The J. M. Smucker Company $SJM Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D has reduced its stake in The J. M. Smucker Company by 10.5% during the first quarter, now holding 33,048 shares valued at approximately $3.91 million.
• J. M. Smucker recently declared a quarterly dividend of $1.10, a slight increase from the previous quarter, representing an annualized yield of 3.9%.
• Several brokerages have adjusted their price targets for J. M. Smucker, with Citigroup lowering it from $128.00 to $118.00 while Bank of America increased theirs from $105.00 to $120.00.

State of New Jersey Common Pension Fund D trimmed its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 10.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,048 shares of the company's stock after selling 3,887 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in J. M. Smucker were worth $3,913,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. purchased a new position in J. M. Smucker in the fourth quarter valued at $27,000. Minot DeBlois Advisors LLC purchased a new position in J. M. Smucker in the fourth quarter valued at $28,000. N.E.W. Advisory Services LLC purchased a new position in J. M. Smucker in the first quarter valued at $30,000. Cooksen Wealth LLC purchased a new position in J. M. Smucker in the first quarter valued at $33,000. Finally, Measured Risk Portfolios Inc. purchased a new position in J. M. Smucker in the fourth quarter valued at $29,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Stock Down 1.4%

NYSE SJM traded down $1.64 during trading on Monday, reaching $111.56. 2,300,336 shares of the company's stock were exchanged, compared to its average volume of 1,618,472. The company has a 50 day moving average price of $106.00 and a two-hundred day moving average price of $109.53. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.35 and a current ratio of 0.81. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The stock has a market cap of $11.88 billion, a P/E ratio of -9.65, a price-to-earnings-growth ratio of 8.42 and a beta of 0.31.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.25 by $0.06. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%.The business had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the previous year, the firm earned $2.66 earnings per share. The business's revenue was down 2.8% compared to the same quarter last year. 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 fiscal year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date is Friday, August 15th. J. M. Smucker's payout ratio is presently -38.06%.

Insider Activity at J. M. Smucker

In other news, Director Tarang Amin bought 1,050 shares of the business's stock in a transaction dated 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 completion of the transaction, the director owned 3,825 shares of the company's stock, valued at approximately $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SJM. Wells Fargo & Company lifted 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. Morgan Stanley lifted their target price on J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Bank of America lifted their target price on J. M. Smucker from $105.00 to $120.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Stifel Nicolaus lifted their target price on J. M. Smucker from $106.00 to $110.00 and gave the company a "hold" rating in a report on Tuesday, July 29th. Finally, BNP Paribas upgraded J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.69.

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.