.24% of the stock is owned by company insiders.

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.