TD Asset Management Inc. lowered its position in J M Smucker Co (NYSE:SJM) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,965 shares of the company’s stock after selling 743 shares during the quarter. TD Asset Management Inc.’s holdings in J M Smucker were worth $3,912,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SJM. Guinness Asset Management Ltd raised its holdings in J M Smucker by 52.7% during the second quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares in the last quarter. First National Trust Co raised its holdings in J M Smucker by 2.8% during the first quarter. First National Trust Co now owns 3,539 shares of the company’s stock worth $413,000 after purchasing an additional 98 shares in the last quarter. Foster Dykema Cabot & Co. Inc. MA raised its holdings in J M Smucker by 1.7% during the first quarter. Foster Dykema Cabot & Co. Inc. MA now owns 5,903 shares of the company’s stock worth $688,000 after purchasing an additional 100 shares in the last quarter. Private Capital Group LLC raised its holdings in J M Smucker by 19.6% during the first quarter. Private Capital Group LLC now owns 634 shares of the company’s stock worth $74,000 after purchasing an additional 104 shares in the last quarter. Finally, Avestar Capital LLC raised its holdings in J M Smucker by 5.3% during the first quarter. Avestar Capital LLC now owns 2,073 shares of the company’s stock worth $221,000 after purchasing an additional 105 shares in the last quarter. Institutional investors own 78.01% of the company’s stock.

Shares of J M Smucker stock opened at $113.34 on Thursday. The firm’s fifty day simple moving average is $114.39 and its 200-day simple moving average is $115.57. The stock has a market capitalization of $13.26 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 3.39 and a beta of 0.42. J M Smucker Co has a 12 month low of $91.32 and a 12 month high of $128.43. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.31.

J M Smucker (NYSE:SJM) last announced its earnings results on Thursday, June 6th. The company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.11. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. J M Smucker had a net margin of 6.56% and a return on equity of 11.80%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.93 EPS. Analysts anticipate that J M Smucker Co will post 8.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.11%. This is a boost from J M Smucker’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Thursday, August 15th. J M Smucker’s payout ratio is presently 42.46%.

A number of research firms have weighed in on SJM. Credit Suisse Group cut their price objective on shares of J M Smucker from $120.00 to $114.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Morgan Stanley raised their price objective on shares of J M Smucker from $117.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, June 7th. Bank of America reissued a “neutral” rating and set a $107.00 price objective on shares of J M Smucker in a report on Friday, May 17th. Wells Fargo & Co lifted their target price on shares of J M Smucker from $110.00 to $114.00 and gave the company a “market perform” rating in a report on Friday, June 7th. Finally, ValuEngine cut shares of J M Smucker from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $115.44.

In other J M Smucker news, insider Mark R. Belgya sold 750 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $113.28, for a total value of $84,960.00. Following the transaction, the insider now directly owns 54,942 shares of the company’s stock, valued at approximately $6,223,829.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark T. Smucker sold 2,200 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $113.28, for a total transaction of $249,216.00. Following the completion of the transaction, the chief executive officer now directly owns 140,975 shares in the company, valued at $15,969,648. The disclosure for this sale can be found here. Insiders sold a total of 3,269 shares of company stock worth $372,201 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

J M Smucker Company Profile

The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.

Read More: How to Invest in Marijuana Stocks

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

Receive News & Ratings for J M Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J M Smucker and related companies with MarketBeat.com's FREE daily email newsletter.