Stockman Wealth Management Inc. reduced its holdings in J.M. Smucker Company (The) (NYSE:SJM) by 59.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,025 shares of the company’s stock after selling 13,017 shares during the period. Stockman Wealth Management Inc.’s holdings in J.M. Smucker Company (The) were worth $1,068,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SJM. Strs Ohio boosted its holdings in shares of J.M. Smucker Company (The) by 3.9% in the 1st quarter. Strs Ohio now owns 15,104 shares of the company’s stock valued at $1,979,000 after acquiring an additional 571 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of J.M. Smucker Company (The) by 13.3% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,044 shares of the company’s stock valued at $1,316,000 after purchasing an additional 1,179 shares during the period. Wells Fargo & Company MN lifted its stake in shares of J.M. Smucker Company (The) by 9.7% in the 1st quarter. Wells Fargo & Company MN now owns 3,777,859 shares of the company’s stock valued at $495,201,000 after purchasing an additional 334,989 shares during the period. Tocqueville Asset Management L.P. lifted its stake in shares of J.M. Smucker Company (The) by 7.1% in the 1st quarter. Tocqueville Asset Management L.P. now owns 4,378 shares of the company’s stock valued at $574,000 after purchasing an additional 292 shares during the period. Finally, Advisor Partners LLC lifted its stake in shares of J.M. Smucker Company (The) by 40.3% in the 1st quarter. Advisor Partners LLC now owns 2,429 shares of the company’s stock valued at $318,000 after purchasing an additional 698 shares during the period. 73.57% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms recently issued reports on SJM. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $135.00 target price (down from $137.00) on shares of J.M. Smucker Company (The) in a research note on Wednesday, June 28th. Morgan Stanley reiterated an “underweight” rating and issued a $114.00 target price (down from $126.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, July 18th. Deutsche Bank AG reiterated a “hold” rating and issued a $131.00 target price (down from $135.00) on shares of J.M. Smucker Company (The) in a research note on Thursday, July 13th. Credit Suisse Group reiterated a “hold” rating and issued a $126.00 target price on shares of J.M. Smucker Company (The) in a research note on Thursday, June 1st. Finally, Susquehanna Bancshares Inc set a $141.00 target price on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a research note on Wednesday, June 7th. Four analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. J.M. Smucker Company (The) has an average rating of “Hold” and an average price target of $126.73.

J.M. Smucker Company (NYSE SJM) traded up 0.08% during trading on Monday, reaching $104.84. 1,044,859 shares of the company’s stock were exchanged. The stock 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 price-to-earnings ratio of 22.03 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 EPS for the quarter, missing the consensus estimate of $1.61 by $0.10. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.81 billion. J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. 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 previous year, the firm posted $1.86 earnings per share. Equities research analysts forecast that J.M. Smucker Company will post $7.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were given a dividend of $0.78 per share. This is a positive change 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 2.98%. The ex-dividend date was Wednesday, August 9th. J.M. Smucker Company (The)’s payout ratio is presently 65.55%.

In other J.M. Smucker Company (The) news, insider Steven Oakland sold 6,047 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $122.00, for a total transaction of $737,734.00. Following the sale, the insider now directly owns 47,667 shares in the company, valued at approximately $5,815,374. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sandra Pianalto bought 250 shares of the firm’s stock in a transaction on Tuesday, June 27th. The shares were 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 directly owns 250 shares in the company, valued at approximately $30,152.50. The disclosure for this purchase can be found here. Insiders have sold a total of 16,030 shares of company stock worth $1,948,195 over the last 90 days. Insiders own 3.50% of the company’s stock.

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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