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

A number of equities analysts recently weighed in on the stock. Credit Suisse Group AG restated a “buy” rating on shares of J.M. Smucker in a report on Saturday, July 9th. Susquehanna restated a “hold” rating on shares of J.M. Smucker in a report on Sunday, July 17th. JPMorgan Chase & Co. restated a “buy” rating on shares of J.M. Smucker in a report on Sunday, June 12th. Morgan Stanley restated a “hold” rating on shares of J.M. Smucker in a report on Saturday, June 4th. Finally, Stephens restated a “buy” rating on shares of J.M. Smucker in a report on Monday, June 13th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $148.80.

The company has a 50 day moving average of $152.80 and a 200-day moving average of $137.07. The company has a market capitalization of $16.57 billion and a PE ratio of 24.70.

J.M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, August 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.12. During the same quarter last year, the firm posted $1.32 earnings per share. The business had revenue of $1.82 billion for the quarter. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. Equities research analysts anticipate that J.M. Smucker Co. will post $7.70 earnings per share for the current fiscal 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. The ex-dividend date is Wednesday, August 10th. This represents a $3.00 annualized dividend and a yield of 2.11%. This is a positive change from J.M. Smucker’s previous quarterly dividend of $0.67.

In other J.M. Smucker news, CFO Mark R. Belgya sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were 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 in the company, valued at $6,751,444. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Vincent C. Byrd sold 14,512 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $144.55, for a total transaction of $2,097,709.60. Following the completion of the sale, the director now owns 69,670 shares of the company’s stock, valued at $10,070,798.50. The disclosure for this sale can be found here.

Other large investors have recently made changes to their positions in the company. 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 period. BNP Paribas Arbitrage SA increased its stake 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 period. Utah Retirement Systems increased its stake 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 period. BlackRock Advisors LLC increased its stake in shares of J.M. Smucker by 32.8% in the fourth quarter. BlackRock Advisors LLC now owns 110,540 shares of the company’s stock valued at $13,634,000 after buying an additional 27,304 shares during the period. Finally, RS Investment Management Co. LLC purchased a new stake in shares of J.M. Smucker during the fourth quarter valued at $22,730,000.

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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