Janus Henderson Group PLC trimmed its holdings in shares of J M Smucker Co (NYSE:SJM) by 8.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 288,175 shares of the company’s stock after selling 25,050 shares during the quarter. Janus Henderson Group PLC owned about 0.25% of J M Smucker worth $30,239,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Vident Investment Advisory LLC acquired a new position in J M Smucker during the third quarter worth $808,000. Accident Compensation Corp grew its position in shares of J M Smucker by 88.3% in the third quarter. Accident Compensation Corp now owns 11,300 shares of the company’s stock valued at $1,186,000 after purchasing an additional 5,300 shares during the last quarter. AMP Capital Investors Ltd grew its position in shares of J M Smucker by 19.6% in the third quarter. AMP Capital Investors Ltd now owns 74,030 shares of the company’s stock valued at $7,767,000 after purchasing an additional 12,155 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of J M Smucker by 6.2% in the third quarter. Allianz Asset Management GmbH now owns 139,088 shares of the company’s stock valued at $14,595,000 after purchasing an additional 8,060 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of J M Smucker by 8.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 16,668 shares of the company’s stock valued at $1,749,000 after purchasing an additional 1,340 shares during the last quarter. 75.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of J M Smucker Co (NYSE:SJM) opened at $123.42 on Thursday. 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 one year low of $99.57 and a one year high of $143.68. The firm has a market cap of $13,798.70, a PE ratio of 16.57, a P/E/G ratio of 2.08 and a beta of 0.67.

J M Smucker (NYSE:SJM) last released its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.12. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the company earned $2.05 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. research analysts forecast that J M Smucker Co will post 7.8 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Thursday, November 9th. J M Smucker’s payout ratio is presently 63.03%.

SJM has been the topic of several research analyst reports. Morgan Stanley set a $106.00 price target on J M Smucker and gave the company a “sell” rating in a research report on Friday, October 13th. Zacks Investment Research raised 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 downgraded J M Smucker from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Finally, Citigroup lowered their price target on J M Smucker from $155.00 to $133.00 and set a “buy” rating on the stock in a research report on Friday, August 25th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $126.00.

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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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