Strs Ohio lowered its stake in J.M. Smucker Company (The) (NYSE:SJM) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,956 shares of the company’s stock after selling 1,148 shares during the period. Strs Ohio’s holdings in J.M. Smucker Company (The) were worth $1,651,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Harbour Capital Advisors LLC purchased a new stake in J.M. Smucker Company (The) during the first quarter valued at about $126,000. Schnieders Capital Management LLC purchased a new stake in J.M. Smucker Company (The) during the first quarter valued at about $217,000. Advisory Services Network LLC purchased a new stake in J.M. Smucker Company (The) during the first quarter valued at about $221,000. HPM Partners LLC purchased a new stake in J.M. Smucker Company (The) during the first quarter valued at about $229,000. Finally, Independence Advisors LLC purchased a new stake in J.M. Smucker Company (The) during the second quarter valued at about $232,000. 75.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of J.M. Smucker Company (NYSE SJM) opened at 122.28 on Friday. J.M. Smucker Company has a 52 week low of $114.31 and a 52 week high of $156.23. The firm has a market capitalization of $13.87 billion, a P/E ratio of 23.98 and a beta of 0.62. The firm’s 50-day moving average is $119.21 and its 200-day moving average is $128.65.

J.M. Smucker Company (The) (NYSE:SJM) last announced its quarterly earnings results on Thursday, June 8th. The company reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.08. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the business posted $1.19 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. Equities analysts anticipate that J.M. Smucker Company will post $7.97 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 annualized dividend and a dividend yield of 2.55%. J.M. Smucker Company (The)’s dividend payout ratio is currently 61.18%.

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Several equities analysts have recently weighed in on the stock. Citigroup Inc. dropped their price objective 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 report on Tuesday, May 9th. Jefferies Group LLC raised shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $140.00 in a research report on Friday, July 28th. Stephens lowered shares of J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $165.00 to $125.00 in a research report on Wednesday, July 19th. Susquehanna Bancshares Inc set a $141.00 price objective on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a research report on Wednesday, June 7th. Finally, Zacks Investment Research raised shares of J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. J.M. Smucker Company (The) currently has an average rating of “Hold” and an average target price of $132.82.

In related news, Director Sandra Pianalto purchased 250 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were purchased at an average cost of $120.61 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Barry C. Dunaway sold 9,433 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $121.32, for a total value of $1,144,411.56. Following the sale, the insider now owns 40,966 shares in the company, valued at $4,969,995.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,030 shares of company stock worth $1,948,195. Company 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.

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

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