Cognios Capital LLC reduced its holdings in shares of J M Smucker Co (NYSE:SJM) by 60.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,382 shares of the company’s stock after selling 11,427 shares during the quarter. Cognios Capital LLC’s holdings in J M Smucker were worth $917,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SJM. Thrivent Financial For Lutherans grew its holdings in J M Smucker by 2.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,691 shares of the company’s stock worth $555,000 after acquiring an additional 130 shares during the period. Macquarie Group Ltd. grew its holdings in J M Smucker by 5.2% during the 2nd quarter. Macquarie Group Ltd. now owns 79,527 shares of the company’s stock worth $9,410,000 after acquiring an additional 3,950 shares during the period. Janus Henderson Group PLC grew its holdings in J M Smucker by 25.5% during the 2nd quarter. Janus Henderson Group PLC now owns 313,225 shares of the company’s stock worth $37,064,000 after acquiring an additional 63,601 shares during the period. Nomura Holdings Inc. grew its holdings in J M Smucker by 188.5% during the 2nd quarter. Nomura Holdings Inc. now owns 14,807 shares of the company’s stock worth $1,753,000 after acquiring an additional 31,547 shares during the period. Finally, Verition Fund Management LLC grew its holdings in J M Smucker by 239.3% during the 2nd quarter. Verition Fund Management LLC now owns 9,499 shares of the company’s stock worth $1,124,000 after acquiring an additional 6,699 shares during the period. Hedge funds and other institutional investors own 75.48% of the company’s stock.

In other news, SVP Jeannette L. Knudsen sold 1,600 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the completion of the sale, the senior vice president now directly owns 23,452 shares in the company, valued at approximately $2,916,490.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David J. Lemmon sold 1,205 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $124.54, for a total value of $150,070.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,610 shares of company stock valued at $698,093. 3.50% of the stock is currently owned by company insiders.

A number of analysts have weighed in on the company. Susquehanna Bancshares reiterated a “buy” rating and set a $151.00 price target on shares of J M Smucker in a report on Friday, January 26th. Credit Suisse Group set a $120.00 price target on J M Smucker and gave the stock a “hold” rating in a report on Wednesday, January 10th. Wells Fargo & Co set a $128.00 price target on J M Smucker and gave the stock a “hold” rating in a report on Thursday, January 4th. Stifel Nicolaus increased their price target on J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a report on Friday, November 17th. Finally, UBS Group upgraded J M Smucker from a “neutral” rating to a “positive” rating in a report on Monday, November 13th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $127.83.

Shares of J M Smucker Co (SJM) opened at $119.52 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42. The company has a market capitalization of $13,580.00, a PE ratio of 24.19, a PEG ratio of 2.04 and a beta of 0.65. J M Smucker Co has a 12 month low of $99.57 and a 12 month high of $143.68.

J M Smucker (NYSE:SJM) last issued its earnings results on Thursday, November 16th. The company reported $2.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.12. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business posted $2.05 EPS. analysts anticipate that J M Smucker Co will post 7.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be paid a $0.78 dividend. The ex-dividend date is Thursday, February 8th. This represents a $3.12 annualized dividend and a dividend yield of 2.61%. J M Smucker’s dividend payout ratio is presently 63.16%.

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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.

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

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