B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in The J. M. Smucker Company (NYSE:SJM)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 27,856 shares of the company's stock, valued at approximately $3,373,000.

A number of other hedge funds have also recently added to or reduced their stakes in SJM. Studio Investment Management LLC purchased a new position in shares of J. M. Smucker during the 2nd quarter valued at approximately $26,000. Venturi Wealth Management LLC increased its stake in J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock worth $29,000 after buying an additional 226 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of J. M. Smucker during the third quarter valued at approximately $39,000. Quarry LP lifted its position 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 acquiring an additional 219 shares in the last quarter. Finally, Eastern Bank purchased a new position in shares of J. M. Smucker in the third quarter valued at approximately $40,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Trading Up 1.6 %

Shares of J. M. Smucker stock traded up $1.81 on Thursday, reaching $113.89. The company had a trading volume of 1,050,176 shares, compared to its average volume of 1,156,294. 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 market cap of $12.12 billion, a PE ratio of 15.85, a PEG ratio of 3.21 and a beta of 0.25. The firm's 50 day moving average price is $116.80 and its two-hundred day moving average price is $115.53. 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The business had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.13 billion. During the same period in the previous year, the firm posted $2.21 earnings per share. The company's revenue was up 17.7% on a year-over-year basis. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker's dividend payout ratio (DPR) is currently 61.10%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Bank of America decreased their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating on the stock in a research note on Thursday, August 29th. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a report on Monday, September 30th. BNP Paribas raised J. M. Smucker to a "strong sell" rating in a report on Thursday, August 29th. TD Cowen lowered their price objective on J. M. Smucker from $135.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Finally, Citigroup cut their target price on J. M. Smucker from $138.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. One investment 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. According to data from MarketBeat.com, J. M. Smucker currently has an average rating of "Hold" and a consensus target price of $127.09.

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.