Bailard Inc. Sells 8,191 Shares of The J. M. Smucker Company $SJM

Bailard Inc. trimmed its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 64.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,553 shares of the company’s stock after selling 8,191 shares during the quarter. Bailard Inc.’s holdings in J. M. Smucker were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. boosted its stake in shares of J. M. Smucker by 2.6% during the second quarter. Cullen Frost Bankers Inc. now owns 3,872 shares of the company’s stock valued at $380,000 after purchasing an additional 97 shares during the period. Twin Capital Management Inc. raised its holdings in J. M. Smucker by 1.6% during the 2nd quarter. Twin Capital Management Inc. now owns 7,317 shares of the company’s stock valued at $719,000 after buying an additional 117 shares during the last quarter. Golden State Wealth Management LLC boosted its position in J. M. Smucker by 14.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 961 shares of the company’s stock valued at $94,000 after buying an additional 119 shares during the period. Private Trust Co. NA grew its holdings in J. M. Smucker by 10.8% in the 2nd quarter. Private Trust Co. NA now owns 1,338 shares of the company’s stock worth $131,000 after acquiring an additional 130 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of J. M. Smucker by 6.7% in the second quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock valued at $217,000 after acquiring an additional 138 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TD Cowen dropped their target price on shares of J. M. Smucker from $111.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Canaccord Genuity Group upgraded J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. Sanford C. Bernstein boosted their target price on J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, November 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $105.00 price target (down previously from $115.00) on shares of J. M. Smucker in a research note on Friday, January 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $114.93.

J. M. Smucker Stock Up 0.4%

Shares of NYSE:SJM opened at $102.53 on Friday. The firm has a market capitalization of $10.94 billion, a P/E ratio of -9.14, a P/E/G ratio of 6.94 and a beta of 0.23. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.89. The stock has a 50 day moving average price of $100.86 and a 200-day moving average price of $105.33. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $121.48.

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 the consensus estimate of $2.12 by ($0.02). The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.J. M. Smucker’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.76 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

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

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.