Robeco Institutional Asset Management B.V. grew its stake in shares of J M Smucker Co (NYSE:SJM) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 106,503 shares of the company’s stock after purchasing an additional 9,779 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in J M Smucker were worth $10,927,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Regentatlantic Capital LLC raised its holdings in shares of J M Smucker by 5.9% in the 3rd quarter. Regentatlantic Capital LLC now owns 26,229 shares of the company’s stock worth $2,691,000 after acquiring an additional 1,471 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of J M Smucker by 2.5% in the 3rd quarter. Arizona State Retirement System now owns 69,340 shares of the company’s stock worth $7,115,000 after acquiring an additional 1,681 shares during the last quarter. CWM LLC raised its holdings in shares of J M Smucker by 347.5% in the 3rd quarter. CWM LLC now owns 1,763 shares of the company’s stock worth $181,000 after acquiring an additional 1,369 shares during the last quarter. HGK Asset Management Inc. raised its holdings in shares of J M Smucker by 35.9% in the 3rd quarter. HGK Asset Management Inc. now owns 94,576 shares of the company’s stock worth $9,704,000 after acquiring an additional 24,963 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in J M Smucker in the 3rd quarter valued at about $729,000. Hedge funds and other institutional investors own 79.95% of the company’s stock.

In other news, SVP Jeannette L. Knudsen sold 1,500 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $110.74, for a total transaction of $166,110.00. Following the completion of the transaction, the senior vice president now directly owns 26,224 shares of the company’s stock, valued at approximately $2,904,045.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.92% of the stock is owned by corporate insiders.

Several equities research analysts have commented on SJM shares. 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 upgraded 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 reiterated a “neutral” rating and issued a $106.00 price objective on shares of J M Smucker in a research note on Wednesday, October 3rd. Finally, Credit Suisse Group set a $95.00 price objective on shares of J M Smucker and gave the company a “sell” rating in a research note on Friday, September 21st. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $122.09.

NYSE:SJM opened at $113.06 on Monday. 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 stock has a market capitalization of $12.86 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 2.11 and a beta of 0.35. J M Smucker Co has a 52 week low of $96.13 and a 52 week high of $133.38.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Friday, November 16th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, November 15th. J M Smucker’s dividend payout ratio is currently 42.71%.

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J M Smucker Company Profile

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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