J.M. Smucker Co. (NYSE:SJM) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $155.87 and last traded at $155.66, with a volume of 494,403 shares changing hands. The stock had previously closed at $152.77.

SJM has been the subject of a number of research reports. Zacks Investment Research upgraded shares of J.M. Smucker from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a report on Tuesday, April 26th. KeyCorp began coverage on shares of J.M. Smucker in a report on Wednesday, May 25th. They set a “sector weight” rating for the company. Morgan Stanley raised their price target on shares of J.M. Smucker from $128.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, June 3rd. Deutsche Bank AG restated a “buy” rating and set a $143.00 price target (up previously from $137.00) on shares of J.M. Smucker in a report on Friday, June 3rd. Finally, Susquehanna restated a “hold” rating and set a $136.00 price target on shares of J.M. Smucker in a report on Wednesday, June 8th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $146.80.

The stock’s 50 day moving average is $150.75 and its 200-day moving average is $134.12. The firm has a market capitalization of $18.19 billion and a price-to-earnings ratio of 27.12.

J.M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, June 9th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.67. The firm earned $1.81 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the company earned $0.98 EPS. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. On average, analysts forecast that J.M. Smucker Co. will post $7.70 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Friday, August 12th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.92%. This is a boost from J.M. Smucker’s previous quarterly dividend of $0.67. The ex-dividend date is Wednesday, August 10th.

In other J.M. Smucker news, CFO Mark R. Belgya sold 4,500 shares of the business’s stock in a transaction that occurred on 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 owns 46,820 shares in the company, valued at $6,751,444. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Oakland sold 5,453 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $145.00, for a total value of $790,685.00. Following the completion of the sale, the insider now owns 46,968 shares of the company’s stock, valued at approximately $6,810,360. The disclosure for this sale can be found here.

Other hedge funds recently made changes to their positions in the company. Mutual of America Capital Management LLC increased its stake in shares of J.M. Smucker by 17.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 13,977 shares of the company’s stock valued at $1,724,000 after buying an additional 2,065 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in shares of J.M. Smucker by 78.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 41,131 shares of the company’s stock valued at $5,073,000 after buying an additional 18,135 shares during the last quarter. 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. 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. Finally, Aberdeen Asset Management PLC UK increased its position 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 worth $3,619,000 after buying an additional 8,940 shares in 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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