Livforsakringsbolaget Skandia Omsesidigt held its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) during the second quarter, Holdings Channel reports. The fund owned 2,213 shares of the company’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in J.M. Smucker Company (The) were worth $262,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Harbour Capital Advisors LLC bought a new stake in shares of J.M. Smucker Company (The) during the first quarter valued at $126,000. Fenimore Asset Management Inc. bought a new stake in shares of J.M. Smucker Company (The) during the first quarter valued at $200,000. Schnieders Capital Management LLC bought a new stake in shares of J.M. Smucker Company (The) during the first quarter valued at $217,000. Advisory Services Network LLC bought a new stake in shares of J.M. Smucker Company (The) during the first quarter valued at $221,000. Finally, HPM Partners LLC bought a new stake in shares of J.M. Smucker Company (The) during the first quarter valued at $229,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

J.M. Smucker Company (NYSE:SJM) opened at 116.75 on Monday. The stock has a 50 day moving average price of $125.86 and a 200 day moving average price of $130.98. J.M. Smucker Company has a 1-year low of $114.31 and a 1-year high of $157.31. The company has a market cap of $13.24 billion, a PE ratio of 22.89 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last released its earnings results on Thursday, June 8th. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The company 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 return on equity of 12.63% and a net margin of 8.01%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.19 earnings per share. Equities analysts forecast that J.M. Smucker Company will post $7.98 earnings per share for the current year.

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Several brokerages have weighed in on SJM. Deutsche Bank AG reaffirmed a “hold” rating and issued a $131.00 target price (down from $135.00) on shares of J.M. Smucker Company (The) in a research report on Thursday. Hilliard Lyons raised J.M. Smucker Company (The) from a “neutral” rating to a “long-term buy” rating and set a $140.00 price target for the company in a research note on Tuesday, July 11th. They noted that the move was a valuation call. J P Morgan Chase & Co reissued an “overweight” rating and issued a $135.00 price target (down previously from $137.00) on shares of J.M. Smucker Company (The) in a research note on Wednesday, June 28th. Jefferies Group LLC reissued a “hold” rating and issued a $130.00 price target on shares of J.M. Smucker Company (The) in a research note on Wednesday, April 26th. Finally, Susquehanna Bancshares Inc set a $141.00 price target on J.M. Smucker Company (The) and gave the stock a “hold” rating in a research note on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $133.80.

In other news, insider Barry C. Dunaway sold 9,433 shares of the business’s 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 completion of the sale, the insider now owns 40,966 shares in the company, valued at $4,969,995.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Steven Oakland sold 6,047 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $122.00, for a total value of $737,734.00. Following the sale, the insider now owns 47,667 shares of the company’s stock, valued at approximately $5,815,374. The disclosure for this sale can be found here. In the last 90 days, 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.

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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