Federated Hermes Inc. Sells 9,677 Shares of The J. M. Smucker Company $SJM

Federated Hermes Inc. lowered its position in shares of The J. M. Smucker Company (NYSE:SJM) by 67.0% in the third quarter, HoldingsChannel reports. The fund owned 4,776 shares of the company’s stock after selling 9,677 shares during the period. Federated Hermes Inc.’s holdings in J. M. Smucker were worth $519,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SJM. AlphaQuest LLC bought a new stake in J. M. Smucker during the 2nd quarter worth about $26,000. Root Financial Partners LLC acquired a new stake in shares of J. M. Smucker during the 3rd quarter worth approximately $29,000. Bank of Jackson Hole Trust raised its stake in shares of J. M. Smucker by 104.5% during the second quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock worth $27,000 after buying an additional 140 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in J. M. Smucker in the second quarter valued at approximately $27,000. Finally, Elevation Point Wealth Partners LLC bought a new position in J. M. Smucker in the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on SJM shares. JPMorgan Chase & Co. dropped their target price on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Canaccord Genuity Group raised J. M. Smucker to a “buy” rating in a research note on Friday, January 16th. Sanford C. Bernstein upped their price objective on J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a report on Wednesday, November 26th. Morgan Stanley reissued an “equal weight” rating and issued a $105.00 target price (down previously from $115.00) on shares of J. M. Smucker in a research note on Friday, January 16th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $114.93.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $109.64 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.89 and a quick ratio of 0.37. The business has a 50-day moving average of $101.21 and a 200-day moving average of $105.33. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of -9.77, a PEG ratio of 7.45 and a beta of 0.23. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two 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 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.02). The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The business’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. As a group, sell-side analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, February 13th. J. M. Smucker’s payout ratio is presently -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.