Commerzbank Aktiengesellschaft FI Has $5.80 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Commerzbank Aktiengesellschaft FI lifted its position in shares of The J. M. Smucker Company (NYSE:SJM) by 52.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,861 shares of the company’s stock after buying an additional 16,402 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in J. M. Smucker were worth $5,796,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SJM. AMF Tjanstepension AB bought a new position in shares of J. M. Smucker during the 1st quarter worth approximately $23,990,000. Assenagon Asset Management S.A. grew its position in J. M. Smucker by 6,703.1% in the second quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock valued at $17,433,000 after purchasing an additional 157,523 shares in the last quarter. Cetera Investment Advisers grew its position in J. M. Smucker by 62.0% in 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 increased its stake in J. M. Smucker by 14.1% in the 2nd 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. Finally, Westwood Holdings Group Inc. boosted its stake in shares of J. M. Smucker by 25.7% during 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 during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Stock Performance

NYSE SJM opened at $116.51 on Wednesday. The stock has a market cap of $12.37 billion, a PE ratio of 16.53, a P/E/G ratio of 3.22 and a beta of 0.24. 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 firm has a 50-day moving average of $119.13 and a 200-day moving average of $115.57. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data 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 firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate 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 last year, the business posted $2.21 earnings per share. On average, sell-side analysts anticipate that The J. M. Smucker Company will post 9.82 EPS for the current year.

Analyst Upgrades and Downgrades

SJM has been the topic of a number of recent research reports. Barclays lowered their target price on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Citigroup dropped their price objective on 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. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. DA Davidson restated a “neutral” rating and set a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. Finally, Bank of America cut their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and a consensus price target of $127.25.

About J. M. Smucker

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.