State of Michigan Retirement System Sells 6,422 Shares of The J. M. Smucker Company $SJM

Posted by Francis Steltz on Jul 18th, 2026

State of Michigan Retirement System cut its stake in shares of The J. M. Smucker Company (NYSE:SJM – Free Report) by 18.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,839 shares of the company’s stock after selling 6,422 shares during the period. State of Michigan Retirement System’s holdings in J. M. Smucker were worth $2,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of SJM. Golden State Wealth Management LLC increased its position in shares of J. M. Smucker by 10.2% during the 4th quarter. Golden State Wealth Management LLC now owns 991 shares of the company’s stock valued at $97,000 after purchasing an additional 92 shares during the last quarter. Colonial Trust Advisors lifted its position in J. M. Smucker by 7.8% in the fourth quarter. Colonial Trust Advisors now owns 1,303 shares of the company’s stock worth $127,000 after buying an additional 94 shares during the last quarter. Harbour Investments Inc. lifted its position in J. M. Smucker by 2.1% in the fourth quarter. Harbour Investments Inc. now owns 4,652 shares of the company’s stock worth $455,000 after buying an additional 97 shares during the last quarter. Delta Asset Management LLC TN boosted its stake in J. M. Smucker by 7.8% during the fourth quarter. Delta Asset Management LLC TN now owns 1,378 shares of the company’s stock worth $135,000 after buying an additional 100 shares during the period. Finally, New Mexico Educational Retirement Board boosted its stake in J. M. Smucker by 2.1% during the fourth quarter. New Mexico Educational Retirement Board now owns 4,922 shares of the company’s stock worth $481,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 1.8%

Shares of NYSE SJM opened at $111.95 on Friday. The J. M. Smucker Company has a 52-week low of $88.25 and a 52-week high of $119.39. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of -86.12, a PEG ratio of 1.59 and a beta of 0.26. The stock has a 50 day moving average price of $108.28 and a 200 day moving average price of $104.08. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78.

J. M. Smucker (NYSE:SJM – Get Free Report) last released its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.64 by $0.13. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.J. M. Smucker’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Sell-side analysts expect that The J. M. Smucker Company will post 9.95 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SJM shares. Evercore began coverage on shares of J. M. Smucker in a research note on Friday, May 15th. They issued an “outperform” rating and a $117.00 target price on the stock. Wells Fargo & Company set a $115.00 price target on shares of J. M. Smucker in a research note on Wednesday, June 10th. Stifel Nicolaus cut their price target on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. Morgan Stanley increased their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. Finally, BTIG Research set a $130.00 price objective on shares of J. M. Smucker in a research note on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $121.13.

Read Our Latest Analysis on SJM

Insider Transactions at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 5,550 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $116.29, for a total transaction of $645,409.50. Following the transaction, the insider owned 16,039 shares in the company, valued at approximately $1,865,175.31. This trade represents a 25.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jill R. Penrose sold 5,000 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the completion of the sale, the insider directly owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. This trade represents a 24.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 18,533 shares of company stock valued at $2,132,914. 2.80% of the stock is currently owned by corporate insiders.

J. M. Smucker Profile

(Free Report)

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.

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Institutional Ownership by Quarter for J. M. Smucker (NYSE:SJM)

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