Segall Bryant & Hamill LLC trimmed its position in shares of J M Smucker Co (NYSE:SJM) by 11.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,414 shares of the company’s stock after selling 4,980 shares during the period. Segall Bryant & Hamill LLC’s holdings in J M Smucker were worth $4,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SJM. Retirement Systems of Alabama grew its holdings in J M Smucker by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 56,451 shares of the company’s stock valued at $6,680,000 after purchasing an additional 174 shares in the last quarter. Beach Investment Management LLC. acquired a new position in J M Smucker during the 2nd quarter worth $730,000. Global X Management Co. LLC grew its holdings in J M Smucker by 4.4% during the 2nd quarter. Global X Management Co. LLC now owns 5,793 shares of the company’s stock worth $685,000 after acquiring an additional 242 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in J M Smucker by 221.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 153,849 shares of the company’s stock worth $18,205,000 after acquiring an additional 106,028 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in J M Smucker by 4.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 398,582 shares of the company’s stock worth $47,165,000 after acquiring an additional 15,324 shares in the last quarter. 75.46% of the stock is owned by institutional investors and hedge funds.

J M Smucker Co (NYSE:SJM) traded up $0.14 during midday trading on Monday, hitting $118.61. 713,500 shares of the stock traded hands, compared to its average volume of 1,117,055. J M Smucker Co has a 1-year low of $99.57 and a 1-year high of $143.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42. The firm has a market cap of $13,330.00, a price-to-earnings ratio of 16.18, a PEG ratio of 2.20 and a beta of 0.67.

J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, November 16th. The company reported $2.02 EPS 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 analyst estimates of $1.90 billion. During the same period in the previous year, the business posted $2.05 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. equities research analysts expect that J M Smucker Co will post 7.79 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Thursday, November 9th. J M Smucker’s dividend payout ratio (DPR) is presently 63.16%.

SJM has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of J M Smucker from $155.00 to $133.00 and set a “buy” rating for the company in a report on Friday, August 25th. Jefferies Group set a $130.00 price objective on shares of J M Smucker and gave the stock a “buy” rating in a report on Monday, October 30th. Susquehanna Bancshares set a $141.00 price objective on shares of J M Smucker and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Credit Suisse Group set a $110.00 price objective on shares of J M Smucker and gave the stock a “hold” rating in a report on Friday, August 25th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price 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.

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

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