Seizert Capital Partners LLC raised its position in J.M. Smucker Company (The) (NYSE:SJM) by 12.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 439,306 shares of the company’s stock after buying an additional 50,366 shares during the period. J.M. Smucker Company (The) accounts for about 1.9% of Seizert Capital Partners LLC’s investment portfolio, making the stock its 14th largest position. Seizert Capital Partners LLC owned 0.39% of J.M. Smucker Company (The) worth $51,983,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SJM. BlackRock Inc. boosted its position in J.M. Smucker Company (The) by 2,899.4% in the first quarter. BlackRock Inc. now owns 7,583,056 shares of the company’s stock valued at $993,987,000 after buying an additional 7,330,233 shares in the last quarter. FMR LLC boosted its position in J.M. Smucker Company (The) by 49.4% in the first quarter. FMR LLC now owns 2,009,137 shares of the company’s stock valued at $263,357,000 after buying an additional 664,514 shares in the last quarter. Vanguard Group Inc. boosted its position in J.M. Smucker Company (The) by 3.7% in the first quarter. Vanguard Group Inc. now owns 11,943,550 shares of the company’s stock valued at $1,565,560,000 after buying an additional 420,604 shares in the last quarter. Bahl & Gaynor Inc. boosted its position in J.M. Smucker Company (The) by 186.9% in the first quarter. Bahl & Gaynor Inc. now owns 543,828 shares of the company’s stock valued at $71,285,000 after buying an additional 354,281 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in J.M. Smucker Company (The) by 9.7% in the first quarter. Wells Fargo & Company MN now owns 3,777,859 shares of the company’s stock valued at $495,201,000 after buying an additional 334,989 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Shares of J.M. Smucker Company (SJM) traded up 0.08% during trading on Friday, hitting $104.84. 1,044,859 shares of the stock were exchanged. The firm has a 50 day moving average price of $117.74 and a 200 day moving average price of $126.21. J.M. Smucker Company has a 52 week low of $103.50 and a 52 week high of $143.68. The firm has a market capitalization of $11.90 billion, a P/E ratio of 22.03 and a beta of 0.63.

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

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

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A number of equities analysts have commented 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. Stephens lowered shares of J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $165.00 to $125.00 in a research report on Wednesday, July 19th. 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. J P Morgan Chase & Co restated an “overweight” rating and issued a $135.00 price target (down from $137.00) on shares of J.M. Smucker Company (The) in a research report on Wednesday, June 28th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $128.00 price target (down from $132.00) on shares of J.M. Smucker Company (The) in a research report on Wednesday, May 31st. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $126.73.

In other J.M. Smucker Company (The) news, insider Richard K. Smucker bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $105.40 per share, for a total transaction of $1,054,000.00. Following the transaction, the insider now directly owns 652,168 shares in the company, valued at $68,738,507.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jill R. Penrose sold 550 shares of J.M. Smucker Company (The) stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $120.09, for a total transaction of $66,049.50. Following the sale, the senior vice president now owns 13,475 shares in the company, valued at $1,618,212.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,030 shares of company stock worth $1,948,195. 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.

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

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