Northern Trust Corp decreased its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,641,000 shares of the company’s stock after selling 12,806 shares during the quarter. Northern Trust Corp owned about 1.45% of J.M. Smucker Company (The) worth $194,180,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in J.M. Smucker Company (The) by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 11,943,550 shares of the company’s stock valued at $1,565,560,000 after purchasing an additional 420,604 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of J.M. Smucker Company (The) by 7.6% in the 2nd quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock valued at $965,814,000 after acquiring an additional 578,984 shares during the last quarter. State Street Corp boosted its holdings in shares of J.M. Smucker Company (The) by 2.2% in the 1st quarter. State Street Corp now owns 5,446,418 shares of the company’s stock valued at $713,916,000 after acquiring an additional 115,471 shares during the last quarter. FMR LLC boosted its holdings in shares of J.M. Smucker Company (The) by 49.4% in the 1st quarter. FMR LLC now owns 2,009,137 shares of the company’s stock valued at $263,357,000 after acquiring an additional 664,514 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of J.M. Smucker Company (The) by 7.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,666,440 shares of the company’s stock valued at $218,438,000 after acquiring an additional 115,604 shares during the last quarter. Institutional investors and hedge funds own 73.35% of the company’s stock.

Shares of J.M. Smucker Company (NYSE:SJM) opened at 104.59 on Friday. The company’s 50-day moving average is $114.06 and its 200-day moving average is $123.46. The stock has a market capitalization of $11.88 billion, a P/E ratio of 21.97 and a beta of 0.62. J.M. Smucker Company has a one year low of $103.50 and a one year high of $143.68.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.98%. This is a positive change from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Wednesday, August 9th. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is 65.55%.

SJM has been the topic of several recent research reports. Morgan Stanley reaffirmed a “sell” rating and issued a $108.00 price objective (down from $114.00) on shares of J.M. Smucker Company (The) in a report on Friday, August 25th. Zacks Investment Research raised shares of J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. BidaskClub downgraded shares of J.M. Smucker Company (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $120.00 price objective (down from $126.00) on shares of J.M. Smucker Company (The) in a report on Monday, July 3rd. They noted that the move was a valuation call. Finally, Jefferies Group LLC raised shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and upped their price objective for the company from $130.00 to $140.00 in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $126.73.

In related news, insider Barry C. Dunaway sold 9,433 shares of J.M. Smucker Company (The) stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $121.32, for a total value of $1,144,411.56. Following the transaction, the insider now directly owns 40,966 shares in the company, valued at approximately $4,969,995.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jill R. Penrose sold 550 shares of J.M. Smucker Company (The) stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $120.09, for a total transaction of $66,049.50. Following the completion of the transaction, the senior vice president now owns 13,475 shares in the company, valued at $1,618,212.75. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 11,250 shares of company stock worth $1,191,453. 3.50% of the stock is currently owned by insiders.

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About J.M. Smucker Company (The)

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.

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

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