Generali Asset Management SPA SGR Has $912,000 Holdings in The J. M. Smucker Company $SJM

Generali Asset Management SPA SGR cut its position in The J. M. Smucker Company (NYSE:SJM) by 54.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,399 shares of the company’s stock after selling 9,889 shares during the quarter. Generali Asset Management SPA SGR’s holdings in J. M. Smucker were worth $912,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in shares of J. M. Smucker by 7.5% in the 2nd quarter. Invesco Ltd. now owns 2,819,028 shares of the company’s stock valued at $276,829,000 after acquiring an additional 195,774 shares during the period. Geode Capital Management LLC lifted its stake in J. M. Smucker by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company’s stock valued at $271,539,000 after purchasing an additional 49,017 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in J. M. Smucker by 45.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company’s stock valued at $221,140,000 after purchasing an additional 703,382 shares during the last quarter. Ilex Capital Partners UK LLP grew its holdings in J. M. Smucker by 31.0% during the second quarter. Ilex Capital Partners UK LLP now owns 2,033,615 shares of the company’s stock worth $199,701,000 after purchasing an additional 481,660 shares during the period. Finally, LSV Asset Management increased its position in J. M. Smucker by 0.9% during the second quarter. LSV Asset Management now owns 1,391,770 shares of the company’s stock worth $136,672,000 after buying an additional 12,450 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Stifel Nicolaus cut their price objective on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research report on Wednesday, November 26th. UBS Group dropped their price target on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Morgan Stanley reduced their price objective on shares of J. M. Smucker from $118.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Argus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating in a report on Friday, September 12th. Finally, Citigroup restated a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $116.79.

J. M. Smucker Stock Down 1.1%

SJM opened at $96.71 on Monday. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $121.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.37 and a current ratio of 0.89. The company has a market capitalization of $10.32 billion, a P/E ratio of -8.62, a P/E/G ratio of 6.57 and a beta of 0.23. The stock has a fifty day moving average of $102.40 and a 200-day moving average of $105.28.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 25th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.02). J. M. Smucker had a negative net margin of 13.61% and a positive return on equity of 15.26%. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the company posted $2.76 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. On average, equities analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, November 14th. J. M. Smucker’s payout ratio is presently -39.22%.

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.