Generali Asset Management SPA SGR Makes New Investment in The J. M. Smucker Company (NYSE:SJM)

Generali Asset Management SPA SGR bought a new stake in shares of The J. M. Smucker Company (NYSE:SJM) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 8,066 shares of the company’s stock, valued at approximately $888,000.

A number of other institutional investors have also recently made changes to their positions in SJM. Cibc World Markets Corp increased its stake in J. M. Smucker by 15.1% during the fourth quarter. Cibc World Markets Corp now owns 41,775 shares of the company’s stock worth $4,600,000 after acquiring an additional 5,482 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of J. M. Smucker by 4.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,345 shares of the company’s stock valued at $1,580,000 after purchasing an additional 642 shares during the last quarter. Harbour Investments Inc. raised its holdings in J. M. Smucker by 12.9% during the 4th quarter. Harbour Investments Inc. now owns 10,032 shares of the company’s stock valued at $1,105,000 after buying an additional 1,149 shares during the period. Corient Private Wealth LLC boosted its stake in J. M. Smucker by 6.5% during the fourth quarter. Corient Private Wealth LLC now owns 55,767 shares of the company’s stock worth $6,141,000 after buying an additional 3,407 shares during the period. Finally, Greenwich Wealth Management LLC increased its position in J. M. Smucker by 4.8% during the fourth quarter. Greenwich Wealth Management LLC now owns 5,601 shares of the company’s stock valued at $617,000 after acquiring an additional 254 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SJM shares. Wells Fargo & Company raised their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Barclays dropped their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Stifel Nicolaus reduced their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus price target of $126.00.

J. M. Smucker Price Performance

Shares of SJM stock opened at $109.27 on Friday. The J. M. Smucker Company has a twelve month low of $98.77 and a twelve month high of $127.15. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $106.82 and a two-hundred day simple moving average of $112.50. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.95%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s payout ratio is -179.25%.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the sale, the chief financial officer now directly owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.40% of the stock is owned by company 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.