The J. M. Smucker Company $SJM Stake Reduced by California Public Employees Retirement System

California Public Employees Retirement System trimmed its stake in The J. M. Smucker Company (NYSE:SJM) by 15.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 390,408 shares of the company’s stock after selling 71,553 shares during the quarter. California Public Employees Retirement System owned approximately 0.37% of J. M. Smucker worth $38,338,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC increased its holdings 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. Nova Wealth Management Inc. bought a new position in J. M. Smucker in the 2nd quarter worth about $25,000. AlphaQuest LLC bought a new position in J. M. Smucker in the 2nd quarter worth about $26,000. Bank of Jackson Hole Trust increased 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. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of J. M. Smucker during the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Up 0.3%

Shares of SJM stock opened at $99.71 on Thursday. The stock has a 50-day simple moving average of $104.30 and a 200 day simple moving average of $106.04. The stock has a market capitalization of $10.64 billion, a P/E ratio of -8.89, a P/E/G ratio of 6.76 and a beta of 0.22. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two 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 issued 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). J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the company posted $2.76 earnings per share. J. M. Smucker’s revenue was up 2.6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. On average, sell-side analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently issued reports on SJM. Citigroup reissued a “hold” rating on shares of J. M. Smucker in a report on Wednesday, November 26th. Sanford C. Bernstein increased their price target on J. M. Smucker from $110.00 to $113.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lowered their price target on J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Barclays reaffirmed an “equal weight” rating and issued a $105.00 price objective on shares of J. M. Smucker in a report on Friday, August 29th. Finally, Wells Fargo & Company raised their target price on shares of J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $116.79.

Insider Activity

In other news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the completion of the sale, the chief financial officer owned 33,864 shares in the company, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 2.24% of the company’s stock.

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.