Peapack Gladstone Financial Corp trimmed its holdings in J.M. Smucker Company (The) (NYSE:SJM) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,732 shares of the company’s stock after selling 30 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in J.M. Smucker Company (The) were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SJM. Sun Life Financial INC lifted its holdings in J.M. Smucker Company (The) by 10,512.5% in the 2nd quarter. Sun Life Financial INC now owns 849 shares of the company’s stock valued at $100,000 after acquiring an additional 841 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in J.M. Smucker Company (The) in the 1st quarter valued at about $126,000. Paradigm Asset Management Co. LLC lifted its holdings in J.M. Smucker Company (The) by 4.5% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after acquiring an additional 50 shares during the last quarter. BT Investment Management Ltd acquired a new stake in J.M. Smucker Company (The) in the 2nd quarter valued at about $204,000. Finally, Allegis Investment Advisors LLC acquired a new stake in J.M. Smucker Company (The) in the 2nd quarter valued at about $205,000. 73.35% of the stock is owned by institutional investors.

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A number of analysts have commented on the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $114.00 price objective (down from $126.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, July 18th. Deutsche Bank AG reaffirmed a “hold” rating and set a $131.00 price objective (down from $135.00) on shares of J.M. Smucker Company (The) in a research note on Thursday, July 13th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $135.00 price objective (down from $137.00) on shares of J.M. Smucker Company (The) in a research note on Wednesday, June 28th. Stephens lowered shares of J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $165.00 to $125.00 in a research note on Wednesday, July 19th. Finally, BidaskClub raised shares of J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $126.73.

J.M. Smucker Company (SJM) traded down 1.29% during trading on Friday, reaching $104.24. The company had a trading volume of 1,250,196 shares. The company has a market capitalization of $11.84 billion, a PE ratio of 21.89 and a beta of 0.62. The company has a 50 day moving average price of $107.86 and a 200 day moving average price of $120.55. J.M. Smucker Company has a 52-week low of $103.50 and a 52-week high of $143.68.

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

In related news, Director Gary A. Oatey purchased 1,000 shares of the stock in a transaction on Monday, September 11th. The shares were purchased at an average price of $107.30 per share, with a total value of $107,300.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard K. Smucker purchased 10,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were bought 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 disclosure for this purchase can be found here. 3.50% of the stock is currently owned by company insiders.

J.M. Smucker Company (The) 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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