Vanguard Group Inc. Has $1.36 Billion Stock Holdings in The J. M. Smucker Company $SJM

Vanguard Group Inc. lessened its stake in The J. M. Smucker Company (NYSE:SJM) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,491,064 shares of the company’s stock after selling 404,190 shares during the quarter. Vanguard Group Inc. owned 0.12% of J. M. Smucker worth $1,356,530,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Invesco Ltd. raised its stake in shares of J. M. Smucker by 7.5% during the 2nd quarter. Invesco Ltd. now owns 2,819,028 shares of the company’s stock worth $276,829,000 after purchasing an additional 195,774 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of J. M. Smucker by 1.8% during the second quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company’s stock worth $271,539,000 after purchasing an additional 49,017 shares during the period. Balyasny Asset Management L.P. increased its stake in J. M. Smucker by 45.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company’s stock worth $221,140,000 after acquiring an additional 703,382 shares during the period. Ilex Capital Partners UK LLP raised its stake in J. M. Smucker by 31.0% in the second quarter. Ilex Capital Partners UK LLP now owns 2,033,615 shares of the company’s stock valued at $199,701,000 after purchasing an additional 481,660 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of J. M. Smucker by 13.8% in the 3rd quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company’s stock valued at $169,661,000 after buying an additional 188,868 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Trading Up 0.7%

NYSE:SJM opened at $110.37 on Friday. The J. M. Smucker Company has a 52 week low of $93.30 and a 52 week high of $121.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.89. The firm’s fifty day moving average is $102.95 and its 200-day moving average is $105.37. The firm has a market cap of $11.78 billion, a P/E ratio of -9.84, a P/E/G ratio of 7.45 and a beta of 0.23.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.12 by ($0.02). The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. J. M. Smucker’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Equities 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 firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, February 13th. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. J. M. Smucker’s dividend payout ratio is presently -39.22%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SJM shares. UBS Group dropped their price objective on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Stifel Nicolaus lowered their price target on shares of J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, November 26th. Canaccord Genuity Group raised J. M. Smucker to a “buy” rating in a report on Friday, January 16th. JPMorgan Chase & Co. reduced their price objective on J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Finally, Sanford C. Bernstein increased their target price on J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a research report on Wednesday, November 26th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $115.43.

J. M. Smucker Profile

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.