The J. M. Smucker Company $SJM Stock Position Lessened by Franklin Resources Inc.

Franklin Resources Inc. trimmed its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 32.3% during the second quarter, Holdings Channel.com reports. The firm owned 23,079 shares of the company’s stock after selling 10,995 shares during the quarter. Franklin Resources Inc.’s holdings in J. M. Smucker were worth $2,266,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. increased its stake 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 buying an additional 97 shares during the period. Tortoise Investment Management LLC lifted its stake in shares of J. M. Smucker by 87.0% in the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the period. Twin Capital Management Inc. boosted its holdings in shares of J. M. Smucker by 1.6% in the second quarter. Twin Capital Management Inc. now owns 7,317 shares of the company’s stock valued at $719,000 after acquiring an additional 117 shares in the last quarter. SouthState Corp increased its stake in shares of J. M. Smucker by 6.4% during the first quarter. SouthState Corp now owns 1,976 shares of the company’s stock valued at $234,000 after acquiring an additional 118 shares during the period. Finally, Golden State Wealth Management LLC increased its stake in shares of J. M. Smucker by 14.1% during the second quarter. Golden State Wealth Management LLC now owns 961 shares of the company’s stock valued at $94,000 after acquiring an additional 119 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer owned 33,864 shares in the company, valued at $3,661,037.04. The trade was a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 Stock Performance

SJM opened at $100.43 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.89 and a debt-to-equity ratio of 1.16. The firm has a market cap of $10.72 billion, a PE ratio of -8.95, a P/E/G ratio of 7.01 and a beta of 0.22. The business has a fifty day simple moving average of $105.14 and a 200-day simple moving average of $106.50. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $121.48.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.02). J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the company earned $2.76 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, equities analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, November 14th. J. M. Smucker’s dividend payout ratio (DPR) is presently -39.22%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on J. M. Smucker from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. UBS Group decreased their target price on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Sanford C. Bernstein lifted their target price 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. Finally, Argus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $116.79.

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.