Comerica Bank trimmed its position in shares of The J.M. Smucker Company (NYSE:SJM) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,308 shares of the company’s stock after selling 632 shares during the quarter. Comerica Bank’s holdings in The J.M. Smucker were worth $4,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Independence Bank of Kentucky bought a new stake in shares of The J.M. Smucker during the fourth quarter valued at approximately $173,000. Ramsay Stattman Vela & Price Inc. bought a new stake in shares of The J.M. Smucker during the fourth quarter valued at approximately $200,000. Avestar Capital LLC bought a new stake in shares of The J.M. Smucker during the fourth quarter valued at approximately $200,000. Baker Avenue Asset Management LP bought a new stake in shares of The J.M. Smucker during the fourth quarter valued at approximately $201,000. Finally, Mutual of Omaha Bank Wealth Management bought a new stake in shares of The J.M. Smucker during the fourth quarter valued at approximately $205,000. 79.84% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on SJM. ValuEngine cut shares of The J.M. Smucker from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. Credit Suisse Group set a $120.00 price target on shares of The J.M. Smucker and gave the company a “hold” rating in a research note on Thursday, April 5th. Susquehanna Bancshares reissued a “buy” rating and set a $151.00 price target on shares of The J.M. Smucker in a research note on Friday, January 26th. Jefferies Group reissued a “buy” rating and set a $135.00 price target on shares of The J.M. Smucker in a research note on Thursday, March 22nd. Finally, Zacks Investment Research raised shares of The J.M. Smucker from a “hold” rating to a “buy” rating and set a $137.00 price target on the stock in a research note on Tuesday, February 20th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The J.M. Smucker presently has an average rating of “Hold” and an average target price of $130.69.

Shares of NYSE SJM opened at $111.32 on Friday. The J.M. Smucker Company has a fifty-two week low of $110.96 and a fifty-two week high of $111.71. The company has a market capitalization of $12.61 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.42 and a beta of 0.62. The company has a current ratio of 1.48, a quick ratio of 0.64 and a debt-to-equity ratio of 0.60.

The J.M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Friday, February 16th. The company reported $2.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.34. The J.M. Smucker had a net margin of 17.16% and a return on equity of 12.46%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the business posted $2.00 earnings per share. The J.M. Smucker’s revenue was up 1.3% compared to the same quarter last year. research analysts predict that The J.M. Smucker Company will post 8.25 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be issued a $0.78 dividend. The ex-dividend date is Thursday, May 10th. This represents a $3.12 annualized dividend and a yield of 2.80%. The J.M. Smucker’s dividend payout ratio is currently 40.41%.

The J.M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates through U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. The company primarily offers coffee, pet food products, 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 The J.M. Smucker (NYSE:SJM)

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