The J. M. Smucker Company $SJM Shares Sold by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. decreased its stake in J. M. Smucker by 5.2%, selling 28,875 shares and now holding 531,752 shares valued at approximately $63.26 million.
• J. M. Smucker declared an increased quarterly dividend of $1.10 per share, raising the annualized dividend to $4.40 and yielding 4.0%.
• Analysts have mixed ratings for J. M. Smucker, with a consensus rating of "Moderate Buy" and a price target averaging $119.69.

Ameriprise Financial Inc. reduced its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 531,752 shares of the company's stock after selling 28,875 shares during the period. Ameriprise Financial Inc. owned 0.50% of J. M. Smucker worth $63,260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SJM. Merit Financial Group LLC purchased a new stake in shares of J. M. Smucker during the first quarter worth approximately $203,000. Farther Finance Advisors LLC boosted its stake in J. M. Smucker by 113.5% during the 1st quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company's stock worth $346,000 after purchasing an additional 1,554 shares during the last quarter. Costello Asset Management INC purchased a new stake in shares of J. M. Smucker during the first quarter worth $50,000. Schonfeld Strategic Advisors LLC grew its holdings in shares of J. M. Smucker by 124.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company's stock worth $1,471,000 after buying an additional 7,414 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of J. M. Smucker by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 20,968 shares of the company's stock valued at $2,482,000 after buying an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

Wall Street Analyst Weigh In

SJM has been the topic of a number of recent research reports. Morgan Stanley boosted their price target on shares of J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Bank of America raised their target price on shares of J. M. Smucker from $105.00 to $120.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 19th. Stifel Nicolaus upped their price target on J. M. Smucker from $106.00 to $110.00 and gave the company a "hold" rating in a research report on Tuesday, July 29th. Barclays reduced their price objective on J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 11th. Finally, Jefferies Financial Group raised J. M. Smucker from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $118.00 to $115.00 in a research note on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $119.69.

J. M. Smucker Trading Down 1.0%

Shares of SJM stock opened at $110.44 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35. The firm has a market cap of $11.76 billion, a PE ratio of -9.55, a price-to-earnings-growth ratio of 8.30 and a beta of 0.31. The company has a 50-day moving average of $106.32 and a two-hundred day moving average of $109.54. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.25 by $0.06. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.66 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently declared 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 is an increase from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, August 15th. J. M. Smucker's dividend payout ratio (DPR) is -38.06%.

Insider Buying and Selling at J. M. Smucker

In other news, Director Tarang Amin acquired 1,050 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the acquisition, the director owned 3,825 shares of the company's stock, valued at $367,544.25. This represents a 37.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.24% of the company's stock.

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.

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