The J. M. Smucker Company $SJM Stake Lowered by Painted Porch Advisors LLC

Key Points

• Painted Porch Advisors LLC significantly reduced its stake in The J. M. Smucker Company by 88.5%, ending the quarter with only 550 shares worth $54,000.
• Other institutional investors like Royal Bank of Canada and Toronto Dominion Bank increased their holdings in J. M. Smucker during the same period, indicating mixed investor sentiments.
• The J. M. Smucker Company recently announced a quarterly dividend of $1.10, reflecting a slight increase from the previous dividend and a 4.0% yield.

Painted Porch Advisors LLC trimmed its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 88.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 550 shares of the company's stock after selling 4,252 shares during the quarter. Painted Porch Advisors LLC's holdings in J. M. Smucker were worth $54,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in J. M. Smucker by 13.1% during the 4th quarter. Royal Bank of Canada now owns 162,539 shares of the company's stock valued at $17,898,000 after purchasing an additional 18,877 shares in the last quarter. Woodline Partners LP bought a new position in J. M. Smucker during the 4th quarter valued at $704,000. Waverly Advisors LLC bought a new position in J. M. Smucker during the 4th quarter valued at $285,000. Toronto Dominion Bank boosted its stake in J. M. Smucker by 27.3% during the 4th quarter. Toronto Dominion Bank now owns 56,964 shares of the company's stock valued at $6,273,000 after purchasing an additional 12,207 shares in the last quarter. Finally, Forum Financial Management LP boosted its stake in J. M. Smucker by 44.9% during the 4th 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. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Trading Up 2.0%

Shares of NYSE:SJM opened at $108.80 on Monday. The company has a market cap of $11.61 billion, a P/E ratio of -7.94, a P/E/G ratio of 7.51 and a beta of 0.27. The stock's 50-day moving average is $109.38 and its 200-day moving average is $109.76. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.05). J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business earned $2.44 earnings per share. The firm's quarterly 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. Equities research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date was Friday, August 15th. J. M. Smucker's dividend payout ratio is presently -32.09%.

Analyst Ratings Changes

SJM has been the subject of a number of research reports. Barclays reaffirmed an "equal weight" rating and set a $105.00 price target on shares of J. M. Smucker in a research note on Friday, August 29th. BNP Paribas Exane upgraded J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price objective for the company in a research report on Wednesday, July 9th. Jefferies Financial Group upgraded J. M. Smucker from a "hold" rating to a "buy" rating and cut their price objective for the company from $118.00 to $115.00 in a research report on Wednesday, June 11th. Argus downgraded J. M. Smucker from a "buy" rating to a "hold" rating in a research report on Friday, September 12th. Finally, Morgan Stanley increased their price objective on J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $118.00.

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.

Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The J. M. Smucker Company (NYSE:SJM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.