J.M. Smucker Co. (NYSE:SJM) shares were down 8.3% during trading on Tuesday . The stock traded as low as $142.55 and last traded at $143.31, with a volume of 3,545,557 shares trading hands. The stock had previously closed at $156.23.

A number of research analysts recently issued reports on SJM shares. Credit Suisse Group AG reiterated a “buy” rating and issued a $158.00 price target (up previously from $156.00) on shares of J.M. Smucker in a research note on Friday, June 10th. Stephens reiterated a “buy” rating on shares of J.M. Smucker in a research note on Monday, June 13th. Jefferies Group downgraded shares of J.M. Smucker from a “buy” rating to a “hold” rating and lifted their price target for the stock from $140.00 to $143.00 in a research note on Friday, June 10th. They noted that the move was a valuation call. KeyCorp started coverage on shares of J.M. Smucker in a research note on Wednesday, May 25th. They issued a “sector weight” rating for the company. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $152.00 price target (up previously from $143.00) on shares of J.M. Smucker in a research note on Friday, June 10th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $148.10.

The company’s 50-day moving average price is $153.34 and its 200 day moving average price is $136.90. The firm has a market cap of $16.72 billion and a price-to-earnings ratio of 24.94.

J.M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, August 23rd. The company reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.12. The company earned $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the company earned $1.32 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. Equities 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. Shareholders of record on Friday, August 12th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Wednesday, August 10th. This is a boost from J.M. Smucker’s previous quarterly dividend of $0.67.

In other J.M. Smucker news, Director David J. West sold 865 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $145.65, for a total value of $125,987.25. Following the completion of the transaction, the director now owns 206,790 shares in the company, valued at approximately $30,118,963.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $145.51, for a total value of $232,816.00. Following the completion of the transaction, the senior vice president now owns 18,702 shares of the company’s stock, valued at approximately $2,721,328.02. The disclosure for this sale can be found here.

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