The J. M. Smucker Company $SJM Stake Lessened by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its stake in The J. M. Smucker Company by 7.7% in the 1st quarter, now holding 35,774 shares valued at approximately $4.23 million.
• The company recently increased its quarterly dividend to $1.10 per share, reflecting an annualized dividend yield of 3.9%.
• J. M. Smucker reported earnings of $2.31 per share for the last quarter, surpassing analysts' expectations, but experienced a 2.8% decline in year-over-year revenue.

Russell Investments Group Ltd. decreased its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,774 shares of the company's stock after selling 3,001 shares during the period. Russell Investments Group Ltd.'s holdings in J. M. Smucker were worth $4,227,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SJM. XTX Topco Ltd bought a new stake in J. M. Smucker during the fourth quarter valued at $306,000. GeoWealth Management LLC boosted its holdings 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 acquiring an additional 126 shares during the period. Natixis boosted its holdings in shares of J. M. Smucker by 14.0% during the fourth quarter. Natixis now owns 2,470 shares of the company's stock valued at $272,000 after acquiring an additional 304 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of J. M. Smucker by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 28,105 shares of the company's stock valued at $3,095,000 after acquiring an additional 488 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of J. M. Smucker by 128.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,452 shares of the company's stock valued at $710,000 after acquiring an additional 3,633 shares during the period. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $113.1820 on Friday. 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 current ratio of 0.81, a quick ratio of 0.35 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of -9.79, a PEG ratio of 8.40 and a beta of 0.31. The firm has a 50-day moving average of $105.67 and a two-hundred day moving average of $109.39.

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

J. M. Smucker Increases Dividend

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

Analyst Ratings Changes

SJM has been the subject of several analyst reports. BNP Paribas Exane raised 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. BNP Paribas raised shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a report on Wednesday, July 9th. Jefferies Financial Group raised shares of J. M. Smucker from a "hold" rating to a "buy" rating and reduced their price target for the company from $118.00 to $115.00 in a report on Wednesday, June 11th. Wells Fargo & Company boosted their price target on shares of J. M. Smucker from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Monday. Finally, Zacks Research raised shares of J. M. Smucker to a "hold" rating in a report on Monday, August 11th. One investment 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 company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $119.69.

Insider Transactions at J. M. Smucker

In related news, Director Tarang Amin acquired 1,050 shares of the business's stock in a transaction 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 in the company, valued at approximately $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.

About J. M. Smucker

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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