The J. M. Smucker Company $SJM Stock Holdings Lessened by Royal Bank of Canada

Key Points

• Royal Bank of Canada has cut its stake in The J. M. Smucker Company by 35.6%, leaving it with 104,647 shares worth about $12.39 million.
• Analysts have mixed views on J. M. Smucker, with some raising target prices, but overall consensus shows a "Moderate Buy" rating and a target price of $118.00.
• The company has recently increased its quarterly dividend to $1.10 per share, yielding approximately 4.0%, signaling positive shareholder returns.

Royal Bank of Canada decreased its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 35.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 104,647 shares of the company's stock after selling 57,892 shares during the period. Royal Bank of Canada owned 0.10% of J. M. Smucker worth $12,391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SJM. Wallace Capital Management Inc. increased its position in J. M. Smucker by 4.9% during the fourth quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company's stock worth $235,000 after purchasing an additional 100 shares during the last quarter. Tortoise Investment Management LLC increased its position in J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Forum Financial Management LP increased its position in J. M. Smucker by 3.9% during the first quarter. Forum Financial Management LP now owns 3,113 shares of the company's stock worth $369,000 after purchasing an additional 116 shares during the last quarter. SouthState Corp increased its position in J. M. Smucker by 6.4% during the first quarter. SouthState Corp now owns 1,976 shares of the company's stock worth $234,000 after purchasing an additional 118 shares during the last quarter. Finally, Rowlandmiller & PARTNERS.ADV increased its position in J. M. Smucker by 2.6% during the first quarter. Rowlandmiller & PARTNERS.ADV now owns 4,653 shares of the company's stock worth $551,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Down 5.0%

Shares of SJM stock traded down $5.43 on Monday, hitting $102.38. The stock had a trading volume of 2,487,947 shares, compared to its average volume of 1,653,991. The firm has a market capitalization of $10.92 billion, a price-to-earnings ratio of -7.47, a P/E/G ratio of 7.44 and a beta of 0.27. The stock's 50 day moving average is $109.24 and its 200-day moving average is $109.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. 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 announced its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share 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 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%. J. M. Smucker's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, research 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders 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 yield of 4.3%. J. M. Smucker's payout ratio is currently -32.09%.

Analysts Set New Price Targets

SJM has been the subject of several recent research reports. Citigroup dropped 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 research report on Wednesday, June 11th. Stifel Nicolaus increased their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. UBS Group dropped 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 research report on Thursday, August 28th. Wells Fargo & Company increased their price objective on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Finally, BNP Paribas Exane raised shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price objective for the company in a research report on Wednesday, July 9th. One equities research 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. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of "Moderate Buy" and an average price target of $118.00.

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.