J M Smucker Co (SJM) Holdings Reduced by Keybank National Association OH

Keybank National Association OH trimmed its position in shares of J M Smucker Co (NYSE:SJM) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,508 shares of the company’s stock after selling 8,667 shares during the quarter. Keybank National Association OH owned 0.08% of J M Smucker worth $8,877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SJM. CSat Investment Advisory L.P. purchased a new position in J M Smucker during the second quarter worth $122,000. Truvestments Capital LLC purchased a new stake in shares of J M Smucker during the third quarter valued at $154,000. Squar Milner Financial Services LLC purchased a new stake in shares of J M Smucker during the second quarter valued at $160,000. IMS Capital Management purchased a new stake in shares of J M Smucker during the second quarter valued at $181,000. Finally, CWM LLC boosted its stake in shares of J M Smucker by 347.5% during the third quarter. CWM LLC now owns 1,763 shares of the company’s stock valued at $181,000 after purchasing an additional 1,369 shares during the period. 79.95% of the stock is owned by institutional investors.

Shares of SJM opened at $111.85 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 1.17 and a debt-to-equity ratio of 0.78. The firm has a market cap of $12.86 billion, a PE ratio of 14.05, a P/E/G ratio of 2.11 and a beta of 0.35. J M Smucker Co has a 12-month low of $96.13 and a 12-month high of $133.38.

J M Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, August 21st. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.02. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. J M Smucker had a return on equity of 12.20% and a net margin of 17.91%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. Analysts predict that J M Smucker Co will post 8.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 16th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.40 annualized dividend and a dividend yield of 3.04%. J M Smucker’s payout ratio is currently 42.71%.

SJM has been the subject of a number of recent analyst reports. Wolfe Research lowered shares of J M Smucker from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, September 26th. Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th. ValuEngine lowered shares of J M Smucker from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 23rd. Bank of America reissued a “neutral” rating and set a $106.00 target price on shares of J M Smucker in a research note on Wednesday, October 3rd. Finally, Credit Suisse Group set a $95.00 target price on shares of J M Smucker and gave the company a “sell” rating in a research note on Friday, September 21st. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. J M Smucker has a consensus rating of “Hold” and an average price target of $122.09.

In related news, SVP Jeannette L. Knudsen sold 1,500 shares of J M Smucker stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $110.74, for a total value of $166,110.00. Following the completion of the sale, the senior vice president now directly owns 26,224 shares in the company, valued at $2,904,045.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.92% of the company’s stock.

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About J M Smucker

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

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