Resonant Capital Advisors LLC Sells 12,088 Shares of The J. M. Smucker Company $SJM

Resonant Capital Advisors LLC reduced its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 81.9% in the third quarter, HoldingsChannel.com reports. The firm owned 2,665 shares of the company’s stock after selling 12,088 shares during the period. Resonant Capital Advisors LLC’s holdings in J. M. Smucker were worth $289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of J. M. Smucker during the second quarter valued at approximately $112,829,000. Engineers Gate Manager LP purchased a new stake in J. M. Smucker in the 2nd quarter valued at $109,896,000. Assenagon Asset Management S.A. lifted its stake in J. M. Smucker by 811.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 919,139 shares of the company’s stock valued at $99,818,000 after acquiring an additional 818,245 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in J. M. Smucker by 45.4% during the 2nd 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 during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of J. M. Smucker by 4,906.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 613,910 shares of the company’s stock worth $60,286,000 after acquiring an additional 601,647 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SJM shares. JPMorgan Chase & Co. dropped their price target on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. TD Cowen dropped their target price on shares of J. M. Smucker from $111.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $105.00 target price (down from $115.00) on shares of J. M. Smucker in a report on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group raised J. M. Smucker to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $114.93.

J. M. Smucker Trading Down 2.7%

NYSE:SJM opened at $102.00 on Tuesday. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $121.48. 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 firm’s 50 day moving average is $101.41 and its 200 day moving average is $105.38. The stock has a market capitalization of $10.88 billion, a PE ratio of -9.09, a price-to-earnings-growth ratio of 6.94 and a beta of 0.23.

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

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $4.40 annualized dividend and a yield of 4.3%. J. M. Smucker’s dividend payout ratio (DPR) is -39.22%.

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.