Skandinaviska Enskilda Banken AB publ Sells 6,205 Shares of The J. M. Smucker Company $SJM

Skandinaviska Enskilda Banken AB publ lowered its position in The J. M. Smucker Company (NYSE:SJM) by 21.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,568 shares of the company’s stock after selling 6,205 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in J. M. Smucker were worth $2,451,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of J. M. Smucker by 10.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock worth $2,286,000 after purchasing an additional 1,763 shares in the last quarter. United Services Automobile Association bought a new position in J. M. Smucker in the 1st quarter worth approximately $253,000. Empowered Funds LLC boosted its holdings in J. M. Smucker by 28.6% in the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after buying an additional 2,889 shares during the period. Woodline Partners LP grew its stake in J. M. Smucker by 40.7% in the 1st quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after buying an additional 2,600 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in J. M. Smucker by 2.6% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,872 shares of the company’s stock valued at $380,000 after acquiring an additional 97 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $110.37 on Friday. The business has a 50-day simple moving average of $102.95 and a 200 day simple moving average of $105.37. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $121.48. The stock has a market cap of $11.78 billion, a price-to-earnings ratio of -9.84, a PEG ratio of 7.45 and a beta of 0.23. The company has a quick ratio of 0.37, a current ratio of 0.89 and a debt-to-equity ratio of 1.16.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.32 billion. J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. On average, research analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.0%. J. M. Smucker’s dividend payout ratio is presently -39.22%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SJM. Citigroup reaffirmed a “hold” rating on shares of J. M. Smucker in a report on Wednesday, November 26th. Sanford C. Bernstein increased their price objective on J. M. Smucker from $110.00 to $113.00 and gave the stock a “market perform” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. cut their target price on J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $105.00 target price (down previously from $115.00) on shares of J. M. Smucker in a report on Friday, January 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and a consensus target price of $115.43.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.