Gotham Asset Management LLC cut its holdings in shares of J M Smucker Co (NYSE:SJM) by 68.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,189 shares of the company’s stock after selling 163,005 shares during the quarter. Gotham Asset Management LLC owned 0.07% of J M Smucker worth $9,341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northern Oak Wealth Management Inc. boosted its position in shares of J M Smucker by 98.4% during the 3rd quarter. Northern Oak Wealth Management Inc. now owns 51,554 shares of the company’s stock worth $5,410,000 after acquiring an additional 25,571 shares in the last quarter. Sheets Smith Wealth Management boosted its position in shares of J M Smucker by 35.9% during the 4th quarter. Sheets Smith Wealth Management now owns 17,018 shares of the company’s stock worth $2,114,000 after acquiring an additional 4,500 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of J M Smucker by 2.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 407,057 shares of the company’s stock worth $42,713,000 after acquiring an additional 8,475 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of J M Smucker by 6.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 139,088 shares of the company’s stock worth $14,595,000 after acquiring an additional 8,060 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in shares of J M Smucker by 68.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,067,032 shares of the company’s stock worth $111,964,000 after acquiring an additional 432,461 shares in the last quarter. 77.58% of the stock is currently owned by institutional investors.

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In related news, SVP Jeannette L. Knudsen sold 1,600 shares of J M Smucker stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $124.36, for a total transaction of $198,976.00. Following the completion of the transaction, the senior vice president now owns 23,452 shares of the company’s stock, valued at $2,916,490.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider David J. Lemmon sold 1,205 shares of J M Smucker stock in a transaction on Friday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,610 shares of company stock worth $698,093. 3.50% of the stock is owned by company insiders.

J M Smucker Co (NYSE SJM) opened at $118.28 on Friday. The company has a market cap of $14,248.74, a price-to-earnings ratio of 10.65, a PEG ratio of 1.93 and a beta of 0.62. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.64 and a current ratio of 1.48. J M Smucker Co has a fifty-two week low of $99.57 and a fifty-two week high of $134.13.

J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Friday, February 16th. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.34. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. J M Smucker had a net margin of 17.16% and a return on equity of 12.46%. J M Smucker’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.00 earnings per share. research analysts forecast that J M Smucker Co will post 8.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.64%. J M Smucker’s dividend payout ratio (DPR) is presently 28.08%.

Several analysts recently issued reports on the stock. Credit Suisse Group set a $120.00 price target on shares of J M Smucker and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Jefferies Group reiterated a “buy” rating and set a $135.00 price target on shares of J M Smucker in a research report on Thursday. Susquehanna Bancshares set a $141.00 price target on shares of J M Smucker and gave the stock a “buy” rating in a research report on Friday, December 8th. Barclays reiterated an “equal weight” rating and set a $125.00 price target (up previously from $120.00) on shares of J M Smucker in a research report on Tuesday, February 20th. Finally, Zacks Investment Research upgraded shares of J M Smucker from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research report on Tuesday, February 20th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $129.38.

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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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