The J. M. Smucker Company $SJM Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH trimmed its stake in The J. M. Smucker Company (NYSE:SJM) by 23.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,821 shares of the company’s stock after selling 14,981 shares during the quarter. Allianz Asset Management GmbH’s holdings in J. M. Smucker were worth $5,302,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of SJM. Norges Bank acquired a new stake in J. M. Smucker in the 2nd quarter valued at $112,829,000. Engineers Gate Manager LP purchased a new stake in shares of J. M. Smucker in the second quarter worth about $109,896,000. Assenagon Asset Management S.A. boosted its position in shares of J. M. Smucker by 811.0% in the third quarter. Assenagon Asset Management S.A. now owns 919,139 shares of the company’s stock worth $99,818,000 after buying an additional 818,245 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of J. M. Smucker by 45.4% in the second quarter. Balyasny Asset Management L.P. now owns 2,251,934 shares of the company’s stock valued at $221,140,000 after buying an additional 703,382 shares in the last quarter. Finally, Ilex Capital Partners UK LLP raised its holdings in shares of J. M. Smucker by 31.0% during the 2nd quarter. Ilex Capital Partners UK LLP now owns 2,033,615 shares of the company’s stock valued at $199,701,000 after buying an additional 481,660 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Up 1.7%

NYSE:SJM opened at $109.29 on Wednesday. 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 $11.66 billion, a price-to-earnings ratio of -9.74, a price-to-earnings-growth ratio of 7.31 and a beta of 0.23. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $121.48. The stock has a 50-day simple moving average of $101.46 and a 200 day simple moving average of $105.30.

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

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be paid a dividend of $1.10 per share. The ex-dividend date is Friday, February 13th. This represents a $4.40 annualized dividend and a yield of 4.0%. J. M. Smucker’s dividend payout ratio (DPR) is -39.22%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group reduced their price target on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Citigroup reissued a “hold” rating on shares of J. M. Smucker in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, January 21st. JPMorgan Chase & Co. dropped their price target on shares of J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, Sanford C. Bernstein boosted their price objective on shares of J. M. Smucker from $110.00 to $113.00 and gave the stock a “market perform” rating in a report on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $114.93.

About J. M. Smucker

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.