The J. M. Smucker Company $SJM Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in shares of The J. M. Smucker Company (NYSE:SJM) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,215 shares of the company’s stock after selling 595 shares during the period. Envestnet Asset Management Inc.’s holdings in J. M. Smucker were worth $4,342,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of J. M. Smucker by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 815,412 shares of the company’s stock worth $96,553,000 after acquiring an additional 41,249 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in J. M. Smucker by 283.2% in the first quarter. Integrated Wealth Concepts LLC now owns 7,481 shares of the company’s stock valued at $886,000 after purchasing an additional 5,529 shares during the last quarter. Swedbank AB raised its holdings in J. M. Smucker by 7.9% during the second quarter. Swedbank AB now owns 147,812 shares of the company’s stock worth $14,515,000 after purchasing an additional 10,813 shares in the last quarter. Clark & Stuart Inc lifted its position in shares of J. M. Smucker by 3.6% during the 2nd quarter. Clark & Stuart Inc now owns 75,035 shares of the company’s stock worth $7,368,000 after buying an additional 2,601 shares during the last quarter. Finally, Costello Asset Management INC acquired a new position in shares of J. M. Smucker in the 1st quarter valued at $50,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

SJM has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Bank of America cut their target price on J. M. Smucker from $120.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, August 28th. Stifel Nicolaus boosted their target price on J. M. Smucker from $110.00 to $115.00 and gave the company a “hold” rating in a report on Friday, October 24th. Argus downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a research note on Friday, September 12th. Finally, Morgan Stanley boosted their price objective on J. M. Smucker from $115.00 to $118.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, J. M. Smucker currently has a consensus rating of “Moderate Buy” and an average price target of $118.38.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the sale, the chief financial officer owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.24% of the company’s stock.

J. M. Smucker Trading Up 0.4%

Shares of J. M. Smucker stock opened at $110.27 on Friday. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of -8.04, a price-to-earnings-growth ratio of 6.97 and a beta of 0.24. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42. The company’s 50-day simple moving average is $106.40 and its 200-day simple moving average is $107.45. 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 negative net margin of 16.75% and a positive return on equity of 15.41%. 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 EPS. J. M. Smucker’s revenue for the quarter was down .6% compared to the same quarter last year. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. As a group, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a $1.10 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.40 annualized dividend and a yield of 4.0%. J. M. Smucker’s dividend payout ratio is presently -32.09%.

About J. M. Smucker

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.