Munich Reinsurance Co Stock Corp in Munich Cuts Stock Position in The J. M. Smucker Company $SJM

Munich Reinsurance Co Stock Corp in Munich lessened its holdings in The J. M. Smucker Company (NYSE:SJM) by 97.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,507 shares of the company’s stock after selling 53,946 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in J. M. Smucker were worth $145,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Staley Capital Advisers Inc. lifted its position in J. M. Smucker by 17.2% during the first quarter. Staley Capital Advisers Inc. now owns 637,660 shares of the company’s stock valued at $61,496,000 after purchasing an additional 93,808 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of J. M. Smucker in the 1st quarter worth about $341,000. Stephens Inc. AR raised its position in shares of J. M. Smucker by 6.2% during the 1st quarter. Stephens Inc. AR now owns 3,491 shares of the company’s stock valued at $337,000 after buying an additional 204 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of J. M. Smucker during the 1st quarter valued at about $255,000. Finally, Praxis Investment Management Inc. lifted its holdings in shares of J. M. Smucker by 74.3% in the 1st quarter. Praxis Investment Management Inc. now owns 4,271 shares of the company’s stock valued at $412,000 after acquiring an additional 1,821 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 1.4%

Shares of NYSE:SJM opened at $110.80 on Friday. The J. M. Smucker Company has a 1 year low of $88.25 and a 1 year high of $119.39. The business has a 50 day simple moving average of $106.70 and a two-hundred day simple moving average of $103.61. The firm has a market capitalization of $11.82 billion, a PE ratio of -85.23, a price-to-earnings-growth ratio of 1.57 and a beta of 0.26. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.64 by $0.13. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.J. M. Smucker’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, equities analysts predict that The J. M. Smucker Company will post 9.95 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, May 15th. J. M. Smucker’s dividend payout ratio is currently -338.46%.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 3,630 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total value of $403,111.50. Following the completion of the sale, the chief financial officer owned 38,699 shares in the company, valued at approximately $4,297,523.95. The trade was a 8.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill R. Penrose sold 5,000 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $116.69, for a total value of $583,450.00. Following the completion of the sale, the insider owned 15,795 shares of the company’s stock, valued at $1,843,118.55. This represents a 24.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 18,533 shares of company stock worth $2,132,914 in the last three months. Corporate insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on SJM. Morgan Stanley boosted their price objective on J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. Stifel Nicolaus lowered their price objective on J. M. Smucker from $120.00 to $100.00 and set a “hold” rating for the company in a research note on Tuesday, April 21st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $137.00 target price on shares of J. M. Smucker in a report on Wednesday, June 10th. Bank of America boosted their target price on J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen upgraded J. M. Smucker from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and a consensus price target of $121.13.

J. M. Smucker Company Profile

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.