Pinnacle Associates Ltd. trimmed its holdings in J M Smucker Co (NYSE:SJM) by 3.8% during the first quarter, HoldingsChannel reports. The firm owned 4,869 shares of the company’s stock after selling 191 shares during the period. Pinnacle Associates Ltd.’s holdings in J M Smucker were worth $567,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new stake in shares of J M Smucker during the 4th quarter valued at approximately $28,000. Howe & Rusling Inc. raised its position in shares of J M Smucker by 218.3% during the 4th quarter. Howe & Rusling Inc. now owns 296 shares of the company’s stock valued at $28,000 after buying an additional 203 shares during the period. Pinnacle Bank purchased a new stake in shares of J M Smucker during the 4th quarter valued at approximately $39,000. Bremer Trust National Association purchased a new stake in shares of J M Smucker during the 4th quarter valued at approximately $51,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of J M Smucker by 12,668.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,351,461 shares of the company’s stock valued at $57,000 after buying an additional 5,309,548 shares during the period. 78.05% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on SJM shares. Zacks Investment Research raised shares of J M Smucker from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Wednesday, March 27th. Citigroup lifted their price target on shares of J M Smucker from $122.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Wells Fargo & Co lifted their price target on shares of J M Smucker from $100.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, February 25th. Bank of America reaffirmed a “neutral” rating and set a $107.00 price target on shares of J M Smucker in a research report on Friday, May 17th. Finally, ValuEngine raised shares of J M Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $117.18.

Shares of NYSE SJM opened at $124.30 on Tuesday. The company has a market capitalization of $14.14 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 2.80 and a beta of 0.53. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.44 and a current ratio of 0.95. J M Smucker Co has a 52-week low of $91.32 and a 52-week high of $128.43.

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Thursday, May 16th. J M Smucker’s payout ratio is 42.71%.

In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,932 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $102.86, for a total value of $198,725.52. Following the sale, the senior vice president now owns 24,292 shares of the company’s stock, valued at $2,498,675.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.92% of the stock is owned by insiders.

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J M Smucker Company Profile

The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.

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

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