Commerzbank Aktiengesellschaft FI Increases Position in The J. M. Smucker Company $SJM

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of The J. M. Smucker Company (NYSE:SJM) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 81,398 shares of the company’s stock after acquiring an additional 9,022 shares during the quarter. Commerzbank Aktiengesellschaft FI owned 0.08% of J. M. Smucker worth $7,962,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of SJM. UBS Group AG increased its position in shares of J. M. Smucker by 238.7% during the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock worth $383,834,000 after acquiring an additional 2,765,559 shares during the last quarter. Two Sigma Investments LP increased its position in shares of J. M. Smucker by 6,854.4% during the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after acquiring an additional 1,505,991 shares during the last quarter. National Bank of Canada FI increased its position in shares of J. M. Smucker by 797.4% during the third quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock worth $152,167,000 after acquiring an additional 1,245,035 shares during the last quarter. Capitolis Liquid Global Markets LLC purchased a new stake in shares of J. M. Smucker during the third quarter worth about $112,944,000. Finally, AQR Capital Management LLC grew its stake in J. M. Smucker by 339.1% in the third quarter. AQR Capital Management LLC now owns 1,029,222 shares of the company’s stock worth $111,156,000 after purchasing an additional 794,851 shares in the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $100.46 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. The business has a 50 day moving average of $98.37 and a two-hundred day moving average of $102.10. The J. M. Smucker Company has a 52 week low of $88.25 and a 52 week high of $119.39. The company has a market cap of $10.71 billion, a P/E ratio of -8.52, a PEG ratio of 4.02 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, February 26th. The company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.11. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. J. M. Smucker’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, analysts anticipate that The J. M. Smucker Company will post 9.04 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, May 15th. J. M. Smucker’s payout ratio is presently -37.32%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Stifel Nicolaus decreased their price target 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. Evercore assumed coverage on J. M. Smucker in a research note on Friday. They issued an “outperform” rating and a $117.00 price target for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research note on Monday, April 20th. BNP Paribas Exane set a $125.00 price target on J. M. Smucker in a research note on Thursday, April 9th. Finally, TD Cowen decreased their price target on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $116.59.

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.