Kayne Anderson Rudnick Investment Management LLC raised its position in J.M. Smucker Company (The) (NYSE:SJM) by 7.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,989 shares of the company’s stock after acquiring an additional 2,014 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in J.M. Smucker Company (The) were worth $3,312,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SJM. Strs Ohio lifted its holdings in J.M. Smucker Company (The) by 3.9% in the first 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 period. Tocqueville Asset Management L.P. lifted its holdings in J.M. Smucker Company (The) by 7.1% in the first quarter. Tocqueville Asset Management L.P. now owns 4,378 shares of the company’s stock valued at $574,000 after acquiring an additional 292 shares during the period. Thompson Investment Management Inc. lifted its holdings in J.M. Smucker Company (The) by 615.7% in the first quarter. Thompson Investment Management Inc. now owns 25,873 shares of the company’s stock valued at $3,391,000 after acquiring an additional 22,258 shares during the period. OLD National Bancorp IN lifted its holdings in J.M. Smucker Company (The) by 2.3% in the first quarter. OLD National Bancorp IN now owns 3,398 shares of the company’s stock valued at $445,000 after acquiring an additional 78 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in J.M. Smucker Company (The) by 69.9% in the first quarter. APG Asset Management N.V. now owns 519,793 shares of the company’s stock valued at $68,134,000 after acquiring an additional 213,800 shares during the period. 73.57% of the stock is currently owned by institutional investors.

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A number of analysts have commented on SJM shares. Credit Suisse Group restated a “neutral” rating and issued a $126.00 price target (down previously from $138.00) on shares of J.M. Smucker Company (The) in a research report on Friday, May 19th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $128.00 price target (down previously from $132.00) on shares of J.M. Smucker Company (The) in a research report on Wednesday, May 31st. Zacks Investment Research upgraded J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. J P Morgan Chase & Co restated an “overweight” rating and issued a $135.00 price target (down previously from $137.00) on shares of J.M. Smucker Company (The) in a research report on Wednesday, June 28th. Finally, Hilliard Lyons upgraded J.M. Smucker Company (The) from a “neutral” rating to a “long-term buy” rating and set a $140.00 price target for the company in a research report on Tuesday, July 11th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $126.73.

In other news, insider Steven Oakland sold 6,047 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $122.00, for a total value of $737,734.00. Following the completion of the sale, the insider now directly owns 47,667 shares in the company, valued at $5,815,374. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sandra Pianalto purchased 250 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was bought at an average price of $120.61 per share, with a total value of $30,152.50. Following the completion of the transaction, the director now directly owns 250 shares of the company’s stock, valued at $30,152.50. The disclosure for this purchase can be found here. Insiders sold 16,030 shares of company stock valued at $1,948,195 over the last 90 days. Company insiders own 3.50% of the company’s stock.

J.M. Smucker Company (NYSE:SJM) opened at 106.21 on Thursday. J.M. Smucker Company has a 12-month low of $103.50 and a 12-month high of $143.68. The firm’s 50-day moving average price is $117.12 and its 200 day moving average price is $125.60. The stock has a market cap of $12.06 billion, a PE ratio of 22.32 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings results on Thursday, August 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by $0.10. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations 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 last year, the company earned $1.86 earnings per share. Analysts anticipate that J.M. Smucker Company will post $7.74 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a $0.78 dividend. The ex-dividend date was Wednesday, August 9th. This is a positive change from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.94%. J.M. Smucker Company (The)’s dividend payout ratio is 65.55%.

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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