The J. M. Smucker Company $SJM Position Boosted by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR raised its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 101.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 18,288 shares of the company’s stock after purchasing an additional 9,188 shares during the period. Generali Asset Management SPA SGR’s holdings in J. M. Smucker were worth $1,796,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SJM. Tortoise Investment Management LLC grew its stake in J. M. Smucker by 87.0% during the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in J. M. Smucker in the second quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in J. M. Smucker in the first quarter worth approximately $30,000. Cooksen Wealth LLC acquired a new position in J. M. Smucker in the first quarter worth approximately $33,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in J. M. Smucker in the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the sale, the chief financial officer directly owned 33,864 shares of the company’s stock, valued at approximately $3,661,037.04. This represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.24% of the stock is owned by insiders.

J. M. Smucker Stock Up 1.4%

Shares of J. M. Smucker stock opened at $105.39 on Friday. The stock has a market capitalization of $11.24 billion, a P/E ratio of -7.69, a PEG ratio of 7.17 and a beta of 0.25. The company has a quick ratio of 0.34, a current ratio of 0.81 and a debt-to-equity ratio of 1.19. The stock has a 50 day moving average price of $108.66 and a two-hundred day moving average price of $108.87. The J. M. Smucker Company has a 12-month low of $93.30 and a 12-month high of $125.42.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. Equities analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on SJM. Cfra Research upgraded J. M. Smucker from a “hold” rating to a “moderate buy” rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. dropped their price objective on J. M. Smucker from $129.00 to $126.00 and set an “overweight” rating on the stock in a report on Thursday, August 28th. Morgan Stanley increased their price objective on J. M. Smucker from $115.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Stifel Nicolaus increased their price objective on J. M. Smucker from $106.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, July 29th. Finally, Barclays restated an “equal weight” rating and issued a $105.00 price objective on shares of J. M. Smucker in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $118.00.

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.