Gratus Capital LLC held its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,957 shares of the company’s stock at the end of the second quarter. Gratus Capital LLC’s holdings in J.M. Smucker Company (The) were worth $350,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SJM. Harbour Capital Advisors LLC bought a new stake in shares of J.M. Smucker Company (The) during the first quarter worth $126,000. Paradigm Asset Management Co. LLC boosted its position in J.M. Smucker Company (The) by 4.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after buying an additional 50 shares in the last quarter. Allegis Investment Advisors LLC acquired a new position in J.M. Smucker Company (The) during the second quarter valued at $205,000. First National Trust Co. acquired a new position in J.M. Smucker Company (The) during the second quarter valued at $215,000. Finally, Schnieders Capital Management LLC acquired a new position in J.M. Smucker Company (The) during the first quarter valued at $217,000. 73.54% of the stock is owned by institutional investors.

Shares of J.M. Smucker Company (SJM) opened at 104.24 on Thursday. J.M. Smucker Company has a 52-week low of $103.50 and a 52-week high of $143.68. The company has a 50 day moving average of $119.18 and a 200-day moving average of $127.41. The company has a market cap of $11.83 billion, a PE ratio of 21.90 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings results on Thursday, August 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by $0.10. J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the business earned $1.86 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. Analysts forecast that J.M. Smucker Company will post $7.74 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be given a dividend of $0.78 per share. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Wednesday, August 9th. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is 65.55%.

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Several brokerages recently issued reports on SJM. Morgan Stanley restated a “sell” rating and set a $108.00 price target (down from $114.00) on shares of J.M. Smucker Company (The) in a research note on Friday, August 25th. Zacks Investment Research upgraded J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered J.M. Smucker Company (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Credit Suisse Group restated a “neutral” rating and set a $120.00 price target (down from $126.00) on shares of J.M. Smucker Company (The) in a research note on Monday, July 3rd. They noted that the move was a valuation call. Finally, Jefferies Group LLC upgraded J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and boosted their price target for the company from $130.00 to $140.00 in a research note on Friday, July 28th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $126.73.

In other news, insider Richard K. Smucker bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was acquired at an average cost of $105.40 per share, with a total value of $1,054,000.00. Following the completion of the acquisition, the insider now owns 652,168 shares of the company’s stock, valued at $68,738,507.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven Oakland sold 6,047 shares of J.M. Smucker Company (The) stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $122.00, for a total transaction of $737,734.00. Following the completion of 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 have sold 16,030 shares of company stock valued at $1,948,195. 3.50% of the stock is currently owned by corporate insiders.

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.

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

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