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

Commerzbank Aktiengesellschaft FI grew its holdings in The J. M. Smucker Company (NYSE:SJM) by 52.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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.

A number of other institutional investors have also made changes to their positions in the business. Boston Partners acquired a new position in shares of J. M. Smucker during the first quarter worth approximately $364,990,000. Bank of Montreal Can lifted its holdings in J. M. Smucker by 186.3% during the 2nd quarter. Bank of Montreal Can now owns 805,029 shares of the company’s stock worth $90,195,000 after buying an additional 523,803 shares in the last quarter. Ariel Investments LLC lifted its holdings in J. M. Smucker by 56.0% during the 2nd quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock worth $147,749,000 after buying an additional 486,624 shares in the last quarter. Ilex Capital Partners UK LLP bought a new position in J. M. Smucker in the 1st quarter valued at $48,207,000. Finally, Champlain Investment Partners LLC increased its stake in shares of J. M. Smucker by 29.0% in the 1st quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock valued at $183,518,000 after buying an additional 327,680 shares during the period. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $116.51 on Wednesday. The stock’s fifty day simple moving average is $119.13 and its 200 day simple moving average is $115.57. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $12.37 billion, a PE ratio of 16.53, a PEG ratio of 3.22 and a beta of 0.24. The J. M. Smucker Company has a 12 month low of $105.69 and a 12 month high of $134.62.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results 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 company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted $2.21 earnings per share. J. M. Smucker’s revenue was up 17.7% compared to the same quarter last year. On average, research analysts predict that The J. M. Smucker Company will post 9.82 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on SJM. Barclays decreased their price target on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. Bank of America reduced their target price 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. TD Cowen dropped their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Wells Fargo & Company reduced their price objective on shares of 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. Finally, Citigroup dropped their target price on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and a consensus target price 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.