Bruderman Asset Management LLC raised its holdings in J.M. Smucker Company (The) (NYSE:SJM) by 117.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,825 shares of the company’s stock after purchasing an additional 4,227 shares during the quarter. Bruderman Asset Management LLC’s holdings in J.M. Smucker Company (The) were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aviva PLC boosted its holdings in J.M. Smucker Company (The) by 1.3% in the 2nd quarter. Aviva PLC now owns 70,815 shares of the company’s stock valued at $8,380,000 after purchasing an additional 910 shares in the last quarter. Smith Salley & Associates boosted its holdings in J.M. Smucker Company (The) by 14.9% in the 1st quarter. Smith Salley & Associates now owns 1,992 shares of the company’s stock valued at $261,000 after purchasing an additional 259 shares in the last quarter. Bank of Nova Scotia boosted its holdings in J.M. Smucker Company (The) by 2,819.9% in the 1st quarter. Bank of Nova Scotia now owns 76,619 shares of the company’s stock valued at $10,044,000 after purchasing an additional 73,995 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in J.M. Smucker Company (The) by 264.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 99,542 shares of the company’s stock valued at $13,048,000 after purchasing an additional 72,260 shares in the last quarter. Finally, Norinchukin Bank The boosted its holdings in J.M. Smucker Company (The) by 7.1% in the 1st quarter. Norinchukin Bank The now owns 7,566 shares of the company’s stock valued at $992,000 after purchasing an additional 503 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Shares of J.M. Smucker Company (NYSE SJM) traded up 1.01% during midday trading on Thursday, hitting $108.13. The stock had a trading volume of 410,685 shares. J.M. Smucker Company has a one year low of $103.50 and a one year high of $143.68. The firm has a 50 day moving average of $115.83 and a 200-day moving average of $124.61. The company has a market cap of $12.28 billion, a P/E ratio of 22.71 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last announced its quarterly earnings results on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.10). J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business posted $1.86 EPS. J.M. Smucker Company (The)’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, analysts forecast that J.M. Smucker Company will post $7.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were paid a $0.78 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $3.12 annualized dividend and a dividend yield of 2.91%. This is a positive change from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is presently 65.55%.

In other news, insider Barry C. Dunaway sold 9,433 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 40,966 shares in the company, valued at $4,969,995.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven Oakland sold 6,047 shares of the stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $122.00, for a total transaction of $737,734.00. Following the completion of the transaction, the insider now owns 47,667 shares of the company’s stock, valued at $5,815,374. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 11,250 shares of company stock worth $1,191,453 and sold 16,030 shares worth $1,948,195. 3.50% of the stock is currently owned by company insiders.

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A number of equities research analysts have weighed in on the company. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $128.00 price objective (down previously from $132.00) on shares of J.M. Smucker Company (The) in a report on Wednesday, May 31st. Citigroup Inc. lowered their price objective on J.M. Smucker Company (The) from $155.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, August 25th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $131.00 price objective (down previously from $135.00) on shares of J.M. Smucker Company (The) in a report on Thursday, July 13th. Jefferies Group LLC raised J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and lifted their price objective for the company from $130.00 to $140.00 in a report on Friday, July 28th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $126.00 price objective on shares of J.M. Smucker Company (The) in a report on Thursday, June 1st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. J.M. Smucker Company (The) has an average rating of “Hold” and an average price target of $126.73.

J.M. Smucker Company (The) 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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