Affinity Investment Advisors LLC reduced its position in J M Smucker Co (NYSE:SJM) by 26.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 60,373 shares of the company’s stock after selling 22,221 shares during the period. Affinity Investment Advisors LLC’s holdings in J M Smucker were worth $7,033,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SJM. Howe & Rusling Inc. grew its stake in shares of J M Smucker by 218.3% during the fourth quarter. Howe & Rusling Inc. now owns 296 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of J M Smucker during the fourth quarter worth $28,000. Pinnacle Bank acquired a new stake in shares of J M Smucker during the fourth quarter worth $39,000. Meeder Asset Management Inc. acquired a new stake in shares of J M Smucker during the fourth quarter worth $44,000. Finally, Private Capital Group LLC acquired a new stake in shares of J M Smucker during the fourth quarter worth $50,000. 79.50% of the stock is owned by institutional investors.

SJM stock opened at $125.74 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.44 and a current ratio of 0.95. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 2.56 and a beta of 0.58. J M Smucker Co has a 1-year low of $91.32 and a 1-year high of $128.38.

J M Smucker (NYSE:SJM) last posted its earnings results on Tuesday, February 26th. The company reported $2.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.23. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. J M Smucker had a return on equity of 11.61% and a net margin of 8.15%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.50 earnings per share. Analysts predict that J M Smucker Co will post 8.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, May 16th. This represents a $3.40 annualized dividend and a yield of 2.70%. J M Smucker’s dividend payout ratio is presently 42.71%.

A number of equities research analysts recently commented on the company. Zacks Investment Research cut J M Smucker from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Morgan Stanley raised J M Smucker from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $104.00 to $117.00 in a research note on Thursday, April 18th. Credit Suisse Group raised J M Smucker from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $96.00 to $120.00 in a research note on Monday, April 8th. Argus assumed coverage on J M Smucker in a research note on Monday, April 1st. They set a “hold” rating for the company. Finally, ValuEngine raised J M Smucker from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $116.73.

In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,932 shares of J M Smucker stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $102.86, for a total transaction of $198,725.52. Following the transaction, the senior vice president now directly owns 24,292 shares in the company, valued at $2,498,675.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.92% of the company’s stock.

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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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