Texas Permanent School Fund lowered its position in J M Smucker Co (NYSE:SJM) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,009 shares of the company’s stock after selling 469 shares during the quarter. Texas Permanent School Fund’s holdings in J M Smucker were worth $3,853,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. State Street Corp lifted its position in shares of J M Smucker by 0.9% in the 2nd quarter. State Street Corp now owns 5,496,377 shares of the company’s stock worth $650,374,000 after acquiring an additional 49,959 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of J M Smucker by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,733,594 shares of the company’s stock worth $181,908,000 after acquiring an additional 27,182 shares during the period. Schroder Investment Management Group lifted its position in shares of J M Smucker by 4.4% in the 3rd quarter. Schroder Investment Management Group now owns 1,217,700 shares of the company’s stock worth $128,005,000 after acquiring an additional 50,960 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of J M Smucker by 68.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,067,032 shares of the company’s stock worth $111,964,000 after acquiring an additional 432,461 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of J M Smucker by 67.4% in the 3rd quarter. American Century Companies Inc. now owns 998,420 shares of the company’s stock worth $104,764,000 after acquiring an additional 402,167 shares during the period. Institutional investors own 75.51% of the company’s stock.

In related news, SVP Jeannette L. Knudsen sold 1,600 shares of the firm’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $124.36, for a total transaction of $198,976.00. Following the completion of the sale, the senior vice president now directly owns 23,452 shares of the company’s stock, valued at approximately $2,916,490.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David J. Lemmon sold 1,205 shares of the firm’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $124.54, for a total value of $150,070.70. The disclosure for this sale can be found here. Insiders have sold a total of 5,610 shares of company stock valued at $698,093 over the last ninety days. Insiders own 3.50% of the company’s stock.

Several equities analysts recently commented on SJM shares. Susquehanna Bancshares restated a “buy” rating and set a $151.00 target price on shares of J M Smucker in a research report on Friday, January 26th. Credit Suisse Group set a $120.00 target price on J M Smucker and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Wells Fargo & Co set a $128.00 target price on J M Smucker and gave the stock a “hold” rating in a research report on Thursday, January 4th. Stifel Nicolaus raised their target price on J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Finally, Morgan Stanley set a $112.00 target price on J M Smucker and gave the stock a “sell” rating in a research report on Friday, November 17th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $127.83.

J M Smucker Co (NYSE:SJM) opened at $126.89 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $14,400.00, a P/E ratio of 25.69, a P/E/G ratio of 2.21 and a beta of 0.66. J M Smucker Co has a 52-week low of $99.57 and a 52-week high of $143.68.

J M Smucker (NYSE:SJM) last posted its earnings results on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the company earned $2.05 EPS. J M Smucker’s revenue was up .5% on a year-over-year basis. analysts forecast that J M Smucker Co will post 7.8 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be issued a dividend of $0.78 per share. The ex-dividend date is Thursday, February 8th. This represents a $3.12 dividend on an annualized basis and a yield of 2.46%. J M Smucker’s dividend payout ratio is 63.16%.

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J M Smucker Company Profile

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 (NYSE:SJM)

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