Allegis Investment Advisors LLC Invests $205,000 in J.M. Smucker Company (The) (SJM)

Allegis Investment Advisors LLC bought a new position in J.M. Smucker Company (The) (NYSE:SJM) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 1,736 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors have also made changes to their positions in the company. Cleararc Capital Inc. increased its position in shares of 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 worth $373,000 after buying an additional 11 shares during the last quarter. Schmidt P J Investment Management Inc. increased 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 during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased 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 during the last quarter. Gateway Investment Advisers LLC increased 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 during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of J.M. Smucker Company (The) by 0.3% in the second quarter. CIBC Asset Management Inc now owns 12,171 shares of the company’s stock worth $1,440,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 75.09% of the company’s stock.

J.M. Smucker Company (NYSE:SJM) opened at 122.66 on Friday. The stock has a market cap of $13.91 billion, a P/E ratio of 24.05 and a beta of 0.62. The company has a 50-day moving average price of $119.46 and a 200 day moving average price of $128.30. J.M. Smucker Company has a 1-year low of $114.31 and a 1-year high of $156.23.

J.M. Smucker Company (The) (NYSE:SJM) last posted its earnings results on Thursday, June 8th. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The business 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 net margin of 8.01% and a return on equity of 12.63%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 EPS. Equities analysts expect that J.M. Smucker Company will post $7.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Wednesday, August 9th. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is currently 61.18%.

WARNING: This story was originally reported by [[site]] and is owned by of [[site]]. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at [[permalink]].

A number of brokerages have recently weighed in on SJM. J P Morgan Chase & Co restated an “overweight” rating and issued a $135.00 target price (down previously from $137.00) on shares of J.M. Smucker Company (The) in a research note on Wednesday, June 28th. Deutsche Bank AG restated a “hold” rating and issued a $131.00 target price (down previously from $135.00) on shares of J.M. Smucker Company (The) in a research note on Thursday, July 13th. Morgan Stanley restated an “underweight” rating and issued a $114.00 target price (down previously from $126.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, July 18th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $132.00 target price (down previously from $135.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, April 25th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $126.00 price objective on shares of J.M. Smucker Company (The) in a research note on Thursday, June 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $132.82.

In other J.M. Smucker Company (The) news, Director Sandra Pianalto purchased 250 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were acquired at an average price of $120.61 per share, for a total transaction of $30,152.50. Following the purchase, the director now directly owns 250 shares of the company’s stock, valued at approximately $30,152.50. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Steven Oakland sold 6,047 shares of J.M. Smucker Company (The) stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $122.00, for a total transaction of $737,734.00. Following the transaction, the insider now owns 47,667 shares in the company, valued at approximately $5,815,374. The disclosure for this sale can be found here. Insiders have sold a total of 16,030 shares of company stock worth $1,948,195 in the last quarter. Corporate 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.

Want to see what other hedge funds are holding SJM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J.M. Smucker Company (The) (NYSE:SJM).