Moody Lynn & Lieberson LLC Sells 4,265 Shares of J.M. Smucker Company (The) (SJM)

Moody Lynn & Lieberson LLC reduced its holdings in shares of J.M. Smucker Company (The) (NYSE:SJM) by 51.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,039 shares of the company’s stock after selling 4,265 shares during the period. Moody Lynn & Lieberson LLC’s holdings in J.M. Smucker Company (The) were worth $424,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of J.M. Smucker Company (The) by 7.6% during the 2nd quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock valued at $965,814,000 after acquiring an additional 578,984 shares in the last quarter. Dai Ichi Life Insurance Company Ltd boosted its position in shares of J.M. Smucker Company (The) by 7.8% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 20,669 shares of the company’s stock valued at $2,446,000 after acquiring an additional 1,500 shares in the last quarter. Koch Industries Inc. acquired a new stake in shares of J.M. Smucker Company (The) during the 2nd quarter valued at about $495,000. Aviva PLC boosted its position in shares of J.M. Smucker Company (The) by 1.3% during the 2nd quarter. Aviva PLC now owns 70,815 shares of the company’s stock valued at $8,380,000 after acquiring an additional 910 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of J.M. Smucker Company (The) by 2.6% during the 2nd quarter. Swiss National Bank now owns 534,399 shares of the company’s stock valued at $63,235,000 after acquiring an additional 13,300 shares in the last quarter. Institutional investors and hedge funds own 73.29% of the company’s stock.

In related news, insider Richard K. Smucker bought 10,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was bought at an average cost of $105.40 per share, with a total value of $1,054,000.00. Following the completion of the purchase, the insider now owns 652,168 shares in the company, valued at approximately $68,738,507.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gary A. Oatey bought 1,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was bought at an average cost of $107.30 per share, with a total value of $107,300.00. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.

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Shares of J.M. Smucker Company (NYSE SJM) traded up $2.37 during midday trading on Tuesday, hitting $106.49. 1,515,300 shares of the company’s stock were exchanged, compared to its average volume of 1,101,375. J.M. Smucker Company has a one year low of $99.57 and a one year high of $143.68. The company has a market capitalization of $11,826.43, a P/E ratio of 14.15, a PEG ratio of 2.04 and a beta of 0.62. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.41 and a current ratio of 0.97.

J.M. Smucker Company (The) (NYSE:SJM) last announced its earnings results on Thursday, August 24th. The company reported $1.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.10). J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. research analysts expect that J.M. Smucker Company will post 7.75 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, November 9th. J.M. Smucker Company (The)’s dividend payout ratio is presently 65.55%.

A number of equities analysts have commented on SJM shares. Morgan Stanley restated an “underweight” rating and issued a $114.00 price target (down from $126.00) on shares of J.M. Smucker Company (The) in a research report on Tuesday, July 18th. Stephens lowered shares of J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $165.00 to $125.00 in a research report on Wednesday, July 19th. Jefferies Group LLC upgraded shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and boosted their price target for the company from $130.00 to $140.00 in a research report on Friday, July 28th. BidaskClub upgraded shares of J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, Susquehanna Bancshares Inc set a $131.00 price target on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a research report on Wednesday, August 23rd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $125.27.

About J.M. Smucker Company (The)

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

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

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