The J. M. Smucker Company $SJM Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in The J. M. Smucker Company (NYSE:SJM) by 7.5% during the third quarter, Holdings Channel reports. The institutional investor owned 118,112 shares of the company’s stock after selling 9,546 shares during the quarter. Principal Financial Group Inc.’s holdings in J. M. Smucker were worth $12,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AlphaQuest LLC acquired a new stake in J. M. Smucker in the second quarter valued at $26,000. Root Financial Partners LLC purchased a new position in shares of J. M. Smucker in the 3rd quarter valued at about $29,000. Bank of Jackson Hole Trust lifted its stake in shares of J. M. Smucker by 104.5% in the second quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock valued at $27,000 after purchasing an additional 140 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in J. M. Smucker during the second quarter worth about $27,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in J. M. Smucker during the second quarter worth about $28,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Stifel Nicolaus dropped their price objective on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Canaccord Genuity Group upgraded J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. Morgan Stanley reissued an “equal weight” rating and issued a $105.00 target price (down previously from $115.00) on shares of J. M. Smucker in a report on Friday, January 16th. Finally, Sanford C. Bernstein raised their price target on J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a research report on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, J. M. Smucker has an average rating of “Hold” and an average target price of $114.93.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $109.29 on Wednesday. The company has a market cap of $11.66 billion, a P/E ratio of -9.74, a P/E/G ratio of 7.31 and a beta of 0.23. The business has a fifty day simple moving average of $101.46 and a 200-day simple moving average of $105.30. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $121.48. 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 posted its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Equities research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.40 annualized dividend and a yield of 4.0%. J. M. Smucker’s dividend payout ratio (DPR) is -39.22%.

J. M. Smucker Profile

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.