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

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

Other institutional investors have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC raised its position in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after acquiring an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new position in J. M. Smucker in the fourth quarter worth approximately $27,000. Kentucky Trust Co bought a new stake in shares of J. M. Smucker during the 4th quarter valued at $28,000. Minot DeBlois Advisors LLC bought a new stake in shares of J. M. Smucker during the 4th quarter valued at $28,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of J. M. Smucker during the 4th quarter valued at $29,000. 81.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares of the company's stock, valued at $1,022,390.44. The trade was a 36.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company's stock.

J. M. Smucker Price Performance

NYSE SJM traded up $0.20 on Friday, reaching $112.67. The company had a trading volume of 1,464,542 shares, compared to its average volume of 1,164,643. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $11.99 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 3.91 and a beta of 0.36. The firm's 50 day moving average price is $114.40 and its 200 day moving average price is $111.19. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $125.42.

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

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be paid a $1.08 dividend. 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 3.83%. J. M. Smucker's payout ratio is currently -179.25%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Jefferies Financial Group restated a "hold" rating on shares of J. M. Smucker in a research report on Wednesday. Barclays decreased their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Morgan Stanley assumed coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They set an "overweight" rating and a $123.00 price objective on the stock. Wall Street Zen upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. Finally, DA Davidson decreased their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, J. M. Smucker presently has an average rating of "Hold" and an average target price of $125.70.

J. M. Smucker 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.