The J. M. Smucker Company $SJM Shares Bought by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR increased its holdings in J. M. Smucker Company by 101% during the second quarter, now owning 18,288 shares valued at approximately $1.8 million.
• J. M. Smucker reported $1.90 EPS for the most recent quarter, missing the consensus estimate, while their revenue of $2.11 billion surpassed expectations, albeit down 0.6% year-over-year.
• Analysts have upgraded J. M. Smucker's stock rating, with a current average rating of "Moderate Buy" and a price target of $118.00.

Generali Asset Management SPA SGR grew its position in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 101.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,288 shares of the company's stock after acquiring an additional 9,188 shares during the quarter. Generali Asset Management SPA SGR's holdings in J. M. Smucker were worth $1,796,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of J. M. Smucker by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 815,412 shares of the company's stock valued at $96,553,000 after acquiring an additional 41,249 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of J. M. Smucker by 283.2% during the first quarter. Integrated Wealth Concepts LLC now owns 7,481 shares of the company's stock valued at $886,000 after acquiring an additional 5,529 shares during the period. Swedbank AB boosted its holdings in shares of J. M. Smucker by 7.9% during the second quarter. Swedbank AB now owns 147,812 shares of the company's stock valued at $14,515,000 after acquiring an additional 10,813 shares during the period. Costello Asset Management INC acquired a new position in shares of J. M. Smucker during the first quarter valued at $50,000. Finally, Douglas Lane & Associates LLC boosted its holdings in shares of J. M. Smucker by 2.0% during the second quarter. Douglas Lane & Associates LLC now owns 308,401 shares of the company's stock valued at $30,285,000 after acquiring an additional 6,051 shares during the period. Institutional investors and hedge funds own 81.66% of the company's stock.

J. M. Smucker Price Performance

NYSE SJM opened at $105.39 on Friday. The stock's 50-day moving average price is $108.66 and its two-hundred day moving average price is $108.87. 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 company has a market cap of $11.24 billion, a PE ratio of -7.69, a PEG ratio of 7.17 and a beta of 0.25. The J. M. Smucker Company has a 1 year low of $93.30 and a 1 year high of $125.42.

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

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 11,139 shares of the business's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total transaction of $1,204,237.29. Following the sale, the chief financial officer owned 33,864 shares in the company, valued at approximately $3,661,037.04. The trade was a 24.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.24% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on SJM. BNP Paribas Exane upgraded shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 price target on the stock in a research report on Wednesday, July 9th. JPMorgan Chase & Co. dropped their price target on shares of J. M. Smucker from $129.00 to $126.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. Cfra Research upgraded shares of J. M. Smucker from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, August 27th. Royal Bank Of Canada began coverage on shares of J. M. Smucker in a research report on Monday, July 7th. They issued an "outperform" rating and a $130.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock a "hold" rating in a research report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $118.00.

About J. M. Smucker

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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