Commonwealth Bank of Australia lowered its position in J M Smucker Co (NYSE:SJM) by 0.5% in the first quarter, HoldingsChannel.com reports. The fund owned 18,803 shares of the company’s stock after selling 100 shares during the quarter. Commonwealth Bank of Australia’s holdings in J M Smucker were worth $2,185,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Ropes Wealth Advisors LLC raised its position in shares of J M Smucker by 360.3% in the first quarter. Ropes Wealth Advisors LLC now owns 1,841 shares of the company’s stock worth $214,000 after acquiring an additional 1,441 shares during the period. Morningstar Investment Services LLC raised its position in shares of J M Smucker by 2.7% in the fourth quarter. Morningstar Investment Services LLC now owns 4,055 shares of the company’s stock worth $379,000 after acquiring an additional 105 shares during the period. Hodges Capital Management Inc. acquired a new position in shares of J M Smucker in the first quarter worth about $449,000. Amundi Pioneer Asset Management Inc. raised its position in shares of J M Smucker by 13.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 301,975 shares of the company’s stock worth $28,232,000 after acquiring an additional 35,380 shares during the period. Finally, Physicians Financial Services Inc. acquired a new position in shares of J M Smucker in the first quarter worth about $305,000. Institutional investors and hedge funds own 78.05% of the company’s stock.

In other news, SVP Jeannette L. Knudsen sold 1,932 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $102.86, for a total transaction of $198,725.52. Following the completion of the sale, the senior vice president now owns 24,292 shares of the company’s stock, valued at $2,498,675.12. The transaction 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 insiders.

SJM has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of J M Smucker from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Wednesday, March 27th. Citigroup boosted their target price on shares of J M Smucker from $122.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, February 27th. Wells Fargo & Co boosted their target price on shares of J M Smucker from $100.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, February 25th. Bank of America reissued a “neutral” rating and set a $107.00 target price on shares of J M Smucker in a research note on Friday, May 17th. Finally, ValuEngine raised shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $117.18.

SJM stock opened at $124.30 on Tuesday. The stock has a market cap of $13.89 billion, a PE ratio of 15.62, a P/E/G ratio of 2.80 and a beta of 0.53. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.44. J M Smucker Co has a 52 week low of $91.32 and a 52 week high of $128.43.

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were paid a dividend of $0.85 per share. The ex-dividend date was Thursday, May 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.74%. J M Smucker’s dividend payout ratio is currently 42.71%.

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J M Smucker Company Profile

The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.

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

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