Legacy Capital Partners Inc. lowered its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) by 7.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,359 shares of the company’s stock after selling 1,135 shares during the period. Legacy Capital Partners Inc.’s holdings in J.M. Smucker Company (The) were worth $1,581,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of SJM. Global X Management Co. LLC raised its position in J.M. Smucker Company (The) by 4.4% in the second quarter. Global X Management Co. LLC now owns 5,793 shares of the company’s stock valued at $685,000 after buying an additional 242 shares during the last quarter. Retirement Systems of Alabama raised its position in J.M. Smucker Company (The) by 0.3% in the second quarter. Retirement Systems of Alabama now owns 56,451 shares of the company’s stock valued at $6,680,000 after buying an additional 174 shares during the last quarter. Smithfield Trust Co. raised its position in J.M. Smucker Company (The) by 23.0% in the second quarter. Smithfield Trust Co. now owns 4,291 shares of the company’s stock valued at $508,000 after buying an additional 802 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in J.M. Smucker Company (The) by 36.9% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 29,580 shares of the company’s stock valued at $3,500,000 after buying an additional 7,980 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in J.M. Smucker Company (The) by 5.7% in the second quarter. Stratos Wealth Partners LTD. now owns 26,092 shares of the company’s stock valued at $3,087,000 after buying an additional 1,409 shares during the last quarter. Institutional investors and hedge funds own 75.47% of the company’s stock.

J.M. Smucker Company (SJM) opened at 121.79 on Wednesday. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of 23.88 and a beta of 0.62. The firm has a 50-day moving average of $119.31 and a 200-day moving average of $129.04. J.M. Smucker Company has a one year low of $114.31 and a one year high of $156.23.

J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings results on Thursday, June 8th. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm earned $1.19 EPS. The business’s revenue was down 1.3% on a year-over-year basis. Analysts anticipate that J.M. Smucker Company will post $7.97 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.56%. This is an increase from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. The ex-dividend date is Wednesday, August 9th. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is presently 58.82%.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/08/09/legacy-capital-partners-inc-sells-1135-shares-of-j-m-smucker-company-the-nysesjm.html.

Several research firms recently weighed in on SJM. Jefferies Group LLC upgraded shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and lifted their target price for the company from $130.00 to $140.00 in a report on Friday, July 28th. Stephens lowered shares of J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $165.00 to $125.00 in a report on Wednesday, July 19th. Morgan Stanley restated an “underweight” rating and set a $114.00 target price (down previously from $126.00) on shares of J.M. Smucker Company (The) in a report on Tuesday, July 18th. Deutsche Bank AG restated a “hold” rating and set a $131.00 target price (down previously from $135.00) on shares of J.M. Smucker Company (The) in a report on Thursday, July 13th. Finally, Hilliard Lyons upgraded shares of J.M. Smucker Company (The) from a “neutral” rating to a “long-term buy” rating and set a $140.00 target price on the stock in a report on Tuesday, July 11th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. J.M. Smucker Company (The) has a consensus rating of “Hold” and an average target price of $132.82.

In other news, SVP Jill R. Penrose sold 550 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $120.09, for a total transaction of $66,049.50. Following the completion of the transaction, the senior vice president now directly owns 13,475 shares of the company’s stock, valued at approximately $1,618,212.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Barry C. Dunaway sold 9,433 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $121.32, for a total transaction of $1,144,411.56. Following the transaction, the insider now directly owns 40,966 shares of the company’s stock, valued at $4,969,995.12. The disclosure for this sale can be found here. Insiders have sold a total of 16,030 shares of company stock valued at $1,948,195 over the last ninety days. 3.50% of the stock is owned by insiders.

About J.M. Smucker Company (The)

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.