The J.M. Smucker Company (SJM) Position Lowered by Coho Partners Ltd.

Coho Partners Ltd. decreased its position in shares of The J.M. Smucker Company (NYSE:SJM) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,396,557 shares of the company’s stock after selling 33,583 shares during the quarter. The J.M. Smucker accounts for approximately 4.6% of Coho Partners Ltd.’s investment portfolio, making the stock its 3rd largest holding. Coho Partners Ltd. owned 1.23% of The J.M. Smucker worth $173,187,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Korea Investment CORP lifted its holdings in The J.M. Smucker by 25.7% in the first quarter. Korea Investment CORP now owns 54,668 shares of the company’s stock valued at $6,779,000 after acquiring an additional 11,187 shares during the period. Teacher Retirement System of Texas lifted its holdings in The J.M. Smucker by 25.8% in the first quarter. Teacher Retirement System of Texas now owns 39,575 shares of the company’s stock valued at $4,908,000 after acquiring an additional 8,128 shares during the period. Douglass Winthrop Advisors LLC lifted its holdings in The J.M. Smucker by 182.6% in the first quarter. Douglass Winthrop Advisors LLC now owns 66,070 shares of the company’s stock valued at $8,193,000 after acquiring an additional 42,691 shares during the period. US Bancorp DE lifted its holdings in The J.M. Smucker by 1.9% in the first quarter. US Bancorp DE now owns 101,553 shares of the company’s stock valued at $12,594,000 after acquiring an additional 1,848 shares during the period. Finally, Signaturefd LLC acquired a new position in The J.M. Smucker in the first quarter valued at approximately $106,000. 79.84% of the stock is owned by hedge funds and other institutional investors.

Shares of SJM opened at $111.32 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.48 and a quick ratio of 0.64. The J.M. Smucker Company has a one year low of $110.96 and a one year high of $111.71. The company has a market cap of $12.61 billion, a P/E ratio of 14.42, a PEG ratio of 1.42 and a beta of 0.62.

The J.M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Friday, February 16th. The company reported $2.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.34. The J.M. Smucker had a return on equity of 12.46% and a net margin of 17.16%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the business earned $2.00 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. equities analysts predict that The J.M. Smucker Company will post 8.25 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, May 10th. The J.M. Smucker’s payout ratio is 40.41%.

A number of research analysts have issued reports on SJM shares. ValuEngine downgraded The J.M. Smucker from a “hold” rating to a “sell” rating in a report on Thursday, May 3rd. Barclays restated an “equal weight” rating and issued a $125.00 price objective (up from $120.00) on shares of The J.M. Smucker in a research report on Tuesday, February 20th. Susquehanna Bancshares restated a “buy” rating and issued a $151.00 price objective on shares of The J.M. Smucker in a research report on Friday, January 26th. Stephens boosted their price objective on The J.M. Smucker from $125.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, April 6th. Finally, Zacks Investment Research upgraded The J.M. Smucker from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research report on Tuesday, February 20th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $130.69.

About The J.M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates through U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. The company primarily offers coffee, pet food products, 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.

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

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