Hsbc Holdings PLC Sells 51,593 Shares of The J. M. Smucker Company $SJM

by · The Cerbat Gem

Hsbc Holdings PLC lessened its position in shares of The J. M. Smucker Company (NYSE:SJM – Free Report) by 24.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 162,492 shares of the company’s stock after selling 51,593 shares during the quarter. Hsbc Holdings PLC’s holdings in J. M. Smucker were worth $15,912,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SJM. UBS Group AG boosted its position in J. M. Smucker by 238.7% in the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock worth $383,834,000 after purchasing an additional 2,765,559 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of J. M. Smucker by 33.5% during 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 last quarter. Invesco Ltd. increased its position in shares of J. M. Smucker by 5.8% during the 4th quarter. Invesco Ltd. now owns 2,783,272 shares of the company’s stock valued at $272,232,000 after purchasing an additional 151,872 shares during the last quarter. Morgan Stanley lifted its stake in shares of J. M. Smucker by 16.8% in the 4th quarter. Morgan Stanley now owns 2,486,596 shares of the company’s stock worth $243,214,000 after purchasing an additional 357,253 shares during the period. Finally, Two Sigma Investments LP lifted its stake in shares of J. M. Smucker by 6,854.4% in the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after purchasing an additional 1,505,991 shares during the period. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $137.00 target price on shares of J. M. Smucker in a research report on Wednesday, June 10th. Wall Street Zen upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. 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 objective on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating for the company in a research report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $95.00 price objective on shares of J. M. Smucker in a research note on Wednesday, May 20th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and a consensus target price of $121.13.

Read Our Latest Research Report on SJM

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $113.32 on Wednesday. The firm has a fifty day moving average price of $106.10 and a 200-day moving average price of $103.44. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33. The stock has a market cap of $12.09 billion, a PE ratio of -87.17, a price-to-earnings-growth ratio of 1.56 and a beta of 0.26. The J. M. Smucker Company has a 1 year low of $88.25 and a 1 year high of $119.39.

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

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 3.9%. J. M. Smucker’s dividend payout ratio (DPR) is currently -338.46%.

Insider Activity

In related news, insider Jeannette L. Knudsen sold 5,550 shares of J. M. Smucker stock in a transaction that occurred 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 owned 16,039 shares of the company’s stock, valued at approximately $1,865,175.31. This trade represents a 25.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tucker H. Marshall sold 3,630 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total value of $403,111.50. Following the completion of the transaction, the chief financial officer directly owned 38,699 shares in the company, valued at approximately $4,297,523.95. This represents a 8.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,533 shares of company stock worth $2,132,914 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

J. M. Smucker Company 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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