Tredje AP fonden cut its stake in J.M. Smucker Company (The) (NYSE:SJM) by 23.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,434 shares of the company’s stock after selling 8,200 shares during the period. Tredje AP fonden’s holdings in J.M. Smucker Company (The) were worth $3,596,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Advantage Investment Management LLC bought a new position in J.M. Smucker Company (The) during the fourth quarter valued at approximately $127,000. Sowell Financial Services LLC bought a new position in J.M. Smucker Company (The) during the fourth quarter valued at approximately $147,000. Fenimore Asset Management Inc. bought a new position in J.M. Smucker Company (The) during the first quarter valued at approximately $200,000. Schnieders Capital Management LLC bought a new position in J.M. Smucker Company (The) during the first quarter valued at approximately $217,000. Finally, Advisory Services Network LLC bought a new position in J.M. Smucker Company (The) during the first quarter valued at approximately $221,000. Hedge funds and other institutional investors own 73.76% of the company’s stock.

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

J.M. Smucker Company (NYSE SJM) opened at 124.72 on Friday. J.M. Smucker Company has a 52-week low of $122.05 and a 52-week high of $157.31. The stock has a market cap of $14.25 billion, a P/E ratio of 24.45 and a beta of 0.58. The firm’s 50-day moving average is $127.03 and its 200-day moving average is $131.37.

J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 8th. The company reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.08. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.77 billion. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.19 earnings per share. Equities research analysts predict that J.M. Smucker Company will post $7.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 12th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, May 10th. J.M. Smucker Company (The)’s payout ratio is currently 58.82%.

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SJM has been the topic of several recent analyst reports. Sanford C. Bernstein downgraded shares of J.M. Smucker Company (The) from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $147.00 to $130.00 in a research note on Tuesday, March 21st. Zacks Investment Research downgraded shares of J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, May 8th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $126.00 price target (down previously from $138.00) on shares of J.M. Smucker Company (The) in a research note on Friday, May 19th. Morgan Stanley downgraded shares of J.M. Smucker Company (The) from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $132.00 to $126.00 in a research note on Monday, April 10th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $132.00 price target (down previously from $135.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, April 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $134.20.

J.M. Smucker Company (The) Company Profile

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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