Ethic Inc. Sells 1,161 Shares of The J. M. Smucker Company $SJM

Ethic Inc. reduced its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,581 shares of the company’s stock after selling 1,161 shares during the quarter. Ethic Inc.’s holdings in J. M. Smucker were worth $4,072,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in J. M. Smucker by 5.3% during the first 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 during the last quarter. Integrated Wealth Concepts LLC increased its stake in J. M. Smucker by 283.2% during the first quarter. Integrated Wealth Concepts LLC now owns 7,481 shares of the company’s stock worth $886,000 after acquiring an additional 5,529 shares during the last quarter. Swedbank AB increased its stake 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 acquiring an additional 10,813 shares during the last quarter. Costello Asset Management INC bought a new stake in J. M. Smucker during the first quarter worth approximately $50,000. Finally, Douglas Lane & Associates LLC increased its stake in J. M. Smucker by 2.0% during the second quarter. Douglas Lane & Associates LLC now owns 308,401 shares of the company’s stock worth $30,285,000 after acquiring an additional 6,051 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Down 2.1%

Shares of NYSE SJM opened at $102.55 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of -7.48, a PEG ratio of 7.23 and a beta of 0.25. The stock has a 50 day moving average price of $108.07 and a 200 day moving average price of $108.54. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Sell-side analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently declared 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. The ex-dividend date is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.3%. J. M. Smucker’s payout ratio is presently -32.09%.

Analysts Set New Price Targets

SJM has been the topic of several analyst reports. Royal Bank Of Canada initiated coverage on J. M. Smucker in a research note on Monday, July 7th. They set an “outperform” rating and a $130.00 price objective on the stock. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating for the company in a research report on Thursday, August 28th. Argus lowered J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Friday, September 12th. Finally, Wells Fargo & Company boosted their target price on J. M. Smucker from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. One research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Insider Activity

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 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 in the company, valued at approximately $3,661,037.04. The trade was a 24.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.24% of the company’s stock.

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.