Legacy Capital Partners Inc. lowered its stake in J.M. Smucker Company (The) (NYSE:SJM) by 10.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,939 shares of the company’s stock after selling 1,420 shares during the period. Legacy Capital Partners Inc.’s holdings in J.M. Smucker Company (The) were worth $1,253,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in SJM. Schroder Investment Management Group grew its stake in J.M. Smucker Company (The) by 7,253.2% in the 2nd quarter. Schroder Investment Management Group now owns 1,166,740 shares of the company’s stock valued at $137,699,000 after buying an additional 1,150,873 shares during the last quarter. BlackRock Inc. grew its stake in J.M. Smucker Company (The) by 7.6% in the 2nd quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock valued at $965,814,000 after buying an additional 578,984 shares during the last quarter. Koch Industries Inc. acquired a new position in J.M. Smucker Company (The) in the 2nd quarter valued at about $495,000. Renaissance Technologies LLC acquired a new position in J.M. Smucker Company (The) in the 2nd quarter valued at about $54,456,000. Finally, Parametric Portfolio Associates LLC grew its stake in J.M. Smucker Company (The) by 251.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 642,552 shares of the company’s stock valued at $76,033,000 after buying an additional 459,528 shares during the last quarter. Institutional investors and hedge funds own 77.30% of the company’s stock.

SJM has been the topic of a number of analyst reports. Stifel Nicolaus increased their target price on shares of J.M. Smucker Company (The) from $109.00 to $113.00 and gave the stock a “hold” rating in a research report on Friday. BidaskClub upgraded shares of J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Susquehanna Bancshares Inc set a $131.00 target price on shares of J.M. Smucker Company (The) and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Credit Suisse Group set a $110.00 target price on shares of J.M. Smucker Company (The) and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Jefferies Group LLC set a $130.00 target price on shares of J.M. Smucker Company (The) and gave the stock a “buy” rating in a research report on Monday, October 30th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. J.M. Smucker Company (The) currently has a consensus rating of “Hold” and an average target price of $125.17.

In other J.M. Smucker Company (The) news, insider Richard K. Smucker purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average price of $105.40 per share, with a total value of $1,054,000.00. Following the completion of the purchase, the insider now owns 652,168 shares of the company’s stock, valued at $68,738,507.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gary A. Oatey purchased 1,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were acquired at an average cost of $107.30 per share, with a total value of $107,300.00. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by company insiders.

Shares of J.M. Smucker Company (NYSE:SJM) traded down $0.28 during trading hours on Monday, reaching $113.91. 428,491 shares of the company traded hands, compared to its average volume of 1,122,243. The company has a market cap of $12,980.00, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.96. J.M. Smucker Company has a fifty-two week low of $99.57 and a fifty-two week high of $143.68.

J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.12. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. J.M. Smucker Company (The) had a net margin of 7.72% and a return on equity of 11.98%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 earnings per share. equities analysts predict that J.M. Smucker Company will post 7.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, November 9th. J.M. Smucker Company (The)’s payout ratio is currently 63.03%.

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About J.M. Smucker Company (The)

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 Company (The) (NYSE:SJM)

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