Rhumbline Advisers Has $26.86 Million Holdings in The J. M. Smucker Company (NYSE:SJM)

Rhumbline Advisers lessened its holdings in shares of The J. M. Smucker Company (NYSE:SJMGet Rating) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 197,740 shares of the company’s stock after selling 4,210 shares during the quarter. Rhumbline Advisers’ holdings in J. M. Smucker were worth $26,857,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. increased its holdings in J. M. Smucker by 1.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 6,194 shares of the company’s stock worth $841,000 after purchasing an additional 74 shares in the last quarter. HM Payson & Co. increased its holdings in J. M. Smucker by 27.1% during the 3rd quarter. HM Payson & Co. now owns 366 shares of the company’s stock worth $44,000 after purchasing an additional 78 shares in the last quarter. Coastal Investment Advisors Inc. increased its holdings in J. M. Smucker by 4.5% during the 4th quarter. Coastal Investment Advisors Inc. now owns 1,828 shares of the company’s stock worth $248,000 after purchasing an additional 78 shares in the last quarter. FineMark National Bank & Trust increased its holdings in J. M. Smucker by 4.7% during the 3rd quarter. FineMark National Bank & Trust now owns 1,769 shares of the company’s stock worth $212,000 after purchasing an additional 79 shares in the last quarter. Finally, Gemmer Asset Management LLC grew its holdings in shares of J. M. Smucker by 70.2% in the 4th quarter. Gemmer Asset Management LLC now owns 194 shares of the company’s stock valued at $26,000 after acquiring an additional 80 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of J. M. Smucker stock opened at $128.36 on Thursday. The company has a quick ratio of 0.57, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. The J. M. Smucker Company has a twelve month low of $118.55 and a twelve month high of $146.74. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of 24.17 and a beta of 0.27. The company’s fifty day moving average is $137.09 and its 200 day moving average is $135.34.

J. M. Smucker (NYSE:SJMGet Rating) last issued its quarterly earnings data on Tuesday, March 1st. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.25. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.04 billion. J. M. Smucker had a net margin of 7.31% and a return on equity of 11.30%. J. M. Smucker’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.45 earnings per share. As a group, equities analysts anticipate that The J. M. Smucker Company will post 8.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, May 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.09%. J. M. Smucker’s dividend payout ratio is currently 74.58%.

SJM has been the subject of several analyst reports. The Goldman Sachs Group raised their price objective on J. M. Smucker from $107.00 to $111.00 in a report on Thursday, February 17th. Credit Suisse Group reduced their price target on J. M. Smucker from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, March 2nd. William Blair reiterated a “market perform” rating on shares of J. M. Smucker in a report on Tuesday, March 1st. Citigroup reduced their price target on J. M. Smucker from $138.00 to $131.00 and set a “neutral” rating for the company in a report on Wednesday, March 2nd. Finally, UBS Group initiated coverage on shares of J. M. Smucker in a research report on Wednesday, March 30th. They set a “sell” rating and a $123.00 price objective for the company. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $132.77.

About J. M. Smucker (Get Rating)

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 offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking ingredient.

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

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