Paradigm Asset Management Co. LLC increased its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,150 shares of the company’s stock after buying an additional 50 shares during the period. Paradigm Asset Management Co. LLC’s holdings in J.M. Smucker Company (The) were worth $136,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Stanley Laman Group Ltd. raised its stake in shares of J.M. Smucker Company (The) by 40.7% in the second quarter. Stanley Laman Group Ltd. now owns 7,214 shares of the company’s stock valued at $854,000 after buying an additional 2,088 shares during the period. RFG Advisory Group LLC acquired a new position in J.M. Smucker Company (The) during the second quarter worth $369,000. Thompson Investment Management Inc. raised its position in J.M. Smucker Company (The) by 2.7% in the second quarter. Thompson Investment Management Inc. now owns 26,578 shares of the company’s stock worth $3,145,000 after buying an additional 705 shares during the last quarter. Aviva PLC raised its position in J.M. Smucker Company (The) by 1.3% in the second quarter. Aviva PLC now owns 70,815 shares of the company’s stock worth $8,380,000 after buying an additional 910 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in J.M. Smucker Company (The) by 17.2% in the second quarter. Victory Capital Management Inc. now owns 15,602 shares of the company’s stock worth $1,846,000 after buying an additional 2,295 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

J.M. Smucker Company (SJM) opened at 104.70 on Wednesday. The firm has a 50-day moving average of $119.18 and a 200 day moving average of $127.41. J.M. Smucker Company has a 12-month low of $104.59 and a 12-month high of $143.68. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 22.00 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last issued its earnings results on Thursday, August 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by $0.10. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.81 billion. J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. J.M. Smucker Company (The)’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. On average, equities analysts predict that J.M. Smucker Company will post $7.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a $0.78 dividend. This is an increase from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. The ex-dividend date is Wednesday, August 9th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.98%. J.M. Smucker Company (The)’s dividend payout ratio is currently 65.55%.

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A number of equities analysts recently weighed in on SJM shares. Citigroup Inc. lowered 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. Stephens lowered shares of J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $165.00 to $125.00 in a research report on Wednesday, July 19th. Morgan Stanley restated an “underweight” rating and set a $114.00 price target (down from $126.00) on shares of J.M. Smucker Company (The) in a research report on Tuesday, July 18th. Hilliard Lyons upgraded shares of J.M. Smucker Company (The) from a “neutral” rating to a “long-term buy” rating and set a $140.00 price target on the stock in a research report on Tuesday, July 11th. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Four analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $126.73.

In other news, SVP Jill R. Penrose sold 550 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $120.09, for a total value of $66,049.50. Following the transaction, the senior vice president now owns 13,475 shares in the company, valued at approximately $1,618,212.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Barry C. Dunaway sold 9,433 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $121.32, for a total value of $1,144,411.56. Following the completion of the transaction, the insider now owns 40,966 shares in the company, valued at approximately $4,969,995.12. The disclosure for this sale can be found here. Insiders sold a total of 16,030 shares of company stock worth $1,948,195 in the last quarter. 3.50% of the stock is 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.

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

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