Moody Lynn & Lieberson LLC lowered its position in J.M. Smucker Company (The) (NYSE:SJM) by 28.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,304 shares of the company’s stock after selling 3,342 shares during the period. Moody Lynn & Lieberson LLC’s holdings in J.M. Smucker Company (The) were worth $983,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of SJM. Thrivent Financial for Lutherans boosted its position in J.M. Smucker Company (The) by 5.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,331 shares of the company’s stock worth $555,000 after buying an additional 220 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of J.M. Smucker Company (The) during the fourth quarter valued at approximately $726,000. Perigon Wealth Management LLC acquired a new position in shares of J.M. Smucker Company (The) during the fourth quarter valued at approximately $281,000. Kentucky Retirement Systems acquired a new position in shares of J.M. Smucker Company (The) during the fourth quarter valued at approximately $1,082,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of J.M. Smucker Company (The) during the fourth quarter valued at approximately $483,000. 75.47% of the stock is owned by hedge funds and other institutional investors.
J.M. Smucker Company (NYSE SJM) traded down 0.37% on Tuesday, reaching $122.12. 21,848 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $119.86 and its 200 day moving average price is $129.22. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 23.95 and a beta of 0.62. J.M. Smucker Company has a 1-year low of $114.31 and a 1-year high of $157.31.
J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 8th. The company reported $1.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.08. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.77 billion. J.M. Smucker Company (The) had a net margin of 8.01% and a return on equity of 12.63%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 EPS. On average, analysts expect that J.M. Smucker Company will post $7.97 earnings per share for the current 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 issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.55%. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, August 9th. J.M. Smucker Company (The)’s dividend payout ratio is 58.82%.
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Several brokerages have commented on SJM. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $128.00 price target (down previously from $132.00) on shares of J.M. Smucker Company (The) in a research report on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “hold” rating and set a $130.00 price objective on shares of J.M. Smucker Company (The) in a research report on Wednesday, April 26th. Zacks Investment Research cut shares of J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a research report on Monday, May 8th. Deutsche Bank AG reaffirmed a “hold” rating and set a $131.00 price objective (down from $135.00) on shares of J.M. Smucker Company (The) in a research report on Thursday, July 13th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $126.00 price objective on shares of J.M. Smucker Company (The) in a research report on Thursday, June 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. J.M. Smucker Company (The) presently has a consensus rating of “Hold” and an average target price of $132.82.
In other J.M. Smucker Company (The) news, insider Steven Oakland sold 6,047 shares of the stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $122.00, for a total transaction of $737,734.00. Following the sale, the insider now directly owns 47,667 shares of the company’s stock, valued at $5,815,374. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Barry C. Dunaway sold 9,433 shares of the stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $121.32, for a total transaction of $1,144,411.56. Following the sale, the insider now directly owns 40,966 shares in the company, valued at $4,969,995.12. The disclosure for this sale can be found here. Insiders have sold 16,030 shares of company stock worth $1,948,195 over the last three months. 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.
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