The J. M. Smucker Company $SJM Stake Decreased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its stake in The J. M. Smucker Company (NYSE:SJM) by 34.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 9,426 shares of the company’s stock after selling 4,928 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in J. M. Smucker were worth $909,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG boosted its holdings in J. M. Smucker by 238.7% during the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock worth $383,834,000 after buying an additional 2,765,559 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of J. M. Smucker by 33.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock valued at $331,807,000 after purchasing an additional 850,943 shares during the period. Invesco Ltd. lifted its position in J. M. Smucker by 5.8% in the 4th quarter. Invesco Ltd. now owns 2,783,272 shares of the company’s stock worth $272,232,000 after buying an additional 151,872 shares in the last quarter. Morgan Stanley raised its holdings in shares of J. M. Smucker by 16.8% during the fourth quarter. Morgan Stanley now owns 2,486,596 shares of the company’s stock worth $243,214,000 after acquiring an additional 357,253 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of J. M. Smucker by 6,854.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after buying an additional 1,505,991 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SJM has been the topic of a number of analyst reports. Wall Street Zen raised J. M. Smucker from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Morgan Stanley upped their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 10th. UBS Group raised their target price on J. M. Smucker from $121.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. lifted their price objective on J. M. Smucker from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $137.00 target price on shares of J. M. Smucker in a research report on Wednesday, June 10th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and a consensus price target of $121.13.

J. M. Smucker Stock Down 1.8%

NYSE SJM opened at $111.95 on Friday. The stock’s 50 day simple moving average is $108.28 and its 200 day simple moving average is $104.08. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $119.39. The firm has a market cap of $11.94 billion, a PE ratio of -86.12, a price-to-earnings-growth ratio of 1.59 and a beta of 0.26. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.13. The firm had revenue of $2.27 billion during 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%.The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.95 earnings per share for the current fiscal year.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 5,000 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $116.69, for a total value of $583,450.00. Following the completion of the sale, the insider directly owned 15,795 shares in the company, valued at $1,843,118.55. This represents a 24.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeannette L. Knudsen sold 5,550 shares of the 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 sale, the insider directly owned 16,039 shares of the company’s stock, valued at $1,865,175.31. This represents a 25.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,533 shares of company stock worth $2,132,914 in the last three months. Insiders own 2.80% of the company’s stock.

J. M. Smucker Company 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.