Gulf International Bank UK Ltd Sells 3,508 Shares of The J. M. Smucker Company $SJM

Key Points

• Gulf International Bank UK Ltd sold 3,508 shares of J. M. Smucker, reducing its holdings by 42.5% to own 4,754 shares valued at $562,000.
• This quarter, J. M. Smucker declared a quarterly dividend of $1.10 per share, up from the previous $1.08, offering an annual yield of 4.0%.
• The company reported a quarterly earnings per share (EPS) of $2.31, exceeding expectations, although its revenue declined 2.8% year-over-year.

Gulf International Bank UK Ltd cut its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 42.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,754 shares of the company's stock after selling 3,508 shares during the quarter. Gulf International Bank UK Ltd's holdings in J. M. Smucker were worth $562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of J. M. Smucker in the fourth quarter worth about $27,000. Minot DeBlois Advisors LLC bought a new stake in shares of J. M. Smucker in the 4th quarter worth approximately $28,000. Measured Risk Portfolios Inc. purchased a new position in shares of J. M. Smucker during the fourth quarter valued at approximately $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of J. M. Smucker during the first quarter valued at approximately $30,000. Finally, Cooksen Wealth LLC bought a new position in shares of J. M. Smucker during the first quarter valued at approximately $33,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Up 0.7%

J. M. Smucker stock traded up $0.8280 during mid-day trading on Wednesday, hitting $112.8480. The company had a trading volume of 2,347,707 shares, compared to its average volume of 1,574,663. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42. The company has a market capitalization of $12.02 billion, a PE ratio of -9.76, a price-to-earnings-growth ratio of 8.89 and a beta of 0.31. The stock's 50 day moving average price is $104.67 and its two-hundred day moving average price is $109.26. The company has a current ratio of 0.81, a quick ratio of 0.35 and a debt-to-equity ratio of 1.16.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm earned $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. As a group, sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

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

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, Director Tarang Amin bought 1,050 shares of the business's stock in a transaction on Thursday, June 12th. The shares were acquired at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the purchase, the director owned 3,825 shares in the company, valued at approximately $367,544.25. This trade represents a 37.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.24% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on SJM. Jefferies Financial Group upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and cut their price target for the company from $118.00 to $115.00 in a report on Wednesday, June 11th. Morgan Stanley lifted their target price on shares of J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a research note on Monday. BNP Paribas upgraded shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, July 9th. Stifel Nicolaus increased their price target on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a research note on Tuesday, July 29th. Finally, Bank of America lifted their price objective on J. M. Smucker from $105.00 to $120.00 and gave the company a "neutral" rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.