US Bancorp DE lowered its position in shares of J.M. Smucker Co. (NYSE:SJM) by 6.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,264 shares of the company’s stock after selling 5,307 shares during the period. US Bancorp DE owned approximately 0.06% of J.M. Smucker worth $9,659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SJM. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in J.M. Smucker by 3.8% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,892 shares of the company’s stock worth $441,000 after buying an additional 105 shares in the last quarter. Bank of Stockton increased its stake in J.M. Smucker by 2.3% in the second quarter. Bank of Stockton now owns 4,585 shares of the company’s stock worth $699,000 after buying an additional 105 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in J.M. Smucker by 1.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 103,617 shares of the company’s stock worth $15,792,000 after buying an additional 1,250 shares during the period. Exxonmobil Investment Management Inc. TX increased its stake in J.M. Smucker by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 30,979 shares of the company’s stock worth $4,722,000 after buying an additional 1,839 shares during the period. Finally, DNB Asset Management AS increased its stake in J.M. Smucker by 8.7% in the second quarter. DNB Asset Management AS now owns 12,485 shares of the company’s stock worth $1,903,000 after buying an additional 1,000 shares during the period. 74.90% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for J.M. Smucker (NYSE:SJM)

Shares of J.M. Smucker Co. (NYSE:SJM) traded down 0.20% during trading on Wednesday, reaching $127.01. The company had a trading volume of 481,225 shares. J.M. Smucker Co. has a 12 month low of $117.36 and a 12 month high of $157.31. The firm has a market capitalization of $14.79 billion, a PE ratio of 20.71 and a beta of 0.56. The stock has a 50 day moving average price of $129.95 and a 200 day moving average price of $139.67.

J.M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, November 17th. The company reported $2.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.12. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2 billion. J.M. Smucker had a return on equity of 12.41% and a net margin of 9.63%. J.M. Smucker’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.62 EPS. On average, equities research analysts forecast that J.M. Smucker Co. will post $7.69 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 11th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.36%. The ex-dividend date is Tuesday, November 8th. J.M. Smucker’s dividend payout ratio is 48.86%.

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A number of analysts recently issued reports on SJM shares. Zacks Investment Research downgraded shares of J.M. Smucker from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Deutsche Bank AG set a $165.00 target price on shares of J.M. Smucker and gave the stock a “buy” rating in a research report on Thursday, August 18th. Morgan Stanley reissued a “hold” rating and set a $142.00 target price on shares of J.M. Smucker in a research report on Wednesday, August 24th. Credit Suisse Group AG reissued a “buy” rating and set a $158.00 target price on shares of J.M. Smucker in a research report on Wednesday, August 24th. Finally, Citigroup Inc. reissued a “buy” rating on shares of J.M. Smucker in a research report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $144.60.

About J.M. Smucker

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

5 Day Chart for NYSE:SJM

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