Johnson Financial Group Inc. decreased its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) by 11.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,022 shares of the company’s stock after selling 516 shares during the quarter. Johnson Financial Group Inc.’s holdings in J.M. Smucker Company (The) were worth $476,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SJM. Strs Ohio increased its stake in J.M. Smucker Company (The) by 3.9% during the 1st quarter. Strs Ohio now owns 15,104 shares of the company’s stock valued at $1,979,000 after purchasing an additional 571 shares in the last quarter. Eqis Capital Management Inc. increased its stake in J.M. Smucker Company (The) by 8.3% during the 1st quarter. Eqis Capital Management Inc. now owns 7,473 shares of the company’s stock valued at $980,000 after purchasing an additional 570 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in J.M. Smucker Company (The) by 2.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 183,186 shares of the company’s stock valued at $24,012,000 after purchasing an additional 4,939 shares in the last quarter. First Trust Advisors LP increased its stake in J.M. Smucker Company (The) by 7.9% during the 1st quarter. First Trust Advisors LP now owns 331,030 shares of the company’s stock valued at $43,391,000 after purchasing an additional 24,172 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in J.M. Smucker Company (The) by 2.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 61,763 shares of the company’s stock valued at $8,151,000 after purchasing an additional 1,564 shares in the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.

J.M. Smucker Company (NYSE SJM) traded up 1.06% during mid-day trading on Friday, hitting $107.14. 1,073,047 shares of the stock were exchanged. The company has a 50 day moving average price of $116.49 and a 200 day moving average price of $125.32. 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 cap of $12.16 billion, a price-to-earnings ratio of 22.51 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last announced its earnings results on Thursday, August 24th. The company reported $1.51 EPS 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%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.86 earnings per share. On average, analysts anticipate that J.M. Smucker Company will post $7.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.91%. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. The ex-dividend date was Wednesday, August 9th. J.M. Smucker Company (The)’s payout ratio is presently 65.55%.

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A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Susquehanna Bancshares Inc set a $131.00 price target on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a research note on Wednesday, August 23rd. Credit Suisse Group set a $110.00 price target on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a research note on Friday, August 25th. Deutsche Bank AG restated a “hold” rating and set a $131.00 price target (down previously from $135.00) on shares of J.M. Smucker Company (The) in a research note on Thursday, July 13th. Finally, Jefferies Group LLC upgraded shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and upped their price target for the company from $130.00 to $140.00 in a research note on Friday, July 28th. Four research 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 an average rating of “Hold” and a consensus target price 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 dated Tuesday, August 29th. The shares were acquired at an average cost of $105.40 per share, with a total value of $1,054,000.00. Following the acquisition, the insider now directly owns 652,168 shares of the company’s stock, valued at approximately $68,738,507.20. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Barry C. Dunaway sold 9,433 shares of J.M. Smucker Company (The) stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $121.32, for a total transaction of $1,144,411.56. Following the completion of the transaction, the insider now directly owns 40,966 shares in the company, valued at $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 over the last ninety days. Corporate 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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