Winfield Associates Inc. decreased its position in shares of J.M. Smucker Company (The) (NYSE:SJM) by 22.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,993 shares of the company’s stock after selling 2,022 shares during the quarter. Winfield Associates Inc.’s holdings in J.M. Smucker Company (The) were worth $734,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of J.M. Smucker Company (The) by 7.6% during the 2nd quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock worth $965,814,000 after buying an additional 578,984 shares in the last quarter. Dai Ichi Life Insurance Company Ltd lifted its stake in shares of J.M. Smucker Company (The) by 7.8% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 20,669 shares of the company’s stock worth $2,446,000 after purchasing an additional 1,500 shares during the last quarter. Koch Industries Inc. purchased a new stake in shares of J.M. Smucker Company (The) during the 2nd quarter worth $495,000. Aviva PLC lifted its stake in shares of J.M. Smucker Company (The) by 1.3% during the 2nd quarter. Aviva PLC now owns 70,815 shares of the company’s stock worth $8,380,000 after purchasing an additional 910 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of J.M. Smucker Company (The) by 2.6% during the 2nd quarter. Swiss National Bank now owns 534,399 shares of the company’s stock worth $63,235,000 after purchasing an additional 13,300 shares during the last quarter. 73.29% of the stock is currently owned by institutional investors and hedge funds.

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J.M. Smucker Company (SJM) traded up $2.19 during trading on Monday, reaching $106.31. The company had a trading volume of 1,174,418 shares, compared to its average volume of 1,099,477. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.41 and a current ratio of 0.97. J.M. Smucker Company has a 12-month low of $99.57 and a 12-month high of $143.68. The firm has a market capitalization of $12,090.00, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.04 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings data on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.10). J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the business posted $1.86 earnings per share. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. sell-side analysts anticipate that J.M. Smucker Company will post 7.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, November 9th. J.M. Smucker Company (The)’s payout ratio is currently 65.68%.

A number of equities research analysts have commented on SJM shares. Stephens cut J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $165.00 to $125.00 in a research note on Wednesday, July 19th. Morgan Stanley reiterated an “underweight” rating and issued a $114.00 price target (down from $126.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, July 18th. Zacks Investment Research upgraded J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Susquehanna Bancshares Inc upgraded J.M. Smucker Company (The) from a “neutral” rating to a “positive” rating and increased their price target for the company from $110.00 to $127.00 in a research note on Monday. Finally, BidaskClub upgraded J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $125.27.

In other news, insider Richard K. Smucker bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average price of $105.40 per share, for a total transaction of $1,054,000.00. Following the completion of the transaction, the insider now directly owns 652,168 shares in the company, valued at approximately $68,738,507.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary A. Oatey bought 1,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was purchased at an average price of $107.30 per share, for a total transaction of $107,300.00. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by company insiders.

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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