Sumitomo Mitsui Trust Group Inc. Sells 38,641 Shares of The J. M. Smucker Company $SJM

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 12.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 272,372 shares of the company’s stock after selling 38,641 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of J. M. Smucker worth $29,580,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SJM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of J. M. Smucker by 10.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock valued at $2,286,000 after buying an additional 1,763 shares in the last quarter. United Services Automobile Association bought a new stake in J. M. Smucker during the first quarter valued at $253,000. Empowered Funds LLC grew its position in J. M. Smucker by 28.6% during the first quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after buying an additional 2,889 shares in the last quarter. Woodline Partners LP increased its stake in J. M. Smucker by 40.7% in the 1st quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock worth $1,065,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Czech National Bank raised its holdings in shares of J. M. Smucker by 6.4% in the 2nd quarter. Czech National Bank now owns 26,012 shares of the company’s stock valued at $2,554,000 after acquiring an additional 1,570 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $102.00 on Friday. The firm has a fifty day simple moving average of $101.52 and a two-hundred day simple moving average of $105.37. The company has a quick ratio of 0.37, a current ratio of 0.89 and a debt-to-equity ratio of 1.16. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $121.48. The company has a market capitalization of $10.88 billion, a PE ratio of -9.09, a P/E/G ratio of 7.13 and a beta of 0.23.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data 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 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%.The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, November 14th. J. M. Smucker’s dividend payout ratio is -39.22%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group decreased their price objective on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. Citigroup reiterated a “hold” rating on shares of J. M. Smucker in a research 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. Finally, Sanford C. Bernstein lifted their price target on J. M. Smucker from $110.00 to $113.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $114.93.

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.