Robeco Institutional Asset Management B.V. boosted its stake in shares of J.M. Smucker Co. (NYSE:SJM) by 14.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,411 shares of the company’s stock after buying an additional 24,479 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.16% of J.M. Smucker worth $25,945,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in SJM. Ownership Capital B.V. increased its position in J.M. Smucker by 15.0% in the second quarter. Ownership Capital B.V. now owns 364,387 shares of the company’s stock valued at $55,536,000 after buying an additional 47,638 shares in the last quarter. Fundsmith LLP increased its position in J.M. Smucker by 68.3% in the second quarter. Fundsmith LLP now owns 3,450,789 shares of the company’s stock valued at $525,935,000 after buying an additional 1,399,810 shares in the last quarter. Columbus Circle Investors increased its position in J.M. Smucker by 13.6% in the second quarter. Columbus Circle Investors now owns 93,525 shares of the company’s stock valued at $14,254,000 after buying an additional 11,224 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in J.M. Smucker by 1.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 335,843 shares of the company’s stock valued at $51,186,000 after buying an additional 4,894 shares in the last quarter. Finally, Huntington National Bank increased its position in J.M. Smucker by 5.8% in the second quarter. Huntington National Bank now owns 65,692 shares of the company’s stock valued at $10,012,000 after buying an additional 3,579 shares in the last quarter. 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 0.06% during midday trading on Wednesday, reaching $127.20. The company’s stock had a trading volume of 193,495 shares. J.M. Smucker Co. has a 1-year low of $117.36 and a 1-year high of $157.31. The firm has a market capitalization of $14.81 billion, a PE ratio of 20.74 and a beta of 0.56. The company’s 50-day moving average price is $129.95 and its 200 day moving average price is $139.67.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 11th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, November 8th. This represents a $3.00 dividend on an annualized basis and a yield of 2.36%. J.M. Smucker’s dividend payout ratio (DPR) is presently 48.86%.

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Several equities analysts have weighed in on SJM shares. Citigroup Inc. reaffirmed a “buy” rating on shares of J.M. Smucker in a research report on Thursday, August 25th. JPMorgan Chase & Co. reissued a “focus list” rating on shares of J.M. Smucker in a research report on Tuesday, October 4th. Deutsche Bank AG reissued a “buy” rating and set a $162.00 price objective (up from $150.00) on shares of J.M. Smucker in a research report on Monday, November 14th. Zacks Investment Research raised J.M. Smucker from a “sell” rating to a “hold” rating in a research report on Wednesday, November 16th. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $158.00 price objective on shares of J.M. Smucker in a research report on Wednesday, August 24th. 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 issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average 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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