Generali Asset Management SPA SGR Makes New $888,000 Investment in The J. M. Smucker Company (NYSE:SJM)

Generali Asset Management SPA SGR purchased a new stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,066 shares of the company's stock, valued at approximately $888,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Capital Advisors Ltd. LLC raised its stake in shares of J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after purchasing an additional 151 shares in the last quarter. Kentucky Trust Co bought a new stake in J. M. Smucker during the fourth quarter worth $28,000. Kieckhefer Group LLC acquired a new stake in J. M. Smucker in the fourth quarter valued at $33,000. Hantz Financial Services Inc. acquired a new stake in J. M. Smucker in the fourth quarter valued at $39,000. Finally, Venturi Wealth Management LLC grew its position in shares of J. M. Smucker by 95.1% in the 4th quarter. Venturi Wealth Management LLC now owns 474 shares of the company's stock valued at $52,000 after acquiring an additional 231 shares during the period. 81.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, January 24th. TD Cowen lowered J. M. Smucker from a "buy" rating to a "hold" rating and dropped their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Barclays reduced 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 note on Monday, March 3rd. DA Davidson dropped their price target on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company raised their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, J. M. Smucker has an average rating of "Hold" and an average target price of $125.67.

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J. M. Smucker Stock Performance

NYSE SJM traded down $0.44 on Tuesday, reaching $111.31. The stock had a trading volume of 885,158 shares, compared to its average volume of 1,129,255. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The company has a market cap of $11.85 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The firm has a fifty day moving average of $107.19 and a two-hundred day moving average of $112.29. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $127.15.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. On average, equities research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker's dividend payout ratio (DPR) is currently -179.25%.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the transaction, the chief financial officer now directly owns 13,263 shares of the company's stock, valued at $1,503,493.68. The trade was a 27.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.40% of the stock is currently owned by corporate insiders.

J. M. Smucker Company 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.