J.M. Smucker Company (The) (NYSE:SJM) Stake Maintained by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC held its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,730 shares of the company’s stock at the end of the second quarter. Baker Ellis Asset Management LLC’s holdings in J.M. Smucker Company (The) were worth $323,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake 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 during the last quarter. FMR LLC raised 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 during the period. Vanguard Group Inc. raised 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 during the period. Seizert Capital Partners LLC acquired a new position in shares of J.M. Smucker Company (The) during the first quarter valued at about $50,982,000. Finally, Bahl & Gaynor Inc. raised 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 during the period. 75.09% of the stock is currently owned by institutional investors.

Shares of J.M. Smucker Company (NYSE SJM) traded down 0.62% during trading on Friday, hitting $121.90. The stock had a trading volume of 725,363 shares. The stock has a market cap of $13.83 billion, a P/E ratio of 23.90 and a beta of 0.62. J.M. Smucker Company has a one year low of $114.31 and a one year high of $156.23. The stock’s 50 day moving average price is $119.57 and its 200-day moving average price is $128.21.

J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings data on Thursday, June 8th. The company reported $1.80 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the company earned $1.19 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Analysts expect that J.M. Smucker Company will post $7.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a dividend of $0.78 per share. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $3.12 annualized dividend and a yield of 2.56%. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is presently 61.18%.

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Several research analysts have issued reports on the company. BidaskClub upgraded J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th. Jefferies Group LLC upgraded J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and boosted their target price for the company from $130.00 to $140.00 in a research report on Friday, July 28th. Stephens lowered J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $165.00 to $125.00 in a report on Wednesday, July 19th. Morgan Stanley reiterated an “underweight” rating and issued a $114.00 price target (down previously from $126.00) on shares of J.M. Smucker Company (The) in a report on Tuesday, July 18th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $131.00 price target (down previously from $135.00) on shares of J.M. Smucker Company (The) in a report on Thursday, July 13th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $132.82.

In other J.M. Smucker Company (The) news, SVP Jill R. Penrose sold 550 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $120.09, for a total transaction of $66,049.50. Following the transaction, the senior vice president now owns 13,475 shares of the company’s stock, valued at approximately $1,618,212.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven Oakland sold 6,047 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $122.00, for a total transaction of $737,734.00. Following the transaction, the insider now directly owns 47,667 shares in the company, valued at approximately $5,815,374. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,030 shares of company stock worth $1,948,195. 3.50% of the stock is owned by corporate 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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