The J. M. Smucker Company (NYSE:SJM) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 71.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,002 shares of the company's stock after purchasing an additional 23,398 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.05% of J. M. Smucker worth $6,449,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Merit Financial Group LLC acquired a new position in J. M. Smucker in the first quarter valued at $203,000. Farther Finance Advisors LLC increased its stake in shares of J. M. Smucker by 113.5% during the first quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company's stock worth $346,000 after acquiring an additional 1,554 shares during the period. Sandy Spring Bank increased its stake in shares of J. M. Smucker by 1,365.5% during the fourth quarter. Sandy Spring Bank now owns 425 shares of the company's stock worth $47,000 after acquiring an additional 396 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in shares of J. M. Smucker by 124.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company's stock worth $1,471,000 after acquiring an additional 7,414 shares during the period. Finally, Sterling Capital Management LLC increased its stake in shares of J. M. Smucker by 55.5% during the fourth quarter. Sterling Capital Management LLC now owns 6,117 shares of the company's stock worth $674,000 after acquiring an additional 2,182 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Price Performance

Shares of NYSE SJM traded up $0.09 on Friday, hitting $104.75. The company's stock had a trading volume of 1,874,668 shares, compared to its average volume of 1,313,326. The J. M. Smucker Company has a 12-month low of $93.30 and a 12-month high of $125.42. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of -9.06, a price-to-earnings-growth ratio of 7.89 and a beta of 0.31. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35. The stock has a 50 day moving average of $106.02 and a 200-day moving average of $108.66.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.06. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $2.66 earnings per share. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Friday, May 16th. J. M. Smucker's dividend payout ratio (DPR) is presently -37.37%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SJM. Wall Street Zen upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Jefferies Financial Group upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and dropped their price target for the stock from $118.00 to $115.00 in a research note on Wednesday, June 11th. UBS Group dropped their price target on shares of J. M. Smucker from $134.00 to $129.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Bank of America dropped their price target on shares of J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Finally, Barclays decreased their price objective on shares of J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 11th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $117.33.

Insider Activity

In other news, Director Tarang Amin acquired 1,050 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was acquired at an average price of $96.09 per share, with a total value of $100,894.50. Following the completion of the transaction, the director directly owned 3,825 shares in the company, valued at approximately $367,544.25. This represents a 37.84% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.24% of the stock is owned by company insiders.

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.