State of New Jersey Common Pension Fund D Lowers Holdings in The J. M. Smucker Company $SJM

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 decreased its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.

Several other large investors also recently bought and sold shares of SJM. Mariner LLC grew its position in shares of J. M. Smucker by 6.3% during the fourth quarter. Mariner LLC now owns 28,260 shares of the company's stock worth $3,112,000 after buying an additional 1,683 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of J. M. Smucker during the fourth quarter valued at about $306,000. GeoWealth Management LLC raised its stake in shares of J. M. Smucker by 15.0% during the fourth quarter. GeoWealth Management LLC now owns 967 shares of the company's stock valued at $106,000 after purchasing an additional 126 shares in the last quarter. Forum Financial Management LP raised its stake in shares of J. M. Smucker by 44.9% during the fourth quarter. Forum Financial Management LP now owns 2,997 shares of the company's stock valued at $330,000 after purchasing an additional 928 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in J. M. Smucker by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,009,017 shares of the company's stock worth $221,232,000 after acquiring an additional 33,758 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Stock Performance

Shares of NYSE:SJM traded up $0.2220 during midday trading on Friday, reaching $113.1820. 2,387,249 shares of the company traded hands, compared to its average volume of 1,591,152. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of -9.79, a price-to-earnings-growth ratio of 8.40 and a beta of 0.31. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The firm's fifty day moving average price is $105.67 and its two-hundred day moving average price is $109.39. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the prior year, the business posted $2.66 EPS. J. M. Smucker's quarterly 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 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 will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $1.10 per share. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a yield of 3.9%. J. M. Smucker's dividend payout ratio is -38.06%.

Insiders Place Their Bets

In related news, Director Tarang Amin acquired 1,050 shares of J. M. Smucker stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average price of $96.09 per share, with a total value of $100,894.50. Following the transaction, the director directly owned 3,825 shares in the company, valued at approximately $367,544.25. This represents a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on SJM shares. Zacks Research upgraded shares of J. M. Smucker to a "hold" rating in a report on Monday, August 11th. Barclays reduced their target price on J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 11th. Jefferies Financial Group upgraded J. M. Smucker from a "hold" rating to a "buy" rating and lowered their target price for the company from $118.00 to $115.00 in a research note on Wednesday, June 11th. Stifel Nicolaus raised their target price on J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. raised J. M. Smucker from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $102.00 to $129.00 in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, J. M. Smucker presently has an average rating of "Moderate Buy" and an average target price of $119.69.

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.