Nuveen Asset Management LLC decreased its stake in J.M. Smucker Company (The) (NYSE:SJM) by 59.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,682 shares of the company’s stock after selling 9,983 shares during the period. Nuveen Asset Management LLC’s holdings in J.M. Smucker Company (The) were worth $876,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Cleararc Capital Inc. increased its position in shares of J.M. Smucker Company (The) by 0.4% in the first quarter. Cleararc Capital Inc. now owns 2,849 shares of the company’s stock worth $373,000 after buying an additional 11 shares during the last quarter. Schmidt P J Investment Management Inc. increased its position in shares of J.M. Smucker Company (The) by 0.5% in the first quarter. Schmidt P J Investment Management Inc. now owns 2,411 shares of the company’s stock worth $316,000 after buying an additional 13 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased its position in shares of J.M. Smucker Company (The) by 0.5% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 5,078 shares of the company’s stock worth $666,000 after buying an additional 26 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in J.M. Smucker Company (The) by 1.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,105 shares of the company’s stock worth $381,000 after buying an additional 37 shares during the period. Finally, Cue Financial Group Inc. boosted its position in J.M. Smucker Company (The) by 1.0% in the first quarter. Cue Financial Group Inc. now owns 5,151 shares of the company’s stock worth $675,000 after buying an additional 50 shares during the period. Institutional investors own 75.09% of the company’s stock.

Shares of J.M. Smucker Company (SJM) traded down 0.62% during mid-day trading on Friday, reaching $121.90. The company had a trading volume of 725,363 shares. J.M. Smucker Company has a 12-month low of $114.31 and a 12-month high of $156.23. The firm has a market capitalization of $13.83 billion, a PE ratio of 23.90 and a beta of 0.62. The stock has a 50 day moving average price of $119.57 and a 200 day moving average price of $128.21.

J.M. Smucker Company (The) (NYSE:SJM) last announced its earnings results on Thursday, June 8th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.08. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.77 billion. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS. On average, equities analysts forecast that J.M. Smucker Company will post $7.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Wednesday, August 9th. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is 61.18%.

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A number of research firms have commented on SJM. BidaskClub raised shares of J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Deutsche Bank AG reissued a “hold” rating and issued a $131.00 target price (down previously from $135.00) on shares of J.M. Smucker Company (The) in a research report on Thursday, July 13th. Jefferies Group LLC raised shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and boosted their target price for the company from $130.00 to $140.00 in a research report on Friday, July 28th. Susquehanna Bancshares Inc set a $141.00 target price on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a research report on Wednesday, June 7th. Finally, Hilliard Lyons raised shares of J.M. Smucker Company (The) from a “neutral” rating to a “long-term buy” rating and set a $140.00 target price for the company in a research report on Tuesday, July 11th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $132.82.

In other J.M. Smucker Company (The) news, Director Sandra Pianalto acquired 250 shares of the stock in a transaction dated Tuesday, June 27th. The stock was purchased at an average price of $120.61 per share, with a total value of $30,152.50. Following the transaction, the director now directly owns 250 shares of the company’s stock, valued at $30,152.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Steven Oakland sold 6,047 shares of J.M. Smucker Company (The) stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $122.00, for a total value of $737,734.00. Following the sale, the insider now directly owns 47,667 shares of the company’s stock, valued at approximately $5,815,374. The disclosure for this sale can be found here. Insiders have sold a total of 16,030 shares of company stock worth $1,948,195 in the last ninety days. Insiders own 3.50% of the company’s stock.

J.M. Smucker Company (The) Company Profile

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.

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

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