Strs Ohio raised its position in J M Smucker Co (NYSE:SJM) by 36.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,647 shares of the company’s stock after acquiring an additional 4,687 shares during the quarter. Strs Ohio’s holdings in J M Smucker were worth $1,810,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. grew its position in J M Smucker by 5.4% in the second quarter. BlackRock Inc. now owns 9,452,323 shares of the company’s stock valued at $1,015,934,000 after acquiring an additional 484,096 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of J M Smucker by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,959,125 shares of the company’s stock worth $425,526,000 after buying an additional 61,426 shares in the last quarter. LSV Asset Management grew its position in shares of J M Smucker by 2.4% during the second quarter. LSV Asset Management now owns 2,656,118 shares of the company’s stock worth $285,479,000 after buying an additional 61,475 shares in the last quarter. Ariel Investments LLC grew its position in shares of J M Smucker by 6.6% during the second quarter. Ariel Investments LLC now owns 1,767,460 shares of the company’s stock worth $189,967,000 after buying an additional 108,828 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of J M Smucker by 4.0% during the second quarter. Northern Trust Corp now owns 1,561,484 shares of the company’s stock worth $167,828,000 after buying an additional 60,352 shares in the last quarter. 82.61% of the stock is owned by institutional investors.
Shares of SJM opened at $108.32 on Thursday. J M Smucker Co has a 12-month low of $96.13 and a 12-month high of $133.38. The firm has a market cap of $12.47 billion, a P/E ratio of 13.32, a PEG ratio of 2.05 and a beta of 0.53. The company has a current ratio of 1.17, a quick ratio of 0.51 and a debt-to-equity ratio of 0.78.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 16th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 3.14%. The ex-dividend date is Thursday, November 15th. J M Smucker’s dividend payout ratio (DPR) is presently 42.71%.
SJM has been the subject of a number of recent analyst reports. Wolfe Research downgraded shares of J M Smucker from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, September 26th. Zacks Investment Research downgraded shares of J M Smucker from a “hold” rating to a “strong sell” rating in a research report on Friday, July 6th. ValuEngine downgraded shares of J M Smucker from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 23rd. Bank of America reissued a “neutral” rating and set a $106.00 price target on shares of J M Smucker in a research report on Wednesday, October 3rd. Finally, Credit Suisse Group set a $95.00 price target on shares of J M Smucker and gave the stock a “sell” rating in a research report on Friday, September 21st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $120.62.
In related news, SVP Jeannette L. Knudsen sold 1,500 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $110.74, for a total transaction of $166,110.00. Following the transaction, the senior vice president now directly owns 26,224 shares in the company, valued at $2,904,045.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.92% of the company’s stock.
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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