JPMorgan Chase & Co. lowered its holdings in shares of J.M. Smucker Company (The) (NYSE:SJM) by 37.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 573,026 shares of the company’s stock after selling 341,640 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.51% of J.M. Smucker Company (The) worth $67,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sawtooth Solutions LLC increased its position in shares of J.M. Smucker Company (The) by 12.7% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,179 shares of the company’s stock valued at $376,000 after purchasing an additional 357 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in J.M. Smucker Company (The) by 21.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,224 shares of the company’s stock worth $1,092,000 after acquiring an additional 1,627 shares in the last quarter. Nuance Investments LLC purchased a new stake in J.M. Smucker Company (The) in the 2nd quarter worth approximately $2,899,000. Sequoia Financial Advisors LLC increased its holdings in J.M. Smucker Company (The) by 17.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,566 shares of the company’s stock worth $1,724,000 after acquiring an additional 2,180 shares in the last quarter. Finally, Swiss National Bank increased its holdings in J.M. Smucker Company (The) by 2.6% in the 2nd quarter. Swiss National Bank now owns 534,399 shares of the company’s stock worth $63,235,000 after acquiring an additional 13,300 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

J.M. Smucker Company (SJM) opened at 107.10 on Tuesday. J.M. Smucker Company has a 1-year low of $103.50 and a 1-year high of $143.68. The company has a market capitalization of $12.16 billion, a P/E ratio of 22.50 and a beta of 0.62. The firm has a 50-day moving average price of $116.44 and a 200 day moving average price of $124.98.

J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings data on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing the Zacks’ consensus estimate of $1.61 by $0.10. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.81 billion. J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 earnings per share. On average, equities analysts predict that J.M. Smucker Company will post $7.74 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a $0.78 dividend. The ex-dividend date was Wednesday, August 9th. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.91%. J.M. Smucker Company (The)’s payout ratio is 65.55%.

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In other J.M. Smucker Company (The) news, insider Barry C. Dunaway sold 9,433 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $121.32, for a total transaction of $1,144,411.56. Following the transaction, the insider now owns 40,966 shares of the company’s stock, valued at $4,969,995.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard K. Smucker acquired 10,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were bought at an average cost of $105.40 per share, for a total transaction of $1,054,000.00. Following the purchase, the insider now directly owns 652,168 shares of the company’s stock, valued at approximately $68,738,507.20. The disclosure for this purchase can be found here. Insiders sold 16,030 shares of company stock valued at $1,948,195 over the last 90 days. Company insiders own 3.50% of the company’s stock.

Several equities research analysts recently issued reports on SJM shares. Citigroup Inc. reduced their target price on shares of J.M. Smucker Company (The) from $155.00 to $133.00 and set a “buy” rating for the company in a report on Friday, August 25th. Stephens lowered shares of J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $165.00 to $125.00 in a report on Wednesday, July 19th. Credit Suisse Group reissued a “neutral” rating and issued a $126.00 target price (down from $138.00) on shares of J.M. Smucker Company (The) in a report on Friday, May 19th. Zacks Investment Research raised shares of J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $135.00 target price (down from $137.00) on shares of J.M. Smucker Company (The) in a report on Wednesday, June 28th. Four analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $126.73.

About J.M. Smucker Company (The)

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.

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

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