The J. M. Smucker Company $SJM Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lowered its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 92.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 296 shares of the company's stock after selling 3,568 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in J. M. Smucker were worth $30,000 at the end of the most recent reporting period.

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Several other large investors have also added to or reduced their stakes in SJM. Cullen Frost Bankers Inc. raised its stake in shares of J. M. Smucker by 2.6% in the second quarter. Cullen Frost Bankers Inc. now owns 3,872 shares of the company's stock worth $380,000 after purchasing an additional 97 shares during the last quarter. Tortoise Investment Management LLC boosted its position in J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after buying an additional 100 shares during the last quarter. Twin Capital Management Inc. increased its holdings in J. M. Smucker by 1.6% in the 2nd quarter. Twin Capital Management Inc. now owns 7,317 shares of the company's stock worth $719,000 after buying an additional 117 shares during the period. SouthState Corp raised its position in J. M. Smucker by 6.4% during the 1st quarter. SouthState Corp now owns 1,976 shares of the company's stock worth $234,000 after buying an additional 118 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in J. M. Smucker by 14.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 961 shares of the company's stock valued at $94,000 after acquiring an additional 119 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SJM shares. Bank of America cut their price objective on shares of J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating on the stock in a research note on Thursday, August 28th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of J. M. Smucker in a research report on Wednesday, October 8th. UBS Group set a $117.00 price objective on J. M. Smucker in a research note on Wednesday. Barclays restated an "equal weight" rating and issued a $105.00 target price on shares of J. M. Smucker in a research note on Friday, August 29th. Finally, Wells Fargo & Company lifted their price target 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 investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, J. M. Smucker currently has a consensus rating of "Hold" and a consensus price target of $116.79.

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Check Out Our Latest Analysis on J. M. Smucker

J. M. Smucker Stock Performance

NYSE SJM opened at $103.31 on Thursday. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of -7.54, a PEG ratio of 6.97 and a beta of 0.24. The stock has a 50-day moving average of $105.76 and a 200 day moving average of $106.85. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $121.48.

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J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing analysts' consensus estimates of $2.12 by ($0.02). The business had revenue of $2.33 billion during the quarter, compared to analysts' expectations of $2.32 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.76 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. Sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business 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 dividend of $1.10 per share. The ex-dividend date is Friday, November 14th. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. J. M. Smucker's dividend payout ratio is currently -32.09%.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the transaction, the chief financial officer directly owned 33,864 shares of the company's stock, valued at $3,661,037.04. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.24% of the company's stock.

J. M. Smucker Profile

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.

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