B. Metzler seel. Sohn & Co. Holding AG Takes $3.37 Million Position in The J. M. Smucker Company (NYSE:SJM)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in The J. M. Smucker Company (NYSE:SJM) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 27,856 shares of the company’s stock, valued at approximately $3,373,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SJM. Assenagon Asset Management S.A. raised its holdings in J. M. Smucker by 6,703.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock worth $17,433,000 after acquiring an additional 157,523 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of J. M. Smucker by 62.0% during the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock valued at $3,043,000 after purchasing an additional 9,250 shares in the last quarter. Swedbank AB boosted its position in shares of J. M. Smucker by 14.1% during the second quarter. Swedbank AB now owns 127,618 shares of the company’s stock valued at $13,915,000 after buying an additional 15,792 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in J. M. Smucker by 25.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 56,816 shares of the company’s stock worth $7,151,000 after buying an additional 11,622 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its position in J. M. Smucker by 553.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 8,874 shares of the company’s stock worth $1,117,000 after buying an additional 7,517 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SJM shares. TD Cowen lowered their price target on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. DA Davidson reissued a “neutral” rating and issued a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Citigroup lowered their price objective on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and a consensus target price of $127.09.

J. M. Smucker Stock Performance

Shares of NYSE:SJM opened at $112.04 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 3.17 and a beta of 0.25. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62. The firm has a 50 day moving average of $116.80 and a 200 day moving average of $115.53.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.27. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the company earned $2.21 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, sell-side analysts predict that The J. M. Smucker Company will post 9.79 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently 61.10%.

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.