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The J. M. Smucker Company $SJM Stock Holdings Cut by LSV Asset Management
LSV Asset Management significantly reduced its stake in The J. M. Smucker Company (NYSE:SJM) by 41.8% in the third quarter, selling 582,370 shares. Despite this, institutional investors collectively own 81.66% of the company’s stock. The company recently reported quarterly earnings, missing consensus estimates by a small margin, and declared a quarterly dividend of $1.10 per share.