The J. M. Smucker Company $SJM Shares Sold by Forsta AP Fonden

Forsta AP Fonden decreased its stake in The J. M. Smucker Company (NYSE:SJM) by 12.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,500 shares of the company’s stock after selling 2,900 shares during the quarter. Forsta AP Fonden’s holdings in J. M. Smucker were worth $1,915,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Tortoise Investment Management LLC boosted its position in J. M. Smucker by 87.0% in the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of J. M. Smucker in the 1st quarter valued at $30,000. Nova Wealth Management Inc. purchased a new stake in J. M. Smucker during the second quarter worth $25,000. AlphaQuest LLC acquired a new stake in J. M. Smucker during the second quarter valued at $26,000. Finally, Bank of Jackson Hole Trust increased its holdings in J. M. Smucker by 104.5% in the second quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock valued at $27,000 after buying an additional 140 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

NYSE SJM opened at $109.02 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.34. The stock’s 50 day simple moving average is $106.34 and its 200-day simple moving average is $107.36. The company has a market cap of $11.63 billion, a PE ratio of -7.95, a price-to-earnings-growth ratio of 6.97 and a beta of 0.24. The J. M. Smucker Company has a 1-year low of $93.30 and a 1-year high of $125.42.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.05). J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the firm posted $2.44 earnings per share. The firm’s revenue for the quarter 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. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, November 14th. J. M. Smucker’s dividend payout ratio is currently -32.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group lowered their target price on shares of J. M. Smucker from $130.00 to $121.00 and set a “buy” rating on the stock in a research note on Thursday, August 28th. Argus downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Friday, September 12th. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. Cfra Research upgraded J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, August 27th. Finally, DA Davidson lifted their price target on shares of J. M. Smucker from $104.00 to $112.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $118.38.

Insider Buying and Selling

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 value of $1,204,237.29. Following the transaction, the chief financial officer directly owned 33,864 shares of the company’s stock, valued at $3,661,037.04. This trade represents a 24.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.24% of the company’s stock.

About J. M. Smucker

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.