Comerica Bank reduced its stake in J M Smucker Co (NYSE:SJM) by 13.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,600 shares of the company’s stock after selling 4,910 shares during the quarter. Comerica Bank’s holdings in J M Smucker were worth $3,239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. purchased a new stake in J M Smucker in the 2nd quarter valued at $122,000. Truvestments Capital LLC purchased a new stake in J M Smucker in the 3rd quarter valued at $154,000. Squar Milner Financial Services LLC purchased a new stake in J M Smucker in the 2nd quarter valued at $160,000. IMS Capital Management purchased a new stake in J M Smucker in the 2nd quarter valued at $181,000. Finally, CWM LLC raised its position in J M Smucker by 347.5% in the 3rd quarter. CWM LLC now owns 1,763 shares of the company’s stock valued at $181,000 after buying an additional 1,369 shares during the last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on SJM shares. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. ValuEngine lowered J M Smucker from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 23rd. Credit Suisse Group set a $95.00 price target on J M Smucker and gave the company a “sell” rating in a research report on Friday, September 21st. Wolfe Research lowered J M Smucker from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, September 26th. Finally, Bank of America reissued a “neutral” rating and issued a $106.00 price target on shares of J M Smucker in a research report on Wednesday, October 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $122.09.

Shares of NYSE:SJM opened at $109.99 on Thursday. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 2.09 and a beta of 0.35. The company has a quick ratio of 0.51, a current ratio of 1.17 and a debt-to-equity ratio of 0.78. J M Smucker Co has a 1 year low of $96.13 and a 1 year high of $133.38.

J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, August 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. On average, equities analysts forecast that J M Smucker Co will post 8.4 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 16th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.40 dividend on an annualized basis and a yield of 3.09%. J M Smucker’s dividend payout ratio (DPR) is presently 42.71%.

In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,500 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now owns 26,224 shares in the company, valued at approximately $2,904,045.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.92% of the stock is owned by corporate insiders.

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J M Smucker 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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