Westwood Holdings Group Inc. Trims Stock Holdings in The J. M. Smucker Company $SJM

Westwood Holdings Group Inc. lowered its stake in The J. M. Smucker Company (NYSE:SJM) by 7.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 52,416 shares of the company’s stock after selling 4,400 shares during the quarter. Westwood Holdings Group Inc.’s holdings in J. M. Smucker were worth $5,147,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC raised its stake in 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 acquiring an additional 100 shares during the period. Nova Wealth Management Inc. bought a new position in shares of J. M. Smucker in the second quarter worth approximately $25,000. AlphaQuest LLC purchased a new stake in shares of J. M. Smucker in the second quarter worth $26,000. Bank of Jackson Hole Trust raised its position in shares of J. M. Smucker by 104.5% during the 2nd quarter. Bank of Jackson Hole Trust now owns 274 shares of the company’s stock valued at $27,000 after purchasing an additional 140 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of J. M. Smucker during the 1st quarter valued at $30,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SJM shares. Bank of America cut their price target on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, August 28th. Cfra Research upgraded J. M. Smucker from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, August 27th. Zacks Research raised J. M. Smucker to a “hold” rating in a report on Monday, August 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating for the company in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $118.38.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction dated 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 sale, the chief financial officer owned 33,864 shares in the company, valued at $3,661,037.04. This trade represents a 24.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.24% of the company’s stock.

J. M. Smucker Stock Down 1.2%

Shares of NYSE:SJM opened at $109.02 on Friday. The company has a 50-day moving average price of $106.34 and a 200 day moving average price of $107.36. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The J. M. Smucker Company has a 12 month low of $93.30 and a 12 month high of $125.42. The company has a market cap of $11.63 billion, a price-to-earnings ratio of -7.95, a PEG ratio of 6.97 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share 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 firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm earned $2.44 EPS. The company’s revenue was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities research analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a $1.10 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 4.0%. J. M. Smucker’s dividend payout ratio (DPR) is presently -32.09%.

J. M. Smucker Company Profile

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.