Commerzbank Aktiengesellschaft FI Acquires 16,402 Shares of The J. M. Smucker Company (NYSE:SJM)

Commerzbank Aktiengesellschaft FI increased its stake in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 52.1% in the 3rd quarter, according to its most recent 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 quarter. Commerzbank Aktiengesellschaft FI's holdings in J. M. Smucker were worth $5,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Studio Investment Management LLC bought a new position in shares of J. M. Smucker during the 2nd quarter worth approximately $26,000. Quarry LP raised its position in J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company's stock valued at $35,000 after purchasing an additional 219 shares during the last quarter. Eastern Bank bought a new position in J. M. Smucker in the 3rd quarter valued at $40,000. Trivant Custom Portfolio Group LLC bought a new position in J. M. Smucker in the 3rd quarter valued at $42,000. Finally, Rothschild Investment LLC bought a new position in J. M. Smucker in the 2nd quarter valued at $42,000. Institutional investors own 81.66% of the company's stock.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock remained flat at $117.70 during trading on Wednesday. The company had a trading volume of 470,862 shares, compared to its average volume of 1,166,417. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. The J. M. Smucker Company has a twelve month low of $105.69 and a twelve month high of $134.62. The business's fifty day simple moving average is $119.13 and its 200-day simple moving average is $115.57. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 3.22 and a beta of 0.24.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping 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 earned $2.21 earnings per share. The firm's quarterly revenue was up 17.7% compared to the same quarter last year. On average, equities research analysts forecast that The J. M. Smucker Company will post 9.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. DA Davidson reiterated a "neutral" rating and issued a $121.00 price objective on shares of J. M. Smucker in a research report on Thursday, August 29th. Barclays cut their price objective on J. M. Smucker from $123.00 to $121.00 and set an "equal weight" rating for the company in a research report on Friday, August 30th. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Monday, September 30th. Citigroup lowered 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. Finally, Wells Fargo & Company lowered their target price on J. M. Smucker from $140.00 to $130.00 and set an "overweight" 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 assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $127.25.

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.