Commerzbank Aktiengesellschaft FI Has $7.56 Million Stock Holdings in The J. M. Smucker Company $SJM

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in The J. M. Smucker Company by 67.1%, holding 76,983 shares valued at approximately $7.56 million as of the latest SEC filing.
• The J. M. Smucker Company recently announced a quarterly dividend increase to $1.10 per share, reflecting positive growth from the previous $1.08 dividend.
• Research analysts generally maintain a "Moderate Buy" rating for J. M. Smucker, with an average price target of $118.00, indicating cautious optimism for the stock's performance.

Commerzbank Aktiengesellschaft FI boosted its holdings in shares of The J. M. Smucker Company (NYSE:SJM - Free Report) by 67.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,983 shares of the company's stock after buying an additional 30,918 shares during the period. Commerzbank Aktiengesellschaft FI owned approximately 0.07% of J. M. Smucker worth $7,560,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SJM. Tortoise Investment Management LLC raised its holdings in J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock worth $25,000 after buying an additional 100 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in J. M. Smucker during the second quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new position in J. M. Smucker during the first quarter worth $30,000. Cooksen Wealth LLC purchased a new stake in shares of J. M. Smucker in the first quarter valued at about $33,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of J. M. Smucker during the second quarter valued at about $39,000. Institutional investors and hedge funds own 81.66% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on SJM shares. Argus lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating in a research report on Friday, September 12th. DA Davidson raised their price target on shares of J. M. Smucker from $104.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. Barclays reissued an "equal weight" rating and set a $105.00 price target on shares of J. M. Smucker in a research report on Friday, August 29th. Zacks Research raised shares of J. M. Smucker to a "hold" rating in a research report on Monday, August 11th. Finally, Bank of America decreased their price objective on shares of J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating for the company in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, J. M. Smucker presently has an average rating of "Moderate Buy" and an average price target of $118.00.

J. M. Smucker Stock Performance

NYSE SJM opened at $105.08 on Friday. The company has a market capitalization of $11.21 billion, a PE ratio of -7.66, a price-to-earnings-growth ratio of 7.31 and a beta of 0.25. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.81. The company has a 50-day simple moving average of $109.40 and a 200 day simple moving average of $109.38. The J. M. Smucker Company has a 52-week low of $93.30 and a 52-week high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.05). The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.J. M. Smucker's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.44 EPS. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $1.10 dividend. The ex-dividend date was Friday, August 15th. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a dividend yield of 4.2%. J. M. Smucker's dividend payout ratio is -32.09%.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 11,139 shares of J. M. Smucker stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the transaction, the chief financial officer owned 33,864 shares in the company, valued at $3,661,037.04. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.24% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The J. M. Smucker Company (NYSE:SJM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.