J.M. Smucker Co. (NYSE:SJM)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $154.72 and last traded at $154.72, with a volume of 980,980 shares. The stock had previously closed at $152.97.

A number of equities analysts have commented on the stock. Susquehanna reiterated a “hold” rating on shares of J.M. Smucker in a report on Sunday, July 17th. Goldman Sachs Group Inc. reiterated a “sell” rating and issued a $131.00 target price (up from $128.00) on shares of J.M. Smucker in a report on Friday, July 15th. Credit Suisse Group AG reiterated a “buy” rating on shares of J.M. Smucker in a report on Saturday, July 9th. Hilliard Lyons downgraded shares of J.M. Smucker from a “neutral” rating to an “underperform” rating in a report on Thursday, June 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of J.M. Smucker from $122.00 to $128.00 and gave the stock a “sell” rating in a report on Monday, June 20th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. J.M. Smucker presently has an average rating of “Hold” and an average price target of $146.80.

The company has a market cap of $18.01 billion and a price-to-earnings ratio of 26.86. The company has a 50 day moving average of $147.90 and a 200-day moving average of $132.53.

J.M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, June 9th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.67. During the same period last year, the firm posted $0.98 EPS. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.75 billion. J.M. Smucker’s revenue was up 24.9% on a year-over-year basis. Equities research analysts forecast that J.M. Smucker Co. will post $7.70 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be given a $0.75 dividend. This is a positive change from J.M. Smucker’s previous quarterly dividend of $0.67. This represents a $3.00 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, August 10th.

In other news, SVP Jill R. Penrose sold 519 shares of the company’s stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $146.96, for a total value of $76,272.24. Following the completion of the sale, the senior vice president now owns 7,636 shares of the company’s stock, valued at $1,122,186.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark R. Belgya sold 4,500 shares of the company’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $144.20, for a total value of $648,900.00. Following the completion of the sale, the chief financial officer now directly owns 46,820 shares of the company’s stock, valued at approximately $6,751,444. The disclosure for this sale can be found here.

Other large investors recently modified their holdings of the company. Aberdeen Asset Management PLC UK increased its stake in shares of J.M. Smucker by 41.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 30,595 shares of the company’s stock valued at $3,619,000 after buying an additional 8,940 shares during the last quarter. Alleghany Corp DE bought a new stake in shares of J.M. Smucker during the fourth quarter valued at $25,285,000. Principal Financial Group Inc. increased its stake in shares of J.M. Smucker by 19.7% in the fourth quarter. Principal Financial Group Inc. now owns 180,219 shares of the company’s stock valued at $22,229,000 after buying an additional 29,605 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of J.M. Smucker by 3.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,494,919 shares of the company’s stock valued at $431,063,000 after buying an additional 125,382 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of J.M. Smucker by 76.3% in the fourth quarter. Bank of Montreal Can now owns 84,878 shares of the company’s stock valued at $10,470,000 after buying an additional 36,746 shares during the last quarter.

The J. M. Smucker Company is a manufacturer and marketer of consumer food and beverage products and pet food and pet snacks in North America. The Company has four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International, Foodservice and Natural Foods. The Company’s U.S.

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