The J. M. Smucker Company $SJM Shares Sold by Vanguard Group Inc.

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Vanguard Group Inc. reduced its stake in The J. M. Smucker Company (NYSE:SJM) by 3.1% in the third quarter, selling 404,190 shares but still owning over 12 million shares worth approximately $1.36 billion. Other institutional investors like Tobam, Fifth Third Bancorp, and JPMorgan Chase & Co. have adjusted their positions, with 81.66% of the stock owned by hedge funds and institutions. The company recently reported quarterly earnings that missed analyst estimates and announced a quarterly dividend of $1.10 per share.

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