Hsbc Holdings PLC Decreases Stock Position in The J. M. Smucker Company $SJM

Hsbc Holdings PLC decreased its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 24.2% during the first quarter, Holdings Channel.com reports. The fund owned 123,096 shares of the company’s stock after selling 39,396 shares during the period. Hsbc Holdings PLC’s holdings in J. M. Smucker were worth $11,840,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Garton & Associates Financial Advisors LLC acquired a new position in J. M. Smucker during the 4th quarter valued at approximately $25,000. CYBER HORNET ETFs LLC acquired a new stake in shares of J. M. Smucker during the second quarter worth $27,000. MCF Advisors LLC lifted its stake in shares of J. M. Smucker by 68.1% during the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after buying an additional 126 shares during the period. MUFG Securities EMEA plc purchased a new stake in shares of J. M. Smucker during the second quarter valued at $31,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of J. M. Smucker in the 4th quarter valued at $32,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Performance

NYSE SJM opened at $117.94 on Thursday. The firm has a market capitalization of $12.58 billion, a P/E ratio of -90.72, a PEG ratio of 1.62 and a beta of 0.26. The stock has a 50-day simple moving average of $109.21 and a two-hundred day simple moving average of $104.48. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78. The J. M. Smucker Company has a fifty-two week low of $88.25 and a fifty-two week high of $119.39.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. The firm 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%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, equities analysts forecast that The J. M. Smucker Company will post 9.95 earnings per share for the current year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s dividend payout ratio is -338.46%.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 3,630 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total transaction of $403,111.50. Following the sale, the chief financial officer owned 38,699 shares in the company, valued at approximately $4,297,523.95. This trade represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill R. Penrose sold 5,000 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $116.69, for a total transaction of $583,450.00. Following the sale, the insider owned 15,795 shares in the company, valued at approximately $1,843,118.55. This represents a 24.04% 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 valued at $2,132,914 in the last 90 days. 2.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SJM shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $95.00 target price on shares of J. M. Smucker in a research note on Wednesday, May 20th. Royal Bank Of Canada raised their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. TD Cowen lifted their target price on J. M. Smucker from $103.00 to $115.00 and gave the stock a “hold” rating in a report on Wednesday, June 10th. Wall Street Zen upgraded J. M. Smucker from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, BTIG Research set a $130.00 price target on shares of J. M. Smucker in a report on Wednesday, June 10th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $121.13.

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.