PVG Asset Management Corp lessened its stake in J M Smucker Co (NYSE:SJM) by 41.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,182 shares of the company’s stock after selling 27,148 shares during the period. J M Smucker accounts for approximately 1.8% of PVG Asset Management Corp’s investment portfolio, making the stock its 21st largest holding. PVG Asset Management Corp’s holdings in J M Smucker were worth $4,006,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of SJM. Sun Life Financial INC grew its stake in J M Smucker by 10,512.5% in the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock valued at $100,000 after purchasing an additional 841 shares during the last quarter. Paradigm Asset Management Co. LLC grew its stake in shares of J M Smucker by 4.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock worth $136,000 after acquiring an additional 50 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of J M Smucker during the third quarter worth about $201,000. Well Done LLC purchased a new stake in shares of J M Smucker during the third quarter worth about $201,000. Finally, Stokes & Hubbell Capital Management LLC purchased a new stake in shares of J M Smucker during the third quarter worth about $202,000. Institutional investors own 75.46% of the company’s stock.

J M Smucker Co (NYSE SJM) traded down $1.35 during trading on Tuesday, hitting $117.26. The company had a trading volume of 1,048,400 shares, compared to its average volume of 1,116,767. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42. J M Smucker Co has a 12-month low of $99.57 and a 12-month high of $143.68. The firm has a market capitalization of $13,473.81, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67.

J M Smucker (NYSE:SJM) last released its earnings results on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. The company’s revenue was up .5% compared to the same quarter last year. analysts expect that J M Smucker Co will post 7.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Thursday, November 9th. J M Smucker’s dividend payout ratio (DPR) is 63.03%.

SJM has been the topic of a number of research analyst reports. Susquehanna Bancshares set a $131.00 price target on J M Smucker and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. J P Morgan Chase & Co lowered J M Smucker from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $135.00 to $116.00 in a research note on Thursday, August 24th. Credit Suisse Group set a $110.00 price target on J M Smucker and gave the stock a “hold” rating in a research note on Friday, August 25th. Morgan Stanley restated a “sell” rating and set a $108.00 price target (down previously from $114.00) on shares of J M Smucker in a research note on Friday, August 25th. Finally, Citigroup dropped their price target on J M Smucker from $155.00 to $133.00 and set a “buy” rating on the stock in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $126.00.

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J M Smucker 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.

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

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