Flagship Harbor Advisors LLC Lowers Position in The J. M. Smucker Company $SJM

Flagship Harbor Advisors LLC cut its stake in The J. M. Smucker Company (NYSE:SJM) by 4.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,827 shares of the company’s stock after selling 396 shares during the period. Flagship Harbor Advisors LLC’s holdings in J. M. Smucker were worth $769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tortoise Investment Management LLC lifted its holdings in J. M. Smucker by 87.0% in the first 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. N.E.W. Advisory Services LLC purchased a new stake in J. M. Smucker in the first quarter worth about $30,000. Nova Wealth Management Inc. purchased a new stake in J. M. Smucker in the second quarter worth about $25,000. Cooksen Wealth LLC purchased a new stake in J. M. Smucker in the first quarter worth about $33,000. Finally, AlphaQuest LLC purchased a new stake in J. M. Smucker in the second quarter worth about $26,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $102.24 on Friday. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $125.42. The firm has a market cap of $10.91 billion, a P/E ratio of -7.46, a PEG ratio of 6.97 and a beta of 0.25. The company has a 50 day moving average of $107.18 and a 200 day moving average of $108.15. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19.

J. M. Smucker (NYSE:SJM) last announced 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 positive return on equity of 15.41% and a negative net margin of 16.75%.The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the firm earned $2.44 earnings per share. J. M. Smucker’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, research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, November 14th. J. M. Smucker’s payout ratio is presently -32.09%.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 11,139 shares of the business’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 completion of the transaction, the chief financial officer directly owned 33,864 shares in the company, valued at $3,661,037.04. The trade was a 24.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

SJM has been the subject of a number of analyst reports. BNP Paribas raised shares of J. M. Smucker from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, July 9th. Morgan Stanley lifted their target price on shares of J. M. Smucker from $115.00 to $118.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Bank of America lowered their target price on shares of J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, August 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered 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 report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.38.

J. M. Smucker 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.