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

Several equities research analysts have recently issued reports on the company. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $131.00 price objective (up from $128.00) on shares of J.M. Smucker in a research note on Friday, July 15th. Hilliard Lyons lowered J.M. Smucker from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 23rd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $143.00 price objective (up from $137.00) on shares of J.M. Smucker in a research note on Friday, June 3rd. JPMorgan Chase & Co. raised their price objective on J.M. Smucker from $122.00 to $128.00 and gave the company a “sell” rating in a research note on Monday, June 20th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $158.00 price objective (up from $156.00) on shares of J.M. Smucker in a research note on Friday, June 10th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. J.M. Smucker presently has an average rating of “Hold” and an average target price of $146.80.

The stock has a market cap of $18.07 billion and a P/E ratio of 26.95. The company has a 50-day moving average of $151.39 and a 200-day moving average of $134.43.

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 analysts’ consensus estimates of $1.19 by $0.67. The company earned $1.81 billion during the quarter, compared to analysts’ expectations of $1.75 billion. J.M. Smucker’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. Analysts predict that J.M. Smucker Co. will post $7.70 earnings per share for the current fiscal year.

The business also recently declared 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 an increase from J.M. Smucker’s previous quarterly dividend of $0.67. The ex-dividend date is Wednesday, August 10th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.93%.

In other news, Director Vincent C. Byrd sold 14,512 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $144.55, for a total value of $2,097,709.60. Following the completion of the sale, the director now directly owns 69,670 shares in the company, valued at $10,070,798.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven Oakland sold 5,453 shares of the company’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 $6,810,360. The disclosure for this sale can be found here.

Several large investors recently bought and sold shares of SJM. Mutual of America Capital Management LLC raised its stake in 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 worth $1,724,000 after buying an additional 2,065 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its position in 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 worth $5,073,000 after buying an additional 18,135 shares in the last quarter. Bank of Montreal Can boosted its position in J.M. Smucker by 76.3% in the fourth quarter. Bank of Montreal Can now owns 84,878 shares of the company’s stock worth $10,470,000 after buying an additional 36,746 shares in the last quarter. Principal Financial Group Inc. boosted its position in J.M. Smucker by 19.7% in the fourth quarter. Principal Financial Group Inc. now owns 180,219 shares of the company’s stock worth $22,229,000 after buying an additional 29,605 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its position in 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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