WBI Investments LLC Sells 8,082 Shares of The J. M. Smucker Company $SJM

Key Points

• WBI Investments LLC has reduced its stake in The J. M. Smucker Company by 62.9%, selling 8,082 shares and holding 4,768 shares worth approximately $565,000 at the end of the quarter.
• The J. M. Smucker Company reported an earnings miss for the most recent quarter, posting $1.90 EPS against the expected $1.95, despite revenue exceeding expectations at $2.11 billion.
• The company has declared an increased quarterly dividend of $1.10 per share, resulting in an annual yield of 4.0%, reflecting growth from the previous $1.08 dividend.

WBI Investments LLC reduced its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 62.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,768 shares of the company's stock after selling 8,082 shares during the quarter. WBI Investments LLC's holdings in J. M. Smucker were worth $565,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SJM. Focus Partners Wealth boosted its position in shares of J. M. Smucker by 357.9% in the fourth quarter. Focus Partners Wealth now owns 41,891 shares of the company's stock valued at $4,613,000 after acquiring an additional 32,743 shares during the period. Janus Henderson Group PLC boosted its position in shares of J. M. Smucker by 1.9% in the fourth quarter. Janus Henderson Group PLC now owns 13,207 shares of the company's stock valued at $1,454,000 after acquiring an additional 244 shares during the period. OMERS ADMINISTRATION Corp boosted its position in shares of J. M. Smucker by 20.6% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 4,446 shares of the company's stock valued at $490,000 after acquiring an additional 759 shares during the period. Northeast Financial Consultants Inc boosted its position in shares of J. M. Smucker by 15.0% in the fourth quarter. Northeast Financial Consultants Inc now owns 2,300 shares of the company's stock valued at $253,000 after acquiring an additional 300 shares during the period. Finally, Nomura Holdings Inc. boosted its position in shares of J. M. Smucker by 99.2% in the fourth quarter. Nomura Holdings Inc. now owns 3,502 shares of the company's stock valued at $386,000 after acquiring an additional 1,744 shares during the period. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Trading Up 0.8%

SJM stock opened at $110.87 on Friday. The company has a market capitalization of $11.83 billion, a PE ratio of -8.09, a price-to-earnings-growth ratio of 7.59 and a beta of 0.27. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $125.42. The company's 50 day moving average price is $109.16 and its two-hundred day moving average price is $109.96. 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 posted its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.05). The business had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The company's revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

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

Analysts Set New Price Targets

SJM has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating for the company in a research report on Thursday, August 28th. UBS Group dropped 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 research 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 research report on Wednesday, July 9th. Cfra Research upgraded shares of J. M. Smucker from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, August 27th. Finally, Barclays reiterated an "equal weight" rating and set a $105.00 target price on shares of J. M. Smucker in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, J. M. Smucker currently has a consensus rating of "Moderate Buy" and an average 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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