Gardiner Nancy B boosted its stake in J.M. Smucker Company (The) (NYSE:SJM) by 83.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,792 shares of the company’s stock after buying an additional 3,092 shares during the period. J.M. Smucker Company (The) accounts for 2.1% of Gardiner Nancy B’s holdings, making the stock its 20th largest position. Gardiner Nancy B’s holdings in J.M. Smucker Company (The) were worth $890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbour Capital Advisors LLC bought a new position in J.M. Smucker Company (The) during the first quarter valued at approximately $126,000. Fenimore Asset Management Inc. bought a new position in J.M. Smucker Company (The) during the first quarter valued at approximately $200,000. Schnieders Capital Management LLC bought a new position in J.M. Smucker Company (The) during the first quarter valued at approximately $217,000. Advisory Services Network LLC bought a new position in J.M. Smucker Company (The) during the first quarter valued at approximately $221,000. Finally, HPM Partners LLC bought a new position in J.M. Smucker Company (The) during the first quarter valued at approximately $229,000. 75.03% of the stock is currently owned by institutional investors and hedge funds.

J.M. Smucker Company (NYSE SJM) traded up 0.30% during trading on Thursday, reaching $121.17. The company had a trading volume of 567,853 shares. J.M. Smucker Company has a 12-month low of $114.31 and a 12-month high of $157.31. The stock has a market cap of $13.74 billion, a P/E ratio of 23.71 and a beta of 0.62. The firm has a 50-day moving average price of $119.86 and a 200 day moving average price of $129.22.

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 for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.08. The company 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 firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 earnings per share. Equities research analysts predict that J.M. Smucker Company will post $7.97 EPS for the current fiscal year.

The business 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. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $3.12 annualized dividend and a yield of 2.57%. This is a positive change from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. J.M. Smucker Company (The)’s dividend payout ratio is presently 58.82%.

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Several research analysts have commented on the company. J P Morgan Chase & Co reissued an “overweight” rating and issued a $135.00 price objective (down from $137.00) on shares of J.M. Smucker Company (The) in a research report on Wednesday, June 28th. Deutsche Bank AG reissued a “hold” rating and issued a $131.00 price objective (down from $135.00) on shares of J.M. Smucker Company (The) in a research report on Thursday, July 13th. Morgan Stanley reissued an “underweight” rating and issued a $114.00 price objective (down from $126.00) on shares of J.M. Smucker Company (The) in a research report on Tuesday, July 18th. Susquehanna Bancshares Inc set a $141.00 price objective on J.M. Smucker Company (The) and gave the company a “hold” rating in a research report on Wednesday, June 7th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $126.00 price objective on shares of J.M. Smucker Company (The) in a research report on Thursday, June 1st. Two equities research 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. J.M. Smucker Company (The) presently has a consensus rating of “Hold” and an average target price of $132.82.

In related news, Director Sandra Pianalto purchased 250 shares of J.M. Smucker Company (The) stock in a transaction that occurred on Tuesday, June 27th. The stock was bought at an average price of $120.61 per share, for a total transaction of $30,152.50. Following the completion of the transaction, the director now owns 250 shares in the company, valued at $30,152.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jill R. Penrose sold 550 shares of the stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $120.09, for a total transaction of $66,049.50. Following the transaction, the senior vice president now 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 90 days, insiders have sold 16,030 shares of company stock valued at $1,948,195. 3.50% of the stock is 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.

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

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