Metis Global Partners LLC Sells 465 Shares of The J. M. Smucker Company $SJM

Metis Global Partners LLC reduced its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 10.9% in the second quarter, Holdings Channel.com reports. The fund owned 3,810 shares of the company’s stock after selling 465 shares during the quarter. Metis Global Partners LLC’s holdings in J. M. Smucker were worth $374,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SJM. Tortoise Investment Management LLC lifted its position in shares of J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Nova Wealth Management Inc. purchased a new position in J. M. Smucker in the 2nd quarter worth about $25,000. AlphaQuest LLC bought a new stake in J. M. Smucker during the 2nd quarter valued at about $26,000. Bank of Jackson Hole Trust boosted its position in J. M. Smucker by 104.5% in the 2nd quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock valued at $27,000 after buying an additional 140 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in J. M. Smucker in the 1st quarter worth about $30,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Up 1.3%

SJM opened at $109.89 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of -8.02, a PEG ratio of 6.97 and a beta of 0.24. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42. The stock has a fifty day moving average price of $106.44 and a 200-day moving average price of $107.43.

J. M. Smucker (NYSE:SJM) last posted its earnings results 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). The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. J. M. Smucker’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 4.0%. J. M. Smucker’s dividend payout ratio is presently -32.09%.

Analyst Ratings Changes

SJM has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, October 8th. Morgan Stanley upped their target price on J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Argus downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Friday, September 12th. Wells Fargo & Company lifted their price objective on J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Finally, Barclays reiterated an “equal weight” rating and set a $105.00 target price on shares of J. M. Smucker in a report on Friday, August 29th. One research 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.38.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction 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 directly owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. The trade was a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.24% of the stock is currently owned by company insiders.

J. M. Smucker Company 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.