B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 27,856 The J. M. Smucker Company (NYSE:SJM)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of The J. M. Smucker Company (NYSE:SJM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 27,856 shares of the company’s stock, valued at approximately $3,373,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Studio Investment Management LLC bought a new position in J. M. Smucker in the 2nd quarter valued at $26,000. Venturi Wealth Management LLC increased its stake in shares of J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after buying an additional 226 shares in the last quarter. Quarry LP raised its holdings in shares of J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after buying an additional 219 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in J. M. Smucker during the 3rd quarter worth about $39,000. Finally, Eastern Bank acquired a new position in J. M. Smucker during the 3rd quarter worth about $40,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Price Performance

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

J. M. Smucker (NYSE:SJM) last posted its 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. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.21 EPS. Equities research analysts anticipate that The J. M. Smucker Company will post 9.79 earnings per share for the current year.

J. M. Smucker Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. TD Cowen lowered their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Bank of America cut their price objective on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Wells Fargo & Company lowered their target price on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and an average target price of $127.09.

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.