Kidder Stephen W trimmed its position in shares of J M Smucker Co (NYSE:SJM) by 61.7% during the third quarter, HoldingsChannel.com reports. The fund owned 2,610 shares of the company’s stock after selling 4,210 shares during the quarter. Kidder Stephen W’s holdings in J M Smucker were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of SJM. BlackRock Inc. lifted its holdings in shares of J M Smucker by 5.4% in the second quarter. BlackRock Inc. now owns 9,452,323 shares of the company’s stock valued at $1,015,934,000 after purchasing an additional 484,096 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of J M Smucker by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,959,125 shares of the company’s stock valued at $425,526,000 after purchasing an additional 61,426 shares in the last quarter. LSV Asset Management lifted its holdings in shares of J M Smucker by 2.4% in the second quarter. LSV Asset Management now owns 2,656,118 shares of the company’s stock valued at $285,479,000 after purchasing an additional 61,475 shares in the last quarter. Ariel Investments LLC lifted its holdings in shares of J M Smucker by 6.6% in the second quarter. Ariel Investments LLC now owns 1,767,460 shares of the company’s stock valued at $189,967,000 after purchasing an additional 108,828 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of J M Smucker by 4.0% in the second quarter. Northern Trust Corp now owns 1,561,484 shares of the company’s stock valued at $167,828,000 after purchasing an additional 60,352 shares in the last quarter. Institutional investors and hedge funds own 82.77% of the company’s stock.

Several brokerages have issued reports on SJM. Bank of America reaffirmed a “neutral” rating and issued a $106.00 price target on shares of J M Smucker in a report on Wednesday, October 3rd. Credit Suisse Group set a $95.00 price objective on shares of J M Smucker and gave the company a “sell” rating in a research note on Friday, September 21st. Zacks Investment Research downgraded shares of J M Smucker from a “hold” rating to a “sell” rating in a research note on Friday, August 24th. ValuEngine raised shares of J M Smucker from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 27th. Finally, Wolfe Research downgraded shares of J M Smucker from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, September 26th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $120.62.

J M Smucker stock opened at $103.93 on Tuesday. J M Smucker Co has a 52-week low of $96.13 and a 52-week high of $133.38. The firm has a market capitalization of $11.67 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 1.87 and a beta of 0.53. The company has a quick ratio of 0.51, a current ratio of 1.17 and a debt-to-equity ratio of 0.78.

J M Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, August 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.02. J M Smucker had a net margin of 17.91% and a return on equity of 12.20%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Research analysts anticipate that J M Smucker Co will post 8.43 EPS for the current fiscal year.

In other news, SVP Jeannette L. Knudsen sold 1,500 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $110.74, for a total value of $166,110.00. Following the completion of the sale, the senior vice president now owns 26,224 shares of the company’s stock, valued at $2,904,045.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.92% of the stock is owned by corporate insiders.

J M Smucker Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

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

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