USS Investment Management Ltd cut its stake in shares of J M Smucker Co (NYSE:SJM) by 71.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,700 shares of the company’s stock after selling 154,900 shares during the period. USS Investment Management Ltd’s holdings in J M Smucker were worth $7,791,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of J M Smucker by 2.2% during the second quarter. Vanguard Group Inc. now owns 12,209,001 shares of the company’s stock worth $1,444,691,000 after buying an additional 265,451 shares in the last quarter. BlackRock Inc. increased its holdings in J M Smucker by 7.6% in the second quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock valued at $965,814,000 after purchasing an additional 578,984 shares during the period. State Street Corp increased its holdings in J M Smucker by 0.9% in the second quarter. State Street Corp now owns 5,496,377 shares of the company’s stock valued at $650,374,000 after purchasing an additional 49,959 shares during the period. FMR LLC increased its holdings in J M Smucker by 17.1% in the second quarter. FMR LLC now owns 2,352,150 shares of the company’s stock valued at $278,330,000 after purchasing an additional 343,013 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in J M Smucker by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,733,594 shares of the company’s stock valued at $181,908,000 after purchasing an additional 27,182 shares during the period. Institutional investors own 74.98% of the company’s stock.

Shares of J M Smucker Co (NYSE:SJM) opened at $124.01 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The company has a market cap of $14,021.35, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 2.11 and a beta of 0.66. J M Smucker Co has a 1 year low of $99.57 and a 1 year high of $143.68.

J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, November 16th. The company reported $2.02 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.12. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.90 billion. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 earnings per share. equities research analysts expect that J M Smucker Co will post 7.79 EPS for the current fiscal year.

A number of research firms recently weighed in on SJM. Credit Suisse Group set a $120.00 price objective on J M Smucker and gave the company a “hold” rating in a report on Wednesday, January 10th. Susquehanna Bancshares set a $150.00 price objective on J M Smucker and gave the company a “buy” rating in a report on Thursday, January 4th. Wells Fargo & Co set a $128.00 price objective on J M Smucker and gave the company a “hold” rating in a report on Thursday, January 4th. Stifel Nicolaus increased their price objective on J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a report on Friday, November 17th. Finally, Morgan Stanley set a $112.00 price objective on J M Smucker and gave the company a “sell” rating in a report on Friday, November 17th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $127.75.

In other J M Smucker news, insider David J. Lemmon sold 1,205 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $124.54, for a total transaction of $150,070.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $124.36, for a total transaction of $198,976.00. Following the sale, the senior vice president now directly owns 23,452 shares in the company, valued at approximately $2,916,490.72. The disclosure for this sale can be found here. Insiders have sold 5,610 shares of company stock worth $698,093 in the last ninety days. Insiders own 3.50% of the company’s stock.

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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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