Reik & CO. LLC Sells 4,492 Shares of The J. M. Smucker Company $SJM

Reik & CO. LLC lessened its position in shares of The J. M. Smucker Company (NYSE:SJM) by 8.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,397 shares of the company’s stock after selling 4,492 shares during the quarter. J. M. Smucker accounts for 1.2% of Reik & CO. LLC’s portfolio, making the stock its 11th biggest holding. Reik & CO. LLC’s holdings in J. M. Smucker were worth $4,654,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SJM. Robeco Institutional Asset Management B.V. increased its position in shares of J. M. Smucker by 4,906.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 613,910 shares of the company’s stock valued at $60,286,000 after purchasing an additional 601,647 shares during the last quarter. Maverick Capital Ltd. bought a new stake in J. M. Smucker during the first quarter valued at approximately $64,125,000. LSV Asset Management increased its holdings in J. M. Smucker by 48.4% during the first quarter. LSV Asset Management now owns 1,379,320 shares of the company’s stock valued at $163,325,000 after buying an additional 449,920 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in J. M. Smucker in the first quarter worth approximately $33,055,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of J. M. Smucker by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock worth $267,252,000 after acquiring an additional 248,110 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the business’s stock in a transaction 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 sale, the chief financial officer 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.24% of the company’s stock.

J. M. Smucker Stock Performance

NYSE:SJM opened at $107.03 on Friday. The stock has a 50-day moving average price of $106.57 and a 200 day moving average price of $107.59. The stock has a market capitalization of $11.42 billion, a P/E ratio of -7.81, a P/E/G ratio of 6.97 and a beta of 0.24. 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 current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 EPS 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 business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the firm posted $2.44 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Equities research analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced 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 4.1%. The ex-dividend date of this dividend is Friday, November 14th. J. M. Smucker’s dividend payout ratio (DPR) is presently -32.09%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SJM shares. Zacks Research raised J. M. Smucker to a “hold” rating in a report on Monday, August 11th. Morgan Stanley upped their price target on J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. JPMorgan Chase & Co. lowered their price objective on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating on the stock in a research report on Thursday, August 28th. DA Davidson increased their target price on shares of J. M. Smucker from $104.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Finally, UBS Group lowered their price target on shares of J. M. Smucker from $130.00 to $121.00 and set a “buy” rating on the stock in a report on Thursday, August 28th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.38.

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.