The J. M. Smucker Company $SJM Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in The J. M. Smucker Company (NYSE:SJM) by 81.7% in the third quarter, HoldingsChannel.com reports. The firm owned 4,195 shares of the company’s stock after selling 18,771 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in J. M. Smucker were worth $455,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SJM. Invesco Ltd. boosted its stake in J. M. Smucker by 7.5% during the second quarter. Invesco Ltd. now owns 2,819,028 shares of the company’s stock valued at $276,829,000 after buying an additional 195,774 shares in the last quarter. Geode Capital Management LLC grew its holdings in J. M. Smucker by 1.8% during the second quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company’s stock worth $271,539,000 after acquiring an additional 49,017 shares during the period. Balyasny Asset Management L.P. raised its position in J. M. Smucker by 45.4% in the second quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company’s stock worth $221,140,000 after acquiring an additional 703,382 shares in the last quarter. Ilex Capital Partners UK LLP raised its position in J. M. Smucker by 31.0% in the second quarter. Ilex Capital Partners UK LLP now owns 2,033,615 shares of the company’s stock worth $199,701,000 after acquiring an additional 481,660 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in J. M. Smucker by 0.9% in the 2nd quarter. LSV Asset Management now owns 1,391,770 shares of the company’s stock valued at $136,672,000 after acquiring an additional 12,450 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $100.50 on Friday. The stock has a market capitalization of $10.72 billion, a P/E ratio of -8.96, a P/E/G ratio of 6.84 and a beta of 0.23. The business has a 50-day moving average of $101.74 and a two-hundred day moving average of $105.22. 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 debt-to-equity ratio of 1.16, a current ratio of 0.89 and a quick ratio of 0.37.

J. M. Smucker (NYSE:SJM) last posted its earnings results 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 negative net margin of 13.61% and a positive return on equity of 15.26%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the business posted $2.76 earnings per share. The business’s quarterly 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, equities research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SJM. Sanford C. Bernstein increased their price objective 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. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. UBS Group dropped their price target on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Stifel Nicolaus cut their price objective on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. Finally, Citigroup reiterated a “hold” rating on shares of J. M. Smucker in a report on Wednesday, November 26th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and a consensus target price of $115.64.

About J. M. Smucker

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.