Axa raised its position in shares of J.M. Smucker Company (The) (NYSE:SJM) by 101.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,230 shares of the company’s stock after acquiring an additional 20,300 shares during the period. Axa’s holdings in J.M. Smucker Company (The) were worth $4,760,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SJM. Xact Kapitalforvaltning AB boosted its holdings in shares of J.M. Smucker Company (The) by 2.3% during the first quarter. Xact Kapitalforvaltning AB now owns 25,636 shares of the company’s stock worth $3,360,000 after acquiring an additional 569 shares during the period. LS Investment Advisors LLC boosted its holdings in shares of J.M. Smucker Company (The) by 5.7% during the first quarter. LS Investment Advisors LLC now owns 6,023 shares of the company’s stock worth $789,000 after acquiring an additional 325 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of J.M. Smucker Company (The) by 0.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 17,534 shares of the company’s stock worth $2,298,000 after acquiring an additional 165 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of J.M. Smucker Company (The) during the first quarter worth approximately $253,000. Finally, Swiss National Bank boosted its holdings in shares of J.M. Smucker Company (The) by 21.4% during the first quarter. Swiss National Bank now owns 521,099 shares of the company’s stock worth $68,306,000 after acquiring an additional 91,700 shares during the period. Institutional investors own 73.46% of the company’s stock.

Shares of J.M. Smucker Company (NYSE:SJM) opened at 110.22 on Friday. The company has a market capitalization of $12.52 billion, a PE ratio of 23.15 and a beta of 0.62. The company has a 50 day moving average price of $114.74 and a 200 day moving average price of $124.14. J.M. Smucker Company has a 52 week low of $103.50 and a 52 week high of $143.68.

J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings data on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.10). The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.81 billion. J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the business posted $1.86 earnings per share. On average, equities research analysts expect that J.M. Smucker Company will post $7.74 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were issued a $0.78 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This is an increase from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 annualized dividend and a yield of 2.83%. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is 65.55%.

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SJM has been the subject of a number of research analyst reports. Stephens cut J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $165.00 to $125.00 in a report on Wednesday, July 19th. Morgan Stanley restated an “underweight” rating and set a $114.00 price objective (down previously from $126.00) on shares of J.M. Smucker Company (The) in a report on Tuesday, July 18th. Zacks Investment Research upgraded J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a report on Thursday. Hilliard Lyons upgraded J.M. Smucker Company (The) from a “neutral” rating to a “long-term buy” rating and set a $140.00 price objective for the company in a report on Tuesday, July 11th. They noted that the move was a valuation call. Finally, BidaskClub upgraded J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $126.73.

In other J.M. Smucker Company (The) news, insider Richard K. Smucker acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average cost of $105.40 per share, with a total value of $1,054,000.00. Following the acquisition, the insider now owns 652,168 shares in the company, valued at $68,738,507.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jill R. Penrose sold 550 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The stock was 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 $1,618,212.75. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 11,250 shares of company stock valued at $1,191,453 and sold 16,030 shares valued at $1,948,195. 3.50% of the stock is currently owned by company insiders.

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.

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

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