J.M. Smucker Company (The) (SJM) Position Cut by Puzo Michael J

Puzo Michael J lowered its position in shares of J.M. Smucker Company (The) (NYSE:SJM) by 0.9% during the third quarter, Holdings Channel reports. The firm owned 3,192 shares of the company’s stock after selling 30 shares during the period. Puzo Michael J’s holdings in J.M. Smucker Company (The) were worth $433,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SJM. Concert Wealth Management Inc. purchased a new stake in J.M. Smucker Company (The) during the second quarter worth about $223,000. Sumitomo Mitsui Asset Management Company LTD boosted its stake in J.M. Smucker Company (The) by 1.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,400 shares of the company’s stock worth $1,585,000 after buying an additional 141 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in J.M. Smucker Company (The) by 1.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 335,843 shares of the company’s stock worth $51,186,000 after buying an additional 4,894 shares during the period. Sequoia Financial Advisors LLC boosted its stake in J.M. Smucker Company (The) by 0.5% in the second quarter. Sequoia Financial Advisors LLC now owns 10,215 shares of the company’s stock worth $1,557,000 after buying an additional 54 shares during the period. Finally, Moody Lynn & Lieberson LLC boosted its stake in J.M. Smucker Company (The) by 34.7% in the second quarter. Moody Lynn & Lieberson LLC now owns 11,189 shares of the company’s stock worth $1,705,000 after buying an additional 2,885 shares during the period. Institutional investors own 75.27% of the company’s stock.

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

Shares of J.M. Smucker Company (NYSE:SJM) opened at 138.02 on Monday. The stock’s 50 day moving average is $132.93 and its 200 day moving average is $135.66. J.M. Smucker Company has a 12-month low of $121.79 and a 12-month high of $157.31. The firm has a market cap of $16.07 billion, a price-to-earnings ratio of 22.50 and a beta of 0.54.

J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings data on Thursday, November 17th. The company reported $2.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.12. J.M. Smucker Company (The) had a net margin of 9.63% and a return on equity of 12.41%. The company earned $1.91 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the company posted $1.62 earnings per share. J.M. Smucker Company (The)’s revenue for the quarter was down 7.9% compared to the same quarter last year. Equities analysts expect that J.M. Smucker Company will post $7.68 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, February 8th. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is presently 48.86%.

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Several equities research analysts recently weighed in on SJM shares. Deutsche Bank AG reiterated a “buy” rating and issued a $162.00 target price (up previously from $150.00) on shares of J.M. Smucker Company (The) in a research note on Monday, November 14th. Zacks Investment Research cut shares of J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, January 18th. Bank of America Corporation started coverage on shares of J.M. Smucker Company (The) in a research note on Tuesday, December 6th. They issued a “neutral” rating and a $130.00 target price for the company. Credit Suisse Group set a $134.00 target price on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a research note on Friday, November 18th. Finally, Jefferies Group LLC reduced their target price on shares of J.M. Smucker Company (The) from $135.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, November 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. J.M. Smucker Company (The) has a consensus rating of “Hold” and an average price target of $142.36.

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.

5 Day Chart for NYSE:SJM

Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J.M. Smucker Company (The) (NYSE:SJM).

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