Vest Financial LLC Lowers Stake in The J. M. Smucker Company $SJM

Key Points

• Vest Financial LLC reduced its stake in The J. M. Smucker Company by 14.1%, owning approximately 0.43% of the company valued at $44.6 million after selling 74,423 shares.
• The J. M. Smucker Company declared a quarterly dividend of $1.10, increasing from the previous $1.08, representing an annual yield of 4.2%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for J. M. Smucker, with a price target of $118.00, reflecting optimistic views about the company's future performance.

Vest Financial LLC reduced its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 14.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 454,192 shares of the company's stock after selling 74,423 shares during the quarter. Vest Financial LLC owned approximately 0.43% of J. M. Smucker worth $44,602,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in SJM. Farther Finance Advisors LLC lifted its stake in J. M. Smucker by 113.5% in the first quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company's stock worth $346,000 after acquiring an additional 1,554 shares during the period. CX Institutional purchased a new stake in J. M. Smucker in the first quarter worth about $222,000. Simon Quick Advisors LLC purchased a new stake in J. M. Smucker in the first quarter worth about $240,000. Everhart Financial Group Inc. lifted its stake in J. M. Smucker by 36.4% in the first quarter. Everhart Financial Group Inc. now owns 3,117 shares of the company's stock worth $369,000 after acquiring an additional 832 shares during the period. Finally, Salem Investment Counselors Inc. lifted its stake in J. M. Smucker by 19.2% in the first quarter. Salem Investment Counselors Inc. now owns 787 shares of the company's stock worth $93,000 after acquiring an additional 127 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total value of $1,204,237.29. Following the transaction, the chief financial officer owned 33,864 shares in the company, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.24% of the company's stock.

J. M. Smucker Stock Performance

SJM opened at $104.74 on Monday. 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 quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. The company has a market cap of $11.17 billion, a P/E ratio of -7.64, a price-to-earnings-growth ratio of 7.23 and a beta of 0.25. The firm's 50-day moving average price is $109.33 and its 200-day moving average price is $109.24.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) 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 company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the company earned $2.44 EPS. 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, equities analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $1.10 dividend. This is a boost from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date was Friday, August 15th. This represents a $4.40 annualized dividend and a yield of 4.2%. J. M. Smucker's dividend payout ratio is currently -32.09%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SJM. BNP Paribas raised shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research note on Wednesday, July 9th. BNP Paribas Exane upgraded shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 target price for the company in a report on Wednesday, July 9th. Morgan Stanley boosted their target price on shares of J. M. Smucker from $115.00 to $118.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Stifel Nicolaus boosted their target price on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a report on Tuesday, July 29th. Finally, UBS Group reduced their target price on shares of J. M. Smucker from $130.00 to $121.00 and set a "buy" rating for the company in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, J. M. Smucker presently has an average rating of "Moderate Buy" and a consensus price target of $118.00.

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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