DekaBank Deutsche Girozentrale Buys 8,201 Shares of The J. M. Smucker Company (NYSE:SJM)

DekaBank Deutsche Girozentrale increased its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 33.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,604 shares of the company's stock after acquiring an additional 8,201 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in J. M. Smucker were worth $3,920,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its holdings in shares of J. M. Smucker by 6,703.1% during the second quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company's stock worth $17,433,000 after acquiring an additional 157,523 shares during the period. Cetera Investment Advisers grew its holdings in J. M. Smucker by 62.0% in the 1st quarter. Cetera Investment Advisers now owns 24,174 shares of the company's stock valued at $3,043,000 after buying an additional 9,250 shares in the last quarter. Swedbank AB increased its position in J. M. Smucker by 14.1% during the 2nd quarter. Swedbank AB now owns 127,618 shares of the company's stock worth $13,915,000 after buying an additional 15,792 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of J. M. Smucker by 25.7% during the first 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 in the last quarter. Finally, UniSuper Management Pty Ltd boosted its position in shares of J. M. Smucker by 553.9% in the first quarter. UniSuper Management Pty Ltd now owns 8,874 shares of the company's stock valued at $1,117,000 after acquiring an additional 7,517 shares during the period. Institutional investors own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SJM shares. Barclays dropped their price objective on shares of J. M. Smucker from $123.00 to $121.00 and set an "equal weight" rating for the company in a research note on Friday, August 30th. DA Davidson reiterated a "neutral" rating and issued a $121.00 price target on shares of J. M. Smucker in a research note on Thursday, August 29th. Wells Fargo & Company lowered their price objective on J. M. Smucker from $140.00 to $130.00 and set an "overweight" 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 research report on Monday, September 30th. Finally, Bank of America decreased their price target on J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $126.42.

J. M. Smucker Trading Down 0.6 %

J. M. Smucker stock traded down $0.63 during mid-day trading on Friday, hitting $112.88. 766,803 shares of the stock were exchanged, compared to its average volume of 1,152,929. The firm's fifty day simple moving average is $118.25 and its two-hundred day simple moving average is $115.64. 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 12 month low of $105.69 and a 12 month high of $134.62. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 3.26 and a beta of 0.24.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.21 earnings per share. Analysts forecast that The J. M. Smucker Company will post 9.8 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Friday, November 15th. J. M. Smucker's payout ratio is 61.10%.

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.