Advisor Partners LLC reduced its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) by 25.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,819 shares of the company’s stock after selling 610 shares during the period. Advisor Partners LLC’s holdings in J.M. Smucker Company (The) were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. BlackRock Inc. boosted its stake in J.M. Smucker Company (The) by 2,899.4% in the first quarter. BlackRock Inc. now owns 7,583,056 shares of the company’s stock valued at $993,987,000 after buying an additional 7,330,233 shares in the last quarter. FMR LLC boosted its stake in J.M. Smucker Company (The) by 49.4% in the first quarter. FMR LLC now owns 2,009,137 shares of the company’s stock valued at $263,357,000 after buying an additional 664,514 shares in the last quarter. Vanguard Group Inc. boosted its stake in J.M. Smucker Company (The) by 3.7% in the first quarter. Vanguard Group Inc. now owns 11,943,550 shares of the company’s stock valued at $1,565,560,000 after buying an additional 420,604 shares in the last quarter. Seizert Capital Partners LLC acquired a new stake in J.M. Smucker Company (The) during the first quarter valued at approximately $50,982,000. Finally, Bahl & Gaynor Inc. boosted its stake in J.M. Smucker Company (The) by 186.9% in the first quarter. Bahl & Gaynor Inc. now owns 543,828 shares of the company’s stock valued at $71,285,000 after buying an additional 354,281 shares in the last quarter. Hedge funds and other institutional investors own 75.47% of the company’s stock.

Shares of J.M. Smucker Company (NYSE SJM) opened at 122.28 on Friday. The stock has a 50 day moving average price of $119.21 and a 200 day moving average price of $128.65. J.M. Smucker Company has a 12 month low of $114.31 and a 12 month high of $156.23. The firm has a market cap of $13.87 billion, a PE ratio of 23.98 and a beta of 0.62.

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 (EPS) for the quarter, beating 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 company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the business earned $1.19 EPS. The firm’s revenue was down 1.3% on a year-over-year basis. On average, equities research analysts expect that J.M. Smucker Company will post $7.97 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a $0.78 dividend. This is a positive change 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 dividend yield of 2.55%. J.M. Smucker Company (The)’s payout ratio is 61.18%.

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A number of equities analysts have issued reports on SJM shares. Zacks Investment Research lowered J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, May 8th. Credit Suisse Group reaffirmed a “neutral” rating and set a $126.00 price target (down from $138.00) on shares of J.M. Smucker Company (The) in a research note on Friday, May 19th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $135.00 price target (down from $137.00) on shares of J.M. Smucker Company (The) in a research note on Wednesday, June 28th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $132.00 price target (down from $135.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, April 25th. Finally, Stephens lowered J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $165.00 to $125.00 in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $132.82.

In other news, insider Steven Oakland sold 6,047 shares of the business’s stock in a transaction 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 owns 47,667 shares of the company’s stock, valued at approximately $5,815,374. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Barry C. Dunaway sold 9,433 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $121.32, for a total transaction of $1,144,411.56. Following the completion of the transaction, the insider now directly owns 40,966 shares of the company’s stock, valued at approximately $4,969,995.12. The disclosure for this sale can be found here. Insiders sold a total of 16,030 shares of company stock valued at $1,948,195 in the last three months. 3.50% of the stock is owned by company 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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