Trust Co. of Vermont reduced its position in J.M. Smucker Company (The) (NYSE:SJM) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 1,379 shares of the company’s stock after selling 70 shares during the period. Trust Co. of Vermont’s holdings in J.M. Smucker Company (The) were worth $163,000 as of its most recent filing with the SEC.

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

J.M. Smucker Company (NYSE SJM) opened at 116.75 on Monday. J.M. Smucker Company has a one year low of $114.31 and a one year high of $157.31. The firm has a 50-day moving average of $125.86 and a 200 day moving average of $130.98. The stock has a market capitalization 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 quarterly earnings results on Thursday, June 8th. The company reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.08. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates 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 company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.19 earnings per share. On average, equities research analysts anticipate that J.M. Smucker Company will post $7.98 earnings per share for the current fiscal year.

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SJM has been the topic of a number of research reports. Citigroup Inc. cut their target price on shares of J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. Morgan Stanley cut shares of J.M. Smucker Company (The) from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $132.00 to $126.00 in a research report on Monday, April 10th. Hilliard Lyons raised shares of 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 report on Tuesday, July 11th. They noted that the move was a valuation call. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $132.00 price target (down from $135.00) on shares of J.M. Smucker Company (The) in a research report on Tuesday, April 25th. Finally, Credit Suisse Group reissued 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. Two research 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’s stock. J.M. Smucker Company (The) presently has an average rating of “Hold” and a consensus price target of $133.80.

In other J.M. Smucker Company (The) news, insider Steven Oakland sold 6,047 shares of the stock in a transaction dated 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 sale, the insider now directly owns 47,667 shares of the company’s stock, valued at $5,815,374. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sandra Pianalto purchased 250 shares of the firm’s stock in a transaction on Tuesday, June 27th. The shares were purchased at an average cost of $120.61 per share, with a total value of $30,152.50. Following the completion of the transaction, the director now owns 250 shares of the company’s stock, valued at approximately $30,152.50. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 16,030 shares of company stock valued at $1,948,195. 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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