Morningstar Investment Services LLC bought a new position in shares of J M Smucker Co (NYSE:SJM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,828 shares of the company’s stock, valued at approximately $304,000.

Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of J M Smucker by 8.2% during the first quarter. BlackRock Inc. now owns 8,968,227 shares of the company’s stock worth $1,112,150,000 after purchasing an additional 680,394 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of J M Smucker by 1.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,959,125 shares of the company’s stock worth $425,526,000 after purchasing an additional 61,426 shares in the last quarter. LSV Asset Management grew its position in shares of J M Smucker by 24.7% during the first quarter. LSV Asset Management now owns 2,594,643 shares of the company’s stock worth $321,761,000 after purchasing an additional 513,550 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of J M Smucker by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,765,003 shares of the company’s stock worth $218,878,000 after purchasing an additional 6,048 shares in the last quarter. Finally, Coho Partners Ltd. grew its position in shares of J M Smucker by 4.3% during the second quarter. Coho Partners Ltd. now owns 1,456,002 shares of the company’s stock worth $156,491,000 after purchasing an additional 59,445 shares in the last quarter. Hedge funds and other institutional investors own 79.64% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday. Barclays reissued a “hold” rating on shares of J M Smucker in a research note on Monday, June 11th. Susquehanna Bancshares set a $159.00 price target on J M Smucker and gave the company a “buy” rating in a research note on Monday, May 21st. Wells Fargo & Co set a $100.00 price target on J M Smucker and gave the company a “hold” rating in a research note on Tuesday, June 5th. Finally, Deutsche Bank set a $97.00 price target on J M Smucker and gave the company a “hold” rating in a research note on Friday, June 8th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. J M Smucker presently has a consensus rating of “Hold” and an average price target of $121.83.

In other news, SVP Jeannette L. Knudsen sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $108.29, for a total value of $108,290.00. Following the completion of the sale, the senior vice president now directly owns 27,724 shares of the company’s stock, valued at approximately $3,002,231.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Barry C. Dunaway sold 10,354 shares of the firm’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $106.14, for a total value of $1,098,973.56. Following the completion of the sale, the insider now directly owns 22,851 shares of the company’s stock, valued at $2,425,405.14. The disclosure for this sale can be found here. Insiders sold a total of 20,342 shares of company stock valued at $2,187,461 over the last ninety days. Corporate insiders own 3.92% of the company’s stock.

Shares of J M Smucker stock opened at $110.83 on Friday. J M Smucker Co has a 12 month low of $96.13 and a 12 month high of $133.38. The company has a market cap of $12.71 billion, a P/E ratio of 13.92, a PEG ratio of 1.77 and a beta of 0.58. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.50 and a quick ratio of 0.68.

J M Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 7th. The company reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.18 by ($0.25). The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.80 billion. J M Smucker had a net margin of 18.19% and a return on equity of 12.20%. J M Smucker’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 earnings per share. research analysts predict that J M Smucker Co will post 8.41 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Friday, August 17th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.07%. This is a positive change from J M Smucker’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Thursday, August 16th. J M Smucker’s dividend payout ratio (DPR) is presently 39.20%.

J M Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

Further Reading: NASDAQ

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Institutional Ownership by Quarter for J M Smucker (NYSE:SJM)

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