The J. M. Smucker Company $SJM Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 5.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 68,055 shares of the company's stock after selling 3,549 shares during the period. Yousif Capital Management LLC owned approximately 0.06% of J. M. Smucker worth $6,683,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SJM. Tortoise Investment Management LLC lifted its stake in shares of J. M. Smucker by 87.0% in the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock worth $25,000 after acquiring an additional 100 shares during the period. Nova Wealth Management Inc. acquired a new stake in shares of J. M. Smucker in the 2nd quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of J. M. Smucker in the 1st quarter worth $30,000. Cooksen Wealth LLC acquired a new stake in shares of J. M. Smucker in the 1st quarter worth $33,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of J. M. Smucker in the 2nd quarter worth $39,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the completion of the sale, the chief financial officer directly owned 33,864 shares in the company, valued at $3,661,037.04. The trade was a 24.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.24% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SJM shares. Zacks Research upgraded shares of J. M. Smucker to a "hold" rating in a report on Monday, August 11th. Morgan Stanley increased their price target on shares of 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 cut their price target on shares of J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating for the company in a report on Thursday, August 28th. BNP Paribas upgraded shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, July 9th. Finally, BNP Paribas Exane upgraded shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price target for the company in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $118.00.

J. M. Smucker Stock Performance

NYSE:SJM opened at $102.48 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average price of $109.01 and a two-hundred day moving average price of $109.09. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42. The company has a market capitalization of $10.93 billion, a P/E ratio of -7.47, a price-to-earnings-growth ratio of 7.00 and a beta of 0.25.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted 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). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The business had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter last year, the business posted $2.44 earnings per share. The business's revenue was down .6% 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, research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

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.

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