J.M. Smucker Company (The) (SJM) Stake Lessened by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH cut its holdings in shares of J.M. Smucker Company (The) (NYSE:SJM) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 477,158 shares of the company’s stock after selling 19,985 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.42% of J.M. Smucker Company (The) worth $56,462,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of J.M. Smucker Company (The) by 3.7% during the first quarter. Vanguard Group Inc. now owns 11,943,550 shares of the company’s stock worth $1,565,560,000 after purchasing an additional 420,604 shares in the last quarter. BlackRock Inc. increased its position in shares of J.M. Smucker Company (The) by 2,899.4% during the first quarter. BlackRock Inc. now owns 7,583,056 shares of the company’s stock worth $993,987,000 after purchasing an additional 7,330,233 shares in the last quarter. State Street Corp increased its position in shares of J.M. Smucker Company (The) by 2.2% during the first quarter. State Street Corp now owns 5,446,418 shares of the company’s stock worth $713,916,000 after purchasing an additional 115,471 shares in the last quarter. FMR LLC increased its position in shares of J.M. Smucker Company (The) by 49.4% during the first quarter. FMR LLC now owns 2,009,137 shares of the company’s stock worth $263,357,000 after purchasing an additional 664,514 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of J.M. Smucker Company (The) by 7.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,666,440 shares of the company’s stock worth $218,438,000 after purchasing an additional 115,604 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of J.M. Smucker Company (NYSE:SJM) traded up 0.06% during midday trading on Wednesday, hitting $107.81. 165,018 shares of the stock were exchanged. The company has a market cap of $12.25 billion, a PE ratio of 22.64 and a beta of 0.62. The stock has a 50 day moving average price of $116.17 and a 200-day moving average price of $124.85. J.M. Smucker Company has a 12 month low of $103.50 and a 12 month high of $143.68.

J.M. Smucker Company (The) (NYSE:SJM) last announced its quarterly earnings results on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.10). J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business earned $1.86 earnings per share. J.M. Smucker Company (The)’s revenue was down 3.7% compared to the same quarter last year. On average, analysts predict that J.M. Smucker Company will post $7.74 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were paid a dividend of $0.78 per share. This is a positive change from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Wednesday, August 9th. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is currently 65.55%.

A number of brokerages have recently issued reports on SJM. BidaskClub raised 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 price target on J.M. Smucker Company (The) and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Deutsche Bank AG reaffirmed a “hold” rating and set a $131.00 price target (down from $135.00) on shares of J.M. Smucker Company (The) in a research report on Thursday, July 13th. Jefferies Group LLC raised J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and upped their price target for the stock from $130.00 to $140.00 in a research report on Friday, July 28th. Finally, Credit Suisse Group set a $110.00 price target on J.M. Smucker Company (The) and gave the stock a “hold” rating in a research report on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $126.73.

In related news, insider Richard K. Smucker purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average cost of $105.40 per share, for a total transaction of $1,054,000.00. Following the purchase, the insider now directly owns 652,168 shares of the company’s stock, valued at $68,738,507.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Barry C. Dunaway sold 9,433 shares of J.M. Smucker Company (The) stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $121.32, for a total transaction of $1,144,411.56. Following the sale, the insider now owns 40,966 shares in the company, valued at $4,969,995.12. The disclosure for this sale can be found here. Insiders have sold a total of 16,030 shares of company stock worth $1,948,195 over the last quarter. 3.50% of the stock is owned by company insiders.

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

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