Edmond DE Rothschild Holding S.A. held its position in J.M. Smucker Company (The) (NYSE:SJM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,020 shares of the company’s stock at the end of the 2nd quarter. Edmond DE Rothschild Holding S.A.’s holdings in J.M. Smucker Company (The) were worth $120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. increased its stake in J.M. Smucker Company (The) by 7.6% in the second quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock worth $965,814,000 after purchasing an additional 578,984 shares during the period. Bruderman Asset Management LLC increased its stake in J.M. Smucker Company (The) by 117.5% in the second quarter. Bruderman Asset Management LLC now owns 7,825 shares of the company’s stock worth $926,000 after purchasing an additional 4,227 shares during the period. Courier Capital LLC increased its stake in J.M. Smucker Company (The) by 39.0% in the second quarter. Courier Capital LLC now owns 2,675 shares of the company’s stock worth $317,000 after purchasing an additional 750 shares during the period. Captrust Financial Advisors purchased a new stake in J.M. Smucker Company (The) in the second quarter worth $926,000. Finally, Norinchukin Bank The increased its stake in J.M. Smucker Company (The) by 6.8% in the second quarter. Norinchukin Bank The now owns 8,079 shares of the company’s stock worth $956,000 after purchasing an additional 513 shares during the period. Institutional investors and hedge funds own 73.35% of the company’s stock.

Shares of J.M. Smucker Company (SJM) opened at 105.92 on Friday. The company’s 50-day moving average price is $114.06 and its 200-day moving average price is $123.46. J.M. Smucker Company has a 12 month low of $103.50 and a 12 month high of $143.68. The company has a market cap of $12.03 billion, a P/E ratio of 22.25 and a beta of 0.62.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a dividend of $0.78 per share. 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 2.93%. The ex-dividend date was Wednesday, August 9th. J.M. Smucker Company (The)’s dividend payout ratio is currently 65.55%.

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A number of analysts have weighed in on SJM shares. Morgan Stanley reiterated a “sell” rating and issued a $108.00 target price (down previously from $114.00) on shares of J.M. Smucker Company (The) in a research note on Friday, August 25th. Zacks Investment Research upgraded J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. BidaskClub lowered J.M. Smucker Company (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Credit Suisse Group reiterated a “neutral” rating and issued a $120.00 target price (down previously from $126.00) on shares of J.M. Smucker Company (The) in a research note on Monday, July 3rd. They noted that the move was a valuation call. Finally, Jefferies Group LLC upgraded J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and raised their price target for the company from $130.00 to $140.00 in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $126.73.

In other news, SVP Jill R. Penrose sold 550 shares of the company’s stock in a transaction dated 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 approximately $1,618,212.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Barry C. Dunaway sold 9,433 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $121.32, for a total value of $1,144,411.56. Following the transaction, the insider now directly owns 40,966 shares of the company’s stock, valued at $4,969,995.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 11,250 shares of company stock valued at $1,191,453. Insiders own 3.50% of the company’s stock.

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.

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

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