B. Metzler seel. Sohn & Co. AG Has $3.16 Million Position in The J. M. Smucker Company (NYSE:SJM)

B. Metzler seel. Sohn & Co. AG raised its holdings in The J. M. Smucker Company (NYSE:SJM) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,656 shares of the company’s stock after purchasing an additional 800 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in J. M. Smucker were worth $3,156,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SJM. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of J. M. Smucker by 3.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock worth $35,721,000 after acquiring an additional 11,339 shares during the period. Nordea Investment Management AB boosted its position in J. M. Smucker by 16.5% during the 4th quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock worth $150,082,000 after buying an additional 192,748 shares during the period. Miracle Mile Advisors LLC bought a new stake in shares of J. M. Smucker in the fourth quarter worth $1,273,000. Signal Advisors Wealth LLC grew its position in shares of J. M. Smucker by 336.3% in the 4th quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock valued at $1,426,000 after buying an additional 9,982 shares during the last quarter. Finally, Douglas Lane & Associates LLC boosted its holdings in J. M. Smucker by 6.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 271,299 shares of the company’s stock valued at $29,875,000 after acquiring an additional 16,963 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SJM has been the subject of a number of recent analyst reports. Morgan Stanley started coverage on J. M. Smucker in a report on Monday, March 24th. They set an “overweight” rating and a $123.00 price target for the company. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Barclays lowered their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, 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 report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $125.67.

Insiders Place Their Bets

In other news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. This trade represents a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

J. M. Smucker Stock Down 0.0 %

J. M. Smucker stock opened at $118.41 on Wednesday. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42. The firm has a 50 day simple moving average of $108.84 and a 200 day simple moving average of $112.15. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s payout ratio is -179.25%.

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.