National Planning Corp lowered its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,538 shares of the company’s stock after selling 22 shares during the period. National Planning Corp’s holdings in J.M. Smucker Company (The) were worth $300,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Macquarie Group Ltd. boosted its stake 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 valued at $8,495,000 after buying an additional 23,464 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake 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 valued at $4,692,000 after buying an additional 940 shares in the last quarter. National Pension Service boosted its stake 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 valued at $13,055,000 after buying an additional 4,936 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of J.M. Smucker Company (The) by 16.6% in the first quarter. Bank of Montreal Can now owns 99,437 shares of the company’s stock valued at $13,034,000 after buying an additional 14,125 shares in the last quarter. Finally, Americafirst Capital Management LLC boosted its stake in shares of J.M. Smucker Company (The) by 51.9% in the first quarter. Americafirst Capital Management LLC now owns 2,611 shares of the company’s stock valued at $342,000 after buying an additional 892 shares in the last quarter. 75.09% of the stock is owned by institutional investors.

J.M. Smucker Company (NYSE SJM) opened at 123.01 on Tuesday. J.M. Smucker Company has a 52-week low of $114.31 and a 52-week high of $156.23. The firm has a 50-day moving average of $119.27 and a 200-day moving average of $128.47. The stock has a market capitalization of $13.95 billion, a PE ratio of 24.12 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings results on Thursday, June 8th. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.08. The business had revenue of $1.78 billion for 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%. J.M. Smucker Company (The)’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS. On average, equities analysts expect that J.M. Smucker Company will post $7.97 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This is a positive change 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 2.54%. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is presently 61.18%.

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Several analysts have recently issued reports on SJM shares. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $132.00 price objective (down from $135.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “hold” rating and set a $130.00 price target on shares of J.M. Smucker Company (The) in a research report on Wednesday, April 26th. Zacks Investment Research cut shares of J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a research report on Monday, May 8th. Citigroup Inc. decreased their price target on shares of J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, May 9th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $126.00 price target (down from $138.00) on shares of J.M. Smucker Company (The) in a research report on Friday, May 19th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $132.82.

In related news, SVP Jill R. Penrose sold 550 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $120.09, for a total value of $66,049.50. Following the transaction, the senior vice president now directly owns 13,475 shares in the company, valued at approximately $1,618,212.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $737,734.00. Following the completion of the transaction, the insider now owns 47,667 shares in the company, valued at $5,815,374. The disclosure for this sale can be found here. Insiders sold a total of 16,030 shares of company stock worth $1,948,195 over the last quarter. 3.50% of the stock is currently owned by company 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.

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

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