Ethic Inc. Has $5.96 Million Stock Position in The J. M. Smucker Company $SJM

Ethic Inc. increased its position in shares of The J. M. Smucker Company (NYSE:SJM) by 28.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,860 shares of the company’s stock after acquiring an additional 12,279 shares during the quarter. Ethic Inc.’s holdings in J. M. Smucker were worth $5,958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mattson Financial Services LLC acquired a new stake in J. M. Smucker during the 3rd quarter valued at $1,033,000. Thompson Investment Management Inc. purchased a new position in shares of J. M. Smucker during the third quarter valued at $5,464,000. Meyer Handelman Co. raised its position in J. M. Smucker by 38.7% during the third quarter. Meyer Handelman Co. now owns 14,268 shares of the company’s stock valued at $1,550,000 after buying an additional 3,979 shares during the period. HBW Advisory Services LLC lifted its stake in J. M. Smucker by 1.5% in the 3rd quarter. HBW Advisory Services LLC now owns 18,170 shares of the company’s stock worth $1,973,000 after acquiring an additional 276 shares in the last quarter. Finally, Avanza Fonder AB boosted its position in J. M. Smucker by 77.7% during the 3rd quarter. Avanza Fonder AB now owns 13,161 shares of the company’s stock worth $1,429,000 after acquiring an additional 5,753 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.4%

J. M. Smucker stock opened at $99.23 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.37 and a debt-to-equity ratio of 1.16. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $121.48. The firm’s fifty day simple moving average is $102.87 and its 200-day simple moving average is $105.22. The company has a market capitalization of $10.59 billion, a P/E ratio of -8.84, a P/E/G ratio of 6.77 and a beta of 0.22.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the company posted $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. Sell-side analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SJM. UBS Group dropped their target price on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Morgan Stanley dropped their price objective on shares of J. M. Smucker from $118.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. Citigroup restated a “hold” rating on shares of J. M. Smucker in a report on Wednesday, November 26th. Finally, Sanford C. Bernstein increased their price objective 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. One equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $116.79.

J. M. Smucker Company 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.