Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 371,733 shares of the company’s stock after buying an additional 4,552 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.33% of J.M. Smucker Company (The) worth $43,987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of 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 position in shares of 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 position in shares of 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 bought a new position in shares of J.M. Smucker Company (The) during the first quarter valued at $50,982,000. Finally, Bahl & Gaynor Inc. boosted its position in shares of 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. Institutional investors own 75.09% of the company’s stock.

Shares of J.M. Smucker Company (SJM) opened at 105.15 on Friday. The stock has a market capitalization of $11.93 billion, a PE ratio of 22.09 and a beta of 0.62. J.M. Smucker Company has a 52-week low of $105.04 and a 52-week high of $143.68. The stock has a 50 day moving average price of $119.18 and a 200-day moving average price of $127.41.

J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings results on Thursday, August 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by $0.10. The company 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 net margin of 7.50% and a return on equity of 12.06%. J.M. Smucker Company (The)’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.86 EPS. On average, equities research analysts anticipate that J.M. Smucker Company will post $7.86 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a $0.78 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $3.12 annualized dividend and a dividend yield of 2.97%. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. J.M. Smucker Company (The)’s dividend payout ratio is currently 65.55%.

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SJM has been the subject of several recent research reports. Zacks Investment Research cut J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a research report on Monday, May 8th. Stephens cut J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $165.00 to $125.00 in a research report on Wednesday, July 19th. Credit Suisse Group reiterated 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 report on Friday, May 19th. J P Morgan Chase & Co reiterated 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 report on Wednesday, June 28th. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $128.00 price target (down from $132.00) on shares of J.M. Smucker Company (The) in a research report on Wednesday, May 31st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $126.73.

In other J.M. Smucker Company (The) news, SVP Jill R. Penrose sold 550 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $120.09, for a total value of $66,049.50. Following the transaction, the senior vice president now owns 13,475 shares of the company’s stock, valued at $1,618,212.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Barry C. Dunaway sold 9,433 shares of the company’s stock in a transaction 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 approximately $4,969,995.12. The disclosure for this sale can be found here. Insiders sold 16,030 shares of company stock worth $1,948,195 in the last ninety days. 3.50% of the stock is owned by corporate 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.

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

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