Shares of J.M. Smucker Co. (NYSE:SJM) saw strong trading volume on Monday . 1,803,156 shares traded hands during trading, an increase of 87% from the previous session’s volume of 962,401 shares.The stock last traded at $156.23 and had previously closed at $154.61.

Several equities research analysts recently weighed in on the stock. Credit Suisse Group AG reissued a “buy” rating on shares of J.M. Smucker in a research report on Saturday, July 9th. Zacks Investment Research downgraded shares of J.M. Smucker from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Deutsche Bank AG set a $165.00 price target on shares of J.M. Smucker and gave the company a “buy” rating in a research report on Thursday. Susquehanna reissued a “hold” rating on shares of J.M. Smucker in a research report on Sunday, July 17th. Finally, Goldman Sachs Group Inc. reissued a “sell” rating and set a $131.00 price target (up previously from $128.00) on shares of J.M. Smucker in a research report on Friday, July 15th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. J.M. Smucker currently has an average rating of “Hold” and an average price target of $148.10.

The firm’s 50-day moving average price is $153.34 and its 200-day moving average price is $136.90. The stock has a market cap of $18.19 billion and a P/E ratio of 27.12.

J.M. Smucker (NYSE:SJM) last released its 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. The firm 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 posted $0.98 earnings per share. On average, equities analysts expect 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 issued a $0.75 dividend. This is a positive change 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 yield of 1.92%.

In other news, Director David J. West sold 865 shares of the stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $145.65, for a total transaction of $125,987.25. Following the transaction, the director now directly owns 206,790 shares in the company, valued at approximately $30,118,963.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jill R. Penrose sold 519 shares of the stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $146.96, for a total transaction of $76,272.24. Following the transaction, the senior vice president now owns 7,636 shares in the company, valued at $1,122,186.56. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently made changes to their positions in the company. Calvert Investment Management Inc. raised its position in shares of J.M. Smucker by 51.7% in the fourth quarter. Calvert Investment Management Inc. now owns 8,127 shares of the company’s stock valued at $1,002,000 after buying an additional 2,770 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of J.M. Smucker by 166.9% in the fourth quarter. Advisors Asset Management Inc. now owns 18,926 shares of the company’s stock valued at $2,334,000 after buying an additional 11,836 shares during the last quarter. Utah Retirement Systems raised its position in shares of J.M. Smucker by 0.5% in the fourth quarter. Utah Retirement Systems now owns 21,515 shares of the company’s stock valued at $2,654,000 after buying an additional 100 shares during the last quarter. Stephens Inc. AR raised its position in shares of J.M. Smucker by 25.8% in the fourth quarter. Stephens Inc. AR now owns 23,926 shares of the company’s stock valued at $2,951,000 after buying an additional 4,902 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of J.M. Smucker by 179.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 49,364 shares of the company’s stock valued at $6,089,000 after buying an additional 31,725 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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