Panagora Asset Management Inc. Decreases Holdings in The J. M. Smucker Company $SJM

Key Points

• Panagora Asset Management Inc. reduced its holdings in The J. M. Smucker Company by 44.4%, owning 17,039 shares worth approximately $2.02 million after selling 13,598 shares in the first quarter.
• J. M. Smucker recently increased its quarterly dividend from $1.08 to $1.10 per share, resulting in an annualized dividend of $4.40 with a yield of 4.0%.
• The company has a market capitalization of $11.67 billion and reported a quarterly EPS of $1.90, which was below the consensus estimate, with revenue of $2.11 billion for the quarter.

Panagora Asset Management Inc. cut its stake in The J. M. Smucker Company (NYSE:SJM - Free Report) by 44.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,039 shares of the company's stock after selling 13,598 shares during the period. Panagora Asset Management Inc.'s holdings in J. M. Smucker were worth $2,018,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SJM. Schonfeld Strategic Advisors LLC lifted its holdings in J. M. Smucker by 124.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company's stock worth $1,471,000 after buying an additional 7,414 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of J. M. Smucker by 131.6% during the fourth quarter. BNP Paribas Financial Markets now owns 210,406 shares of the company's stock valued at $23,170,000 after purchasing an additional 119,570 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of J. M. Smucker by 5.2% during the fourth quarter. Benjamin Edwards Inc. now owns 22,699 shares of the company's stock valued at $2,500,000 after purchasing an additional 1,114 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of J. M. Smucker by 3.0% during the fourth quarter. Captrust Financial Advisors now owns 58,713 shares of the company's stock valued at $6,465,000 after purchasing an additional 1,707 shares during the last quarter. Finally, Caption Management LLC purchased a new position in shares of J. M. Smucker during the fourth quarter valued at approximately $3,513,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SJM has been the subject of a number of recent analyst reports. Citigroup decreased their price objective on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a report on Wednesday, June 11th. DA Davidson boosted their price objective on shares of J. M. Smucker from $104.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Zacks Research upgraded shares of J. M. Smucker to a "hold" rating in a report on Monday, August 11th. UBS Group decreased their price objective on shares of J. M. Smucker from $130.00 to $121.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Finally, Royal Bank Of Canada initiated coverage on shares of J. M. Smucker in a report on Monday, July 7th. They issued an "outperform" rating and a $130.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, J. M. Smucker presently has an average rating of "Moderate Buy" and an average price target of $118.00.

Insider Buying and Selling at J. M. Smucker

In related news, Director Tarang Amin purchased 1,050 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were acquired at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the purchase, the director directly owned 3,825 shares in the company, valued at $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.24% of the company's stock.

J. M. Smucker Stock Performance

NYSE:SJM traded up $0.12 during trading hours on Friday, reaching $112.46. The company had a trading volume of 1,426,211 shares, compared to its average volume of 2,205,200. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $125.42. The firm's 50 day moving average price is $108.49 and its 200-day moving average price is $109.93. 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 firm has a market cap of $12.00 billion, a price-to-earnings ratio of -8.20, a PEG ratio of 7.76 and a beta of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data 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 16.75% and a positive return on equity of 15.41%. 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 previous 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. On average, analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a dividend of $1.10 per share. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date was Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.9%. J. M. Smucker's dividend 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.