Siemens Fonds Invest GmbH Acquires New Shares in The J. M. Smucker Company (NYSE:SJM)

Siemens Fonds Invest GmbH acquired a new stake in The J. M. Smucker Company (NYSE:SJM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 41,816 shares of the company's stock, valued at approximately $4,605,000.

A number of other institutional investors have also made changes to their positions in SJM. Nisa Investment Advisors LLC lifted its holdings in J. M. Smucker by 88.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 11,465 shares of the company's stock worth $1,263,000 after buying an additional 5,395 shares in the last quarter. Blue Trust Inc. raised its stake in J. M. Smucker by 26.2% during the 4th quarter. Blue Trust Inc. now owns 1,302 shares of the company's stock worth $158,000 after buying an additional 270 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of J. M. Smucker by 30.3% during the 4th quarter. Pacer Advisors Inc. now owns 15,253 shares of the company's stock valued at $1,680,000 after purchasing an additional 3,550 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of J. M. Smucker by 16.3% in the fourth quarter. Perigon Wealth Management LLC now owns 6,723 shares of the company's stock valued at $689,000 after buying an additional 941 shares during the period. Finally, Hantz Financial Services Inc. bought a new position in J. M. Smucker during the 4th quarter worth about $39,000. 81.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on SJM. Wall Street Zen raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. DA Davidson cut their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Morgan Stanley assumed coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They issued an "overweight" rating and a $123.00 target price for the company. Jefferies Financial Group reissued a "hold" rating on shares of J. M. Smucker in a research report on Wednesday. Finally, UBS Group assumed coverage on shares of J. M. Smucker in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $134.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, J. M. Smucker currently has a consensus rating of "Hold" and an average price target of $125.70.

J. M. Smucker Trading Up 1.4%

NYSE:SJM traded up $1.56 during mid-day trading on Thursday, hitting $112.51. 815,789 shares of the company's stock were exchanged, compared to its average volume of 1,163,771. The firm has a market capitalization of $11.97 billion, a P/E ratio of 22.77, a PEG ratio of 3.91 and a beta of 0.36. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $125.42. The company has a 50 day simple moving average of $114.36 and a 200-day simple moving average of $111.20. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. As a group, research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.84%. J. M. Smucker's payout ratio is presently -179.25%.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now directly owns 13,263 shares of the company's stock, valued at $1,503,493.68. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill R. Penrose sold 5,117 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. The trade was a 36.78% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

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.