Commonwealth Bank of Australia grew its holdings in J M Smucker Co (NYSE:SJM) by 65.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,166 shares of the company’s stock after acquiring an additional 6,397 shares during the quarter. Commonwealth Bank of Australia’s holdings in J M Smucker were worth $1,689,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SJM. Sun Life Financial INC lifted its holdings in shares of J M Smucker by 10,512.5% during the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock worth $100,000 after purchasing an additional 841 shares during the period. Paradigm Asset Management Co. LLC lifted its holdings in shares of J M Smucker by 4.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock worth $136,000 after purchasing an additional 50 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of J M Smucker during the third quarter worth about $201,000. Well Done LLC acquired a new stake in shares of J M Smucker during the third quarter worth about $201,000. Finally, Stokes & Hubbell Capital Management LLC acquired a new stake in shares of J M Smucker during the third quarter worth about $202,000. 75.46% of the stock is owned by institutional investors and hedge funds.

Shares of J M Smucker Co (NYSE:SJM) traded up $3.78 on Tuesday, hitting $119.39. The company had a trading volume of 1,446,800 shares, compared to its average volume of 1,120,896. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42. J M Smucker Co has a 52-week low of $99.57 and a 52-week high of $143.68. The stock has a market capitalization of $13,560.00, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.14 and a beta of 0.67.

J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the business earned $2.05 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. sell-side analysts predict that J M Smucker Co will post 7.79 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Thursday, November 9th. J M Smucker’s payout ratio is 63.16%.

In other news, Director Gary A. Oatey purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average cost of $107.30 per share, for a total transaction of $107,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is currently owned by insiders.

SJM has been the subject of a number of research reports. Morgan Stanley set a $106.00 target price on J M Smucker and gave the stock a “sell” rating in a report on Friday, October 13th. Zacks Investment Research upgraded J M Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Credit Suisse Group set a $110.00 price target on J M Smucker and gave the company a “hold” rating in a research report on Friday, November 17th. BidaskClub cut J M Smucker from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Finally, Citigroup reduced their price target on J M Smucker from $155.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, August 25th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. J M Smucker currently has a consensus rating of “Hold” and an average target price of $125.17.

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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.

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

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