LVW Advisors LLC raised its holdings in shares of J.M. Smucker Company (The) (NYSE:SJM) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,200 shares of the company’s stock after purchasing an additional 235 shares during the period. LVW Advisors LLC’s holdings in J.M. Smucker Company (The) were worth $1,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Martingale Asset Management L P lifted its position in J.M. Smucker Company (The) by 5.9% during the 2nd quarter. Martingale Asset Management L P now owns 194,327 shares of the company’s stock valued at $22,996,000 after purchasing an additional 10,900 shares during the period. Aberdeen Asset Management PLC UK lifted its position in J.M. Smucker Company (The) by 9.3% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 402,978 shares of the company’s stock valued at $47,685,000 after purchasing an additional 34,226 shares during the period. HPM Partners LLC lifted its position in J.M. Smucker Company (The) by 3,091.9% during the 2nd quarter. HPM Partners LLC now owns 55,794 shares of the company’s stock valued at $922,000 after purchasing an additional 54,046 shares during the period. AXA lifted its position in J.M. Smucker Company (The) by 101.9% during the 2nd quarter. AXA now owns 40,230 shares of the company’s stock valued at $4,760,000 after purchasing an additional 20,300 shares during the period. Finally, Commonwealth Bank of Australia lifted its position in J.M. Smucker Company (The) by 41.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 9,769 shares of the company’s stock valued at $1,154,000 after purchasing an additional 2,880 shares during the period. Institutional investors own 73.57% of the company’s stock.

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In related news, insider Steven Oakland sold 6,047 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $122.00, for a total transaction of $737,734.00. Following the completion of the sale, the insider now owns 47,667 shares in the company, valued at $5,815,374. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Barry C. Dunaway sold 9,433 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $121.32, for a total value of $1,144,411.56. Following the sale, the insider now owns 40,966 shares of the company’s stock, valued at approximately $4,969,995.12. The disclosure for this sale can be found here. Insiders have sold 16,030 shares of company stock valued at $1,948,195 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Shares of J.M. Smucker Company (SJM) traded up 1.06% during trading on Friday, hitting $107.14. 1,073,047 shares of the stock traded hands. 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 P/E ratio of 22.51 and a beta of 0.62. The company has a 50-day moving average of $116.49 and a 200-day moving average of $125.32.

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. J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the company earned $1.86 earnings per share. J.M. Smucker Company (The)’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, analysts forecast that J.M. Smucker Company will post $7.74 EPS for the current fiscal year.

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

A number of research analysts have issued reports on the stock. Morgan Stanley restated an “underweight” rating and set a $114.00 target price (down from $126.00) on shares of J.M. Smucker Company (The) in a research report on Tuesday, July 18th. Deutsche Bank AG restated a “hold” rating and set a $131.00 target price (down from $135.00) on shares of J.M. Smucker Company (The) in a research report on Thursday, July 13th. J P Morgan Chase & Co restated an “overweight” rating and set a $135.00 target price (down from $137.00) on shares of J.M. Smucker Company (The) in a research report on Wednesday, June 28th. 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 report on Wednesday, June 7th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $126.00 price target on shares of J.M. Smucker Company (The) in a research report on Thursday, June 1st. Four equities 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’s stock. The company has an average rating of “Hold” and a consensus price target of $126.73.

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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