Conestoga Capital Advisors LLC held its position in J.M. Smucker Company (The) (NYSE:SJM) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,894 shares of the company’s stock at the end of the second quarter. Conestoga Capital Advisors LLC’s holdings in J.M. Smucker Company (The) were worth $579,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Harbour Capital Advisors LLC bought a new position in J.M. Smucker Company (The) during the first quarter valued at $126,000. Fenimore Asset Management Inc. bought a new position in J.M. Smucker Company (The) during the first quarter valued at $200,000. Schnieders Capital Management LLC bought a new position in J.M. Smucker Company (The) during the first quarter valued at $217,000. Advisory Services Network LLC bought a new position in J.M. Smucker Company (The) during the first quarter valued at $221,000. Finally, HPM Partners LLC bought a new position in J.M. Smucker Company (The) during the first quarter valued at $229,000. Institutional investors own 75.09% of the company’s stock.
Shares of J.M. Smucker Company (NYSE SJM) traded down 0.62% on Friday, reaching $121.90. 725,363 shares of the company traded hands. J.M. Smucker Company has a one year low of $114.31 and a one year high of $156.23. The company has a market capitalization of $13.83 billion, a PE ratio of 23.90 and a beta of 0.62. The firm has a 50-day moving average price of $119.57 and a 200 day moving average price of $128.21.
J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 8th. The company reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.08. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.77 billion. J.M. Smucker Company (The) had a net margin of 8.01% and a return on equity of 12.63%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.19 EPS. Equities analysts forecast that J.M. Smucker Company will post $7.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.56%. This is an increase from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, August 9th. J.M. Smucker Company (The)’s payout ratio is currently 61.18%.
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Several research analysts have recently weighed in on SJM shares. Citigroup Inc. reduced their price target on shares of J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, May 9th. Jefferies Group LLC upgraded shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and upped their price target for the company from $130.00 to $140.00 in a report on Friday, July 28th. Stephens cut shares of 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 report on Wednesday, July 19th. Susquehanna Bancshares Inc set a $141.00 price target on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a report on Wednesday, June 7th. Finally, Zacks Investment Research upgraded shares of J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $132.82.
In other news, Director Sandra Pianalto acquired 250 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were purchased at an average cost of $120.61 per share, with a total value of $30,152.50. Following the acquisition, the director now directly owns 250 shares of the company’s stock, valued at $30,152.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jill R. Penrose sold 550 shares of J.M. Smucker Company (The) stock in a transaction 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 transaction, the senior vice president now directly owns 13,475 shares in the company, valued at $1,618,212.75. The disclosure for this sale can be found here. Insiders have sold a total of 16,030 shares of company stock worth $1,948,195 over the last ninety days. Insiders own 3.50% of the company’s stock.
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.
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