B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund increased its stake in J.M. Smucker Company (The) (NYSE:SJM) by 26.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,457 shares of the company’s stock after buying an additional 2,400 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in J.M. Smucker Company (The) were worth $1,356,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of SJM. Boston Advisors LLC raised its stake in J.M. Smucker Company (The) by 2.9% in the first quarter. Boston Advisors LLC now owns 2,172 shares of the company’s stock valued at $285,000 after buying an additional 62 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in J.M. Smucker Company (The) by 2.7% in the first quarter. Nisa Investment Advisors LLC now owns 17,496 shares of the company’s stock valued at $2,293,000 after buying an additional 455 shares in the last quarter. Retirement Systems of Alabama raised its stake in J.M. Smucker Company (The) by 2.0% in the first quarter. Retirement Systems of Alabama now owns 56,277 shares of the company’s stock valued at $7,377,000 after buying an additional 1,090 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in J.M. Smucker Company (The) by 1.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,105 shares of the company’s stock valued at $381,000 after buying an additional 37 shares in the last quarter. Finally, Duncker Streett & Co. Inc. raised its stake in J.M. Smucker Company (The) by 3.5% in the first quarter. Duncker Streett & Co. Inc. now owns 4,411 shares of the company’s stock valued at $578,000 after buying an additional 150 shares in the last quarter. Institutional investors own 75.09% of the company’s stock.

J.M. Smucker Company (NYSE SJM) opened at 105.15 on Friday. J.M. Smucker Company has a 52-week low of $105.04 and a 52-week high of $143.68. The firm has a 50-day moving average of $119.18 and a 200-day moving average of $127.41. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 20.62 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last announced its quarterly earnings results on Thursday, August 24th. The company reported $1.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by $0.10. J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company earned $1.86 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts forecast that J.M. Smucker Company will post $7.86 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a dividend of $0.78 per share. The ex-dividend date is Wednesday, August 9th. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 annualized dividend and a dividend yield of 2.97%. J.M. Smucker Company (The)’s dividend payout ratio is currently 65.55%.

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Several analysts have issued reports on SJM shares. Zacks Investment Research lowered 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 on the stock in a research report on Tuesday, May 9th. Credit Suisse Group restated a “neutral” rating and issued 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. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $128.00 target price (down from $132.00) on shares of J.M. Smucker Company (The) in a research report on Wednesday, May 31st. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $135.00 target price (down from $137.00) on shares of J.M. Smucker Company (The) in a research report on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $126.73.

In related news, SVP Jill R. Penrose sold 550 shares of the company’s stock in a transaction that occurred 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 $1,618,212.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sandra Pianalto acquired 250 shares of the firm’s 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 of the company’s stock, valued at approximately $30,152.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 16,030 shares of company stock worth $1,948,195. 3.50% of the stock is owned by company 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.

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

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