J.M. Smucker Company (The) (NYSE:SJM) is Sigma Investment Management Co’s 6th Largest Position

Sigma Investment Management Co continued to hold its position in J.M. Smucker Company (The) (NYSE:SJM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,118 shares of the company’s stock at the end of the second quarter. J.M. Smucker Company (The) accounts for about 1.8% of Sigma Investment Management Co’s investment portfolio, making the stock its 6th largest position. Sigma Investment Management Co’s holdings in J.M. Smucker Company (The) were worth $2,144,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. Eqis Capital Management Inc. raised its stake in J.M. Smucker Company (The) by 19.9% in the second quarter. Eqis Capital Management Inc. now owns 8,958 shares of the company’s stock worth $1,060,000 after buying an additional 1,485 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in J.M. Smucker Company (The) by 508.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 18,904 shares of the company’s stock worth $2,237,000 after buying an additional 15,799 shares in the last quarter. Texan Capital Management raised its stake in J.M. Smucker Company (The) by 3.9% in the second quarter. Texan Capital Management now owns 11,820 shares of the company’s stock worth $1,399,000 after buying an additional 441 shares in the last quarter. Somerset Trust Co raised its stake in J.M. Smucker Company (The) by 2.8% in the second quarter. Somerset Trust Co now owns 11,132 shares of the company’s stock worth $1,317,000 after buying an additional 308 shares in the last quarter. Finally, National Pension Service raised its stake in J.M. Smucker Company (The) by 10.0% in the second quarter. National Pension Service now owns 109,410 shares of the company’s stock worth $12,913,000 after buying an additional 9,953 shares in the last quarter. 75.47% of the stock is currently owned by hedge funds and other institutional investors.

J.M. Smucker Company (SJM) traded up 0.91% on Monday, reaching $122.57. The company had a trading volume of 668,384 shares. J.M. Smucker Company has a 12 month low of $114.31 and a 12 month high of $157.31. The firm has a market capitalization of $13.90 billion, a PE ratio of 24.03 and a beta of 0.62. The stock has a 50 day moving average of $119.86 and a 200 day moving average of $129.22.

J.M. Smucker Company (The) (NYSE:SJM) last announced its quarterly earnings data on Thursday, June 8th. The company reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.08. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.77 billion. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. J.M. Smucker Company (The)’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 earnings per share. On average, analysts anticipate that J.M. Smucker Company will post $7.97 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a $0.78 dividend. This is a positive change from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, August 9th. J.M. Smucker Company (The)’s payout ratio is currently 58.82%.

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A number of equities research analysts have issued reports on the company. Susquehanna Bancshares Inc set a $141.00 price target on J.M. Smucker Company (The) and gave the company a “hold” rating in a research report on Wednesday, June 7th. Zacks Investment Research raised J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Morgan Stanley lowered J.M. Smucker Company (The) from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $132.00 to $126.00 in a research report on Monday, April 10th. Credit Suisse Group reaffirmed a “hold” rating and issued a $126.00 price target on shares of J.M. Smucker Company (The) in a research report on Thursday, June 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $130.00 price target on shares of J.M. Smucker Company (The) in a research report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $132.82.

In related news, Director Sandra Pianalto bought 250 shares of the stock in a transaction dated Tuesday, June 27th. The stock was bought at an average cost of $120.61 per share, with a total value of $30,152.50. Following the completion of the acquisition, the director now owns 250 shares of the company’s stock, valued at $30,152.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Steven Oakland sold 6,047 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $122.00, for a total value of $737,734.00. Following the transaction, the insider now directly owns 47,667 shares of the company’s stock, valued at $5,815,374. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,030 shares of company stock valued at $1,948,195. 3.50% of the stock is owned by corporate insiders.

About J.M. Smucker Company (The)

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.