Tdam USA Inc. decreased its position in J.M. Smucker Company (The) (NYSE:SJM) by 46.9% during the second quarter, Holdings Channel reports. The firm owned 3,307 shares of the company’s stock after selling 2,925 shares during the period. Tdam USA Inc.’s holdings in J.M. Smucker Company (The) were worth $390,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. AMI Asset Management Corp boosted its position in J.M. Smucker Company (The) by 0.3% in the first quarter. AMI Asset Management Corp now owns 172,955 shares of the company’s stock worth $22,671,000 after buying an additional 520 shares during the period. Hall Laurie J Trustee boosted its position in J.M. Smucker Company (The) by 1,387.0% in the first quarter. Hall Laurie J Trustee now owns 2,974 shares of the company’s stock worth $387,000 after buying an additional 2,774 shares during the period. TNB Financial bought a new position in J.M. Smucker Company (The) during the first quarter worth $333,000. Regentatlantic Capital LLC boosted its position in J.M. Smucker Company (The) by 1.2% in the first quarter. Regentatlantic Capital LLC now owns 23,062 shares of the company’s stock worth $3,023,000 after buying an additional 275 shares during the period. Finally, Bank of Montreal Can boosted its position in J.M. Smucker Company (The) by 16.6% in the first quarter. Bank of Montreal Can now owns 99,437 shares of the company’s stock worth $13,034,000 after buying an additional 14,125 shares during the period. 75.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of J.M. Smucker Company (NYSE SJM) opened at 122.19 on Thursday. J.M. Smucker Company has a 52 week low of $114.31 and a 52 week high of $156.23. The company has a 50-day moving average of $119.17 and a 200-day moving average of $128.78. The firm has a market capitalization of $13.86 billion, a PE ratio of 23.96 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last released its earnings results on Thursday, June 8th. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.77 billion. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. J.M. Smucker Company (The)’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.19 earnings per share. On average, equities analysts forecast that J.M. Smucker Company will post $7.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a dividend of $0.78 per share. This is a positive change from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Wednesday, August 9th. J.M. Smucker Company (The)’s payout ratio is presently 58.82%.

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A number of equities analysts have recently weighed in on the stock. Susquehanna Bancshares Inc set a $141.00 price target on shares of J.M. Smucker Company (The) and gave the stock a “hold” rating in a research note on Wednesday, June 7th. Zacks Investment Research raised shares of J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Credit Suisse Group reaffirmed a “hold” rating and set a $126.00 price target on shares of J.M. Smucker Company (The) in a research note on Thursday, June 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $130.00 price target on shares of J.M. Smucker Company (The) in a research note on Wednesday, April 26th. Finally, Citigroup Inc. lowered their price target on shares of J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $132.82.

In related news, insider Steven Oakland sold 6,047 shares of J.M. Smucker Company (The) stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $122.00, for a total transaction of $737,734.00. Following the transaction, the insider now directly owns 47,667 shares of the company’s stock, valued at $5,815,374. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jill R. Penrose sold 550 shares of J.M. Smucker Company (The) stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $120.09, for a total value of $66,049.50. Following the transaction, the senior vice president now directly owns 13,475 shares in the company, valued at $1,618,212.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,030 shares of company stock worth $1,948,195. 3.50% of the stock is owned by corporate 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.

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

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