The J. M. Smucker Company $SJM Shares Sold by Radnor Capital Management LLC

Key Points

• Radnor Capital Management LLC reduced its stake in The J. M. Smucker Company by 58.3%, now owning 3,941 shares valued at $387,000 after selling 5,500 shares in the second quarter.
• The J. M. Smucker Company announced a quarterly dividend increase to $1.10 per share, resulting in an annualized dividend of $4.40 with a dividend yield of 4.2%.
• After its latest earnings report, J. M. Smucker's stock has a consensus rating of "Moderate Buy" with an average target price of $118.00 from various analysts.

Radnor Capital Management LLC lowered its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 58.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,941 shares of the company's stock after selling 5,500 shares during the quarter. Radnor Capital Management LLC's holdings in J. M. Smucker were worth $387,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tortoise Investment Management LLC grew its holdings 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 period. N.E.W. Advisory Services LLC purchased a new position in J. M. Smucker during the first quarter worth about $30,000. Nova Wealth Management Inc. acquired a new stake in shares of J. M. Smucker during the second quarter valued at about $25,000. Cooksen Wealth LLC purchased a new stake in shares of J. M. Smucker in the 1st quarter valued at approximately $33,000. Finally, National Pension Service lifted its holdings in shares of J. M. Smucker by 74.9% in the 1st quarter. National Pension Service now owns 383 shares of the company's stock worth $45,000 after acquiring an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Up 2.0%

NYSE:SJM traded up $2.12 during mid-day trading on Friday, hitting $108.80. The stock had a trading volume of 4,699,845 shares, compared to its average volume of 1,696,944. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42. The stock has a 50-day simple moving average of $109.30 and a two-hundred day simple moving average of $109.78. 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 company has a market capitalization of $11.61 billion, a PE ratio of -7.94, a PEG ratio of 7.26 and a beta of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing analysts' consensus estimates of $1.95 by ($0.05). The firm had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.09 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $1.10 dividend. This is a boost 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 4.0%. The ex-dividend date was Friday, August 15th. J. M. Smucker's payout ratio is -32.09%.

Wall Street Analyst Weigh In

SJM has been the topic of a number of research analyst reports. Barclays reissued an "equal weight" rating and issued a $105.00 target price on shares of J. M. Smucker in a research report on Friday, August 29th. Argus downgraded J. M. Smucker from a "buy" rating to a "hold" rating in a report on Friday, September 12th. JPMorgan Chase & Co. decreased their target price on J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating on the stock in a research note on Thursday, August 28th. BNP Paribas raised J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, July 9th. Finally, Bank of America decreased their target price on J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating on the stock in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $118.00.

J. M. Smucker 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.