Baxter Bros Inc. continued to hold its stake in J.M. Smucker Company (The) (NYSE:SJM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,268 shares of the company’s stock at the end of the second quarter. Baxter Bros Inc.’s holdings in J.M. Smucker Company (The) were worth $268,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Cleararc Capital Inc. boosted its stake in J.M. Smucker Company (The) by 0.4% in the first quarter. Cleararc Capital Inc. now owns 2,849 shares of the company’s stock worth $373,000 after buying an additional 11 shares during the period. Schmidt P J Investment Management Inc. boosted its stake in J.M. Smucker Company (The) by 0.5% in the first quarter. Schmidt P J Investment Management Inc. now owns 2,411 shares of the company’s stock worth $316,000 after buying an additional 13 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in J.M. Smucker Company (The) by 0.5% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 5,078 shares of the company’s stock worth $666,000 after buying an additional 26 shares during the period. Gateway Investment Advisers LLC boosted its stake in J.M. Smucker Company (The) by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 7,168 shares of the company’s stock worth $848,000 after buying an additional 26 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in J.M. Smucker Company (The) by 0.3% in the second quarter. CIBC Asset Management Inc now owns 12,171 shares of the company’s stock worth $1,440,000 after buying an additional 31 shares during the period. Institutional investors own 75.47% of the company’s stock.

J.M. Smucker Company (NYSE SJM) opened at 122.57 on Tuesday. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 24.03 and a beta of 0.62. J.M. Smucker Company has a 12 month low of $114.31 and a 12 month high of $157.31. The stock’s 50 day moving average is $119.86 and its 200-day moving average is $129.22.

J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings data on Thursday, June 8th. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.08. J.M. Smucker Company (The) had a net margin of 8.01% and a return on equity of 12.63%. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the company earned $1.19 EPS. The business’s revenue was down 1.3% on a year-over-year basis. On average, analysts anticipate that J.M. Smucker Company will post $7.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a $0.78 dividend. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. The ex-dividend date is Wednesday, August 9th. This represents a $3.12 annualized dividend and a yield of 2.55%. J.M. Smucker Company (The)’s payout ratio is 58.82%.

ILLEGAL ACTIVITY WARNING: “J.M. Smucker Company (The) (NYSE:SJM) Position Held by Baxter Bros Inc.” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.dailypolitical.com/2017/08/08/j-m-smucker-company-the-nysesjm-position-held-by-baxter-bros-inc.html.

A number of equities research analysts have issued reports on the stock. J P Morgan Chase & Co restated an “overweight” rating and set a $135.00 price target (down from $137.00) on shares of J.M. Smucker Company (The) in a report on Wednesday, June 28th. Deutsche Bank AG restated a “hold” rating and set a $131.00 price target (down from $135.00) on shares of J.M. Smucker Company (The) in a report on Thursday, July 13th. Morgan Stanley restated an “underweight” rating and set a $114.00 price target (down from $126.00) on shares of J.M. Smucker Company (The) in a report on Tuesday, July 18th. Susquehanna Bancshares Inc set a $141.00 price target on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a report on Wednesday, June 7th. Finally, Credit Suisse Group restated a “hold” rating and set a $126.00 price target on shares of J.M. Smucker Company (The) in a report on Thursday, June 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $132.82.

In other news, insider Steven Oakland sold 6,047 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $122.00, for a total value of $737,734.00. Following the completion of the transaction, the insider now directly owns 47,667 shares in the company, valued at approximately $5,815,374. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sandra Pianalto bought 250 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was purchased at an average price of $120.61 per share, with a total value of $30,152.50. Following the completion of the transaction, the director now directly owns 250 shares in the company, valued at approximately $30,152.50. The disclosure for this purchase can be found here. Insiders sold a total of 16,030 shares of company stock valued at $1,948,195 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

J.M. Smucker Company (The) Company Profile

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

Institutional Ownership by Quarter for J.M. Smucker Company (The) (NYSE:SJM)

Receive News & Ratings for J.M. Smucker Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.M. Smucker Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.