Tobam Sells 10,119 Shares of The J. M. Smucker Company $SJM

Tobam lowered its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 86.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,607 shares of the company’s stock after selling 10,119 shares during the quarter. Tobam’s holdings in J. M. Smucker were worth $158,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quinn Opportunity Partners LLC bought a new stake in J. M. Smucker in the 2nd quarter valued at $982,000. Beck Bode LLC purchased a new stake in shares of J. M. Smucker in the second quarter worth about $1,014,000. National Pension Service boosted its stake in J. M. Smucker by 340.2% during the second quarter. National Pension Service now owns 1,686 shares of the company’s stock valued at $166,000 after buying an additional 1,303 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in J. M. Smucker by 5.4% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 244,749 shares of the company’s stock worth $24,034,000 after acquiring an additional 12,535 shares during the last quarter. Finally, Aviva PLC raised its holdings in shares of J. M. Smucker by 8.3% during the 2nd quarter. Aviva PLC now owns 79,091 shares of the company’s stock worth $7,767,000 after acquiring an additional 6,066 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on SJM shares. Cfra Research raised shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, August 27th. DA Davidson lifted their price target on J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Barclays reissued an “equal weight” rating and set a $105.00 price objective on shares of J. M. Smucker in a research note on Friday, August 29th. UBS Group lowered their price objective on J. M. Smucker from $130.00 to $121.00 and set a “buy” rating for the company in a research note on Thursday, August 28th. Finally, Morgan Stanley lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.38.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the transaction, the chief financial officer directly owned 33,864 shares in the company, valued at $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.24% of the stock is currently owned by company insiders.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $109.89 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The company has a market capitalization of $11.72 billion, a PE ratio of -8.02, a P/E/G ratio of 6.97 and a beta of 0.24. The company has a 50 day moving average price of $106.44 and a 200-day moving average price of $107.43. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42.

J. M. Smucker (NYSE:SJM) last announced 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). The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

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

About J. M. Smucker

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.