Sei Investments Co. boosted its position in J.M. Smucker Company (The) (NYSE:SJM) by 31.2% during the second quarter, Holdings Channel reports. The fund owned 79,131 shares of the company’s stock after buying an additional 18,836 shares during the period. Sei Investments Co.’s holdings in J.M. Smucker Company (The) were worth $9,362,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in SJM. Macquarie Group Ltd. raised its position in shares of J.M. Smucker Company (The) by 54.7% in the fourth quarter. Macquarie Group Ltd. now owns 66,340 shares of the company’s stock worth $8,495,000 after buying an additional 23,464 shares during the last quarter. Creative Planning raised its position in shares of J.M. Smucker Company (The) by 12.9% in the first quarter. Creative Planning now owns 10,968 shares of the company’s stock worth $1,438,000 after buying an additional 1,250 shares during the last quarter. Gulf International Bank UK Ltd raised its position in shares of J.M. Smucker Company (The) by 2.7% in the first quarter. Gulf International Bank UK Ltd now owns 35,796 shares of the company’s stock worth $4,692,000 after buying an additional 940 shares during the last quarter. National Pension Service raised its position in shares of J.M. Smucker Company (The) by 5.2% in the first quarter. National Pension Service now owns 99,457 shares of the company’s stock worth $13,055,000 after buying an additional 4,936 shares during the last quarter. Finally, Murphy Capital Management Inc. raised its position in shares of J.M. Smucker Company (The) by 10.5% in the first quarter. Murphy Capital Management Inc. now owns 2,100 shares of the company’s stock worth $275,000 after buying an additional 200 shares during the last quarter. Institutional investors own 75.47% of the company’s stock.

Shares of J.M. Smucker Company (NYSE SJM) opened at 122.28 on Friday. The stock has a market capitalization of $13.87 billion, a price-to-earnings ratio of 23.98 and a beta of 0.62. The firm’s 50-day moving average is $119.21 and its 200-day moving average is $128.65. J.M. Smucker Company has a 52 week low of $114.31 and a 52 week high of $156.23.

J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings results on Thursday, June 8th. The company reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.08. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company posted $1.19 earnings per share. Analysts forecast that J.M. Smucker Company will post $7.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. 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. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is currently 61.18%.

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A number of equities analysts recently weighed in on SJM shares. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $132.00 price objective (down from $135.00) on shares of J.M. Smucker Company (The) in a report on Tuesday, April 25th. Jefferies Group LLC restated a “hold” rating and issued a $130.00 price objective on shares of J.M. Smucker Company (The) in a report on Wednesday, April 26th. Zacks Investment Research lowered shares of J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a report on Monday, May 8th. Citigroup Inc. decreased their price objective on shares of J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, May 9th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $126.00 price objective (down from $138.00) on shares of J.M. Smucker Company (The) in a report on Friday, May 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average 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 firm’s stock in a transaction 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 completion of the transaction, the insider now owns 47,667 shares of the company’s stock, valued at $5,815,374. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jill R. Penrose sold 550 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $120.09, for a total transaction of $66,049.50. Following the completion of the transaction, the senior vice president now directly owns 13,475 shares of the company’s stock, valued at approximately $1,618,212.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,030 shares of company stock valued at $1,948,195. Corporate insiders own 3.50% of the company’s stock.

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

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