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

Allianz Asset Management GmbH reduced its stake in The J. M. Smucker Company (NYSE:SJM) by 23.5% in the third quarter, HoldingsChannel.com reports. The fund 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 Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in SJM. Norges Bank bought a new stake in shares of J. M. Smucker in the 2nd quarter worth approximately $112,829,000. Engineers Gate Manager LP bought a new position in J. M. Smucker during the 2nd quarter worth $109,896,000. Assenagon Asset Management S.A. increased its position in 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. increased its position in 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 worth $221,140,000 after buying an additional 703,382 shares during the period. Finally, Ilex Capital Partners UK LLP lifted its stake in J. M. Smucker by 31.0% in the second 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 last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Trading Up 1.7%

Shares of NYSE:SJM opened at $109.29 on Wednesday. The company has a 50 day moving average of $101.46 and a 200-day moving average of $105.30. The company has a current ratio of 0.89, a quick ratio of 0.37 and a debt-to-equity ratio of 1.16. The firm has a market cap of $11.66 billion, a P/E ratio of -9.74, a P/E/G ratio of 7.31 and a beta of 0.23. The J. M. Smucker Company has a twelve month low of $93.30 and a twelve month high of $121.48.

J. M. Smucker (NYSE:SJM) last announced its 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). 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%.J. M. Smucker’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.76 EPS. J. M. Smucker has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share 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. Stockholders of record on Friday, February 13th will be issued a $1.10 dividend. The ex-dividend date is Friday, February 13th. This represents a $4.40 annualized dividend and a dividend yield of 4.0%. J. M. Smucker’s dividend payout ratio is -39.22%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Citigroup restated a “hold” rating on shares of J. M. Smucker in a research report on Wednesday, November 26th. Morgan Stanley restated an “equal weight” rating and issued a $105.00 target price (down previously from $115.00) on shares of J. M. Smucker in a research report on Friday, January 16th. Sanford C. Bernstein raised their price target on shares of J. M. Smucker from $110.00 to $113.00 and gave the company a “market perform” rating in a research note on Wednesday, November 26th. Canaccord Genuity Group upgraded J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. Finally, UBS Group decreased their price objective on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.