Stock Yards Bank & Trust Co. Sells 387 Shares of The J. M. Smucker Company $SJM

Stock Yards Bank & Trust Co. lessened its stake in The J. M. Smucker Company (NYSE:SJMFree Report) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,356 shares of the company’s stock after selling 387 shares during the period. Stock Yards Bank & Trust Co.’s holdings in J. M. Smucker were worth $624,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SJM. Tortoise Investment Management LLC grew its position in shares of J. M. Smucker by 87.0% during the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the period. Nova Wealth Management Inc. acquired a new position in shares of J. M. Smucker in the second quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of J. M. Smucker in the first quarter valued at approximately $30,000. Cooksen Wealth LLC bought a new stake in shares of J. M. Smucker in the first quarter worth $33,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of J. M. Smucker in the second quarter worth $39,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SJM. Cfra Research raised shares of J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, August 27th. Morgan Stanley increased their price objective on shares of J. M. Smucker from $115.00 to $118.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Barclays restated an “equal weight” rating and issued a $105.00 price target on shares of J. M. Smucker in a research note on Friday, August 29th. Bank of America decreased their price target on shares of J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, August 28th. Finally, Citigroup reduced their price objective on shares of J. M. Smucker from $128.00 to $118.00 and set a “buy” rating on the stock in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Get Our Latest Analysis on J. M. Smucker

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the completion of the transaction, the chief financial officer owned 33,864 shares in the company, valued at approximately $3,661,037.04. This trade represents a 24.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.24% of the company’s stock.

J. M. Smucker Stock Up 0.4%

Shares of NYSE SJM opened at $108.19 on Friday. The company has a 50 day simple moving average of $109.61 and a 200 day simple moving average of $109.47. The firm has a market cap of $11.54 billion, a PE ratio of -7.89, a price-to-earnings-growth ratio of 7.47 and a beta of 0.25. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34.

J. M. Smucker (NYSE:SJMGet Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the business earned $2.44 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, August 15th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.08. J. M. Smucker’s dividend payout ratio (DPR) is -32.09%.

J. M. Smucker Company Profile

(Free Report)

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.

Recommended Stories

Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

Receive News & Ratings for J. M. Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J. M. Smucker and related companies with MarketBeat.com's FREE daily email newsletter.