BTIM Corp. bought a new stake in shares of J.M. Smucker Company (The) (NYSE:SJM) during the second quarter, according to its most recent filing with the SEC. The firm bought 2,156 shares of the company’s stock, valued at approximately $255,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Cleararc Capital Inc. boosted its position in J.M. Smucker Company (The) by 0.4% in the first quarter. Cleararc Capital Inc. now owns 2,849 shares of the company’s stock valued at $373,000 after buying an additional 11 shares during the last quarter. Schmidt P J Investment Management Inc. boosted its position in shares of J.M. Smucker Company (The) by 0.5% in the first quarter. Schmidt P J Investment Management Inc. now owns 2,411 shares of the company’s stock worth $316,000 after buying an additional 13 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. boosted its position in shares of J.M. Smucker Company (The) by 0.5% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 5,078 shares of the company’s stock worth $666,000 after buying an additional 26 shares in the last quarter. Gateway Investment Advisers LLC boosted its position in shares of J.M. Smucker Company (The) by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 7,168 shares of the company’s stock worth $848,000 after buying an additional 26 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of J.M. Smucker Company (The) by 1.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,105 shares of the company’s stock worth $381,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 75.03% of the company’s stock.
Shares of J.M. Smucker Company (SJM) traded up 0.12% during midday trading on Friday, reaching $121.31. 298,258 shares of the company’s stock were exchanged. The stock has a market cap of $13.76 billion, a PE ratio of 23.79 and a beta of 0.62. The company’s 50 day moving average is $119.86 and its 200-day moving average is $129.22. J.M. Smucker Company has a 12 month low of $114.31 and a 12 month high of $157.31.
J.M. Smucker Company (The) (NYSE:SJM) last issued its earnings results on Thursday, June 8th. The company reported $1.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.08. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.77 billion. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.19 earnings per share. Equities analysts forecast that J.M. Smucker Company will post $7.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a dividend of $0.78 per share. This is an increase from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $3.12 annualized dividend and a yield of 2.57%. J.M. Smucker Company (The)’s payout ratio is presently 58.82%.
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A number of equities analysts have recently issued reports on SJM shares. Zacks Investment Research cut shares of J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, May 8th. Credit Suisse Group restated a “neutral” rating and issued a $126.00 price objective (down previously from $138.00) on shares of J.M. Smucker Company (The) in a research note on Friday, May 19th. J P Morgan Chase & Co restated an “overweight” rating and issued a $135.00 price objective (down previously from $137.00) on shares of J.M. Smucker Company (The) in a research note on Wednesday, June 28th. Morgan Stanley cut shares of J.M. Smucker Company (The) from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $132.00 to $126.00 in a research report on Monday, April 10th. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $132.00 target price (down previously from $135.00) on shares of J.M. Smucker Company (The) in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. J.M. Smucker Company (The) presently has a consensus rating of “Hold” and a consensus target price of $132.82.
In other news, Director Sandra Pianalto purchased 250 shares of J.M. Smucker Company (The) stock in a transaction dated Tuesday, June 27th. The shares were bought at an average cost of $120.61 per share, for a total transaction of $30,152.50. Following the completion of the acquisition, the director now owns 250 shares in the company, valued at approximately $30,152.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jill R. Penrose sold 550 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $120.09, for a total value of $66,049.50. Following the sale, the senior vice president now owns 13,475 shares in the company, valued at $1,618,212.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,030 shares of company stock valued at $1,948,195. Insiders own 3.50% of the company’s stock.
J.M. Smucker Company (The) 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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