The J. M. Smucker Company $SJM Stake Decreased by ING Groep NV

ING Groep NV lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 91.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,914 shares of the company’s stock after selling 161,905 shares during the quarter. ING Groep NV’s holdings in J. M. Smucker were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SJM. UBS Group AG raised its holdings in shares of J. M. Smucker by 238.7% during the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after buying an additional 2,765,559 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of J. M. Smucker by 6,854.4% during the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after buying an additional 1,505,991 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of J. M. Smucker by 797.4% during the third quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock valued at $152,167,000 after buying an additional 1,245,035 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in J. M. Smucker during the third quarter worth approximately $112,944,000. Finally, Norges Bank bought a new stake in J. M. Smucker during the fourth quarter worth approximately $92,960,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the topic of several recent analyst reports. Sanford C. Bernstein dropped their target price on J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. TD Cowen dropped their target price on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating on the stock in a report on Thursday, March 19th. Evercore initiated coverage on J. M. Smucker in a report on Friday, May 15th. They set an “outperform” rating and a $117.00 target price on the stock. Wall Street Zen cut J. M. Smucker from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Morgan Stanley boosted their target price on J. M. Smucker from $104.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $116.71.

Key Stories Impacting J. M. Smucker

Here are the key news stories impacting J. M. Smucker this week:

• Positive Sentiment: Fiscal Q4 earnings of $2.77 per share beat estimates, and revenue of $2.27 billion also came in slightly above forecasts, reinforcing confidence in the turnaround. The J.M. Smucker Co. Announces Fiscal Year 2026 Fourth Quarter Results and Provides Full-Year Fiscal 2027 Outlook
• Positive Sentiment: Higher pricing and cost discipline helped expand profits, while the coffee segment was a key driver of the quarter’s outperformance. JM Smucker beats quarterly estimates as coffee segment drives growth
• Neutral Sentiment: Management issued upbeat EPS guidance for fiscal 2027, but revenue guidance was weaker than expected, creating a mixed read-through for investors. J.M. Smucker Expects Sales to Fall This Year
• Negative Sentiment: The company signaled sales may decline next year as volume trends remain soft in coffee and baked goods, which could limit upside if pricing momentum fades. J.M. Smucker Stock Rises. Earnings and Guidance Go in Opposite Directions.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $111.94 on Wednesday. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of -9.49, a PEG ratio of 6.89 and a beta of 0.27. The J. M. Smucker Company has a 12 month low of $88.25 and a 12 month high of $119.39. The stock’s 50 day moving average price is $98.37 and its 200 day moving average price is $101.73. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.13. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Equities research analysts anticipate that The J. M. Smucker Company will post 9.03 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.40 annualized dividend and a dividend yield of 3.9%. J. M. Smucker’s dividend payout ratio is currently -37.32%.

J. M. Smucker 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.