Barings LLC held its position in J.M. Smucker Company (The) (NYSE:SJM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,196 shares of the company’s stock at the close of the second quarter. Barings LLC’s holdings in J.M. Smucker Company (The) were worth $2,778,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SJM. Sun Life Financial INC boosted its position in shares of J.M. Smucker Company (The) by 10,512.5% during the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock worth $100,000 after buying an additional 841 shares during the period. Harbour Capital Advisors LLC acquired a new position in shares of J.M. Smucker Company (The) during the first quarter worth about $126,000. Paradigm Asset Management Co. LLC boosted its position in shares of J.M. Smucker Company (The) by 4.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock worth $136,000 after buying an additional 50 shares during the period. BT Investment Management Ltd acquired a new position in shares of J.M. Smucker Company (The) during the second quarter worth about $204,000. Finally, Allegis Investment Advisors LLC acquired a new position in shares of J.M. Smucker Company (The) during the second quarter worth about $205,000. 73.35% of the stock is owned by institutional investors.

In related news, insider Richard K. Smucker purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were acquired at an average price of $105.40 per share, for a total transaction of $1,054,000.00. Following the purchase, the insider now owns 652,168 shares of the company’s stock, valued at approximately $68,738,507.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary A. Oatey purchased 1,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were bought at an average price of $107.30 per share, for a total transaction of $107,300.00. The disclosure for this purchase can be found here. Corporate insiders own 3.50% of the company’s stock.

Several brokerages recently commented on SJM. Morgan Stanley restated an “underweight” rating and issued a $114.00 price objective (down previously from $126.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, July 18th. Deutsche Bank AG restated a “hold” rating and issued a $131.00 price objective (down previously from $135.00) on shares of J.M. Smucker Company (The) in a research note on Thursday, July 13th. 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. Stephens lowered J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $165.00 to $125.00 in a research note on Wednesday, July 19th. Finally, BidaskClub upgraded J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $126.73.

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Shares of J.M. Smucker Company (NYSE SJM) traded down 0.39% during midday trading on Friday, hitting $105.19. The company’s stock had a trading volume of 81,894 shares. The stock’s 50 day moving average is $108.39 and its 200-day moving average is $120.79. J.M. Smucker Company has a 52-week low of $103.50 and a 52-week high of $143.68. The firm has a market cap of $11.95 billion, a P/E ratio of 22.09 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings data on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.10). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.81 billion. J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 EPS. Equities analysts predict that J.M. Smucker Company will post $7.74 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for J.M. Smucker Company (The) (NYSE:SJM)

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