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

Allianz Asset Management GmbH cut its stake in The J. M. Smucker Company (NYSE:SJM) by 8.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,802 shares of the company’s stock after selling 5,777 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.06% of J. M. Smucker worth $6,265,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tortoise Investment Management LLC raised its stake in shares of J. M. Smucker by 87.0% during the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the period. Forum Financial Management LP raised its stake in shares of J. M. Smucker by 3.9% during the 1st quarter. Forum Financial Management LP now owns 3,113 shares of the company’s stock worth $369,000 after buying an additional 116 shares during the period. SouthState Corp raised its stake in shares of J. M. Smucker by 6.4% during the 1st quarter. SouthState Corp now owns 1,976 shares of the company’s stock worth $234,000 after buying an additional 118 shares during the period. Sit Investment Associates Inc. raised its stake in shares of J. M. Smucker by 15.4% during the 1st quarter. Sit Investment Associates Inc. now owns 900 shares of the company’s stock worth $107,000 after buying an additional 120 shares during the period. Finally, Smithfield Trust Co raised its stake in shares of J. M. Smucker by 8.5% during the 1st quarter. Smithfield Trust Co now owns 1,615 shares of the company’s stock worth $191,000 after buying an additional 126 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. BNP Paribas Exane raised J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 target price for the company in a research note on Wednesday, July 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, October 8th. Barclays reiterated an “equal weight” rating and set a $105.00 price target on shares of J. M. Smucker in a research report on Friday, August 29th. Zacks Research upgraded J. M. Smucker to a “hold” rating in a research report on Monday, August 11th. Finally, Stifel Nicolaus boosted their price target on 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 investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $118.00.

J. M. Smucker Stock Up 0.1%

Shares of NYSE:SJM opened at $104.79 on Thursday. 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 business has a fifty day moving average of $108.25 and a two-hundred day moving average of $108.61. The stock has a market cap of $11.18 billion, a P/E ratio of -7.64, a PEG ratio of 7.23 and a beta of 0.25. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42.

J. M. Smucker (NYSE:SJM) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $2.09 billion. J. M. Smucker had a negative net margin of 16.75% and a positive return on equity of 15.41%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share 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 company’s stock in a transaction 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 in the company, valued at $3,661,037.04. This represents a 24.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.24% of the stock is currently owned by insiders.

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.