Page Arthur B Has $1.39 Million Position in J.M. Smucker Company (The) (SJM)

Page Arthur B boosted its position in shares of J.M. Smucker Company (The) (NYSE:SJM) by 20.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,753 shares of the company’s stock after buying an additional 1,955 shares during the period. Page Arthur B’s holdings in J.M. Smucker Company (The) were worth $1,391,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Harbour Capital Advisors LLC bought a new position in shares of J.M. Smucker Company (The) during the first quarter worth about $126,000. Fenimore Asset Management Inc. bought a new position in shares of J.M. Smucker Company (The) during the first quarter worth about $200,000. Schnieders Capital Management LLC bought a new position in shares of J.M. Smucker Company (The) during the first quarter worth about $217,000. Advisory Services Network LLC bought a new position in shares of J.M. Smucker Company (The) during the first quarter worth about $221,000. Finally, HPM Partners LLC bought a new position in shares of J.M. Smucker Company (The) during the first quarter worth about $229,000. 75.09% of the stock is currently owned by institutional investors and hedge funds.

J.M. Smucker Company (NYSE:SJM) traded down 0.62% on Friday, reaching $121.90. 725,363 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $119.57 and its 200 day moving average is $128.21. J.M. Smucker Company has a 52 week low of $114.31 and a 52 week high of $156.23. The company has a market cap of $13.83 billion, a price-to-earnings ratio of 23.90 and a beta of 0.62.

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 for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.08. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the company earned $1.19 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities analysts anticipate that J.M. Smucker Company will post $7.97 earnings per share for the current year.

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

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A number of brokerages recently issued reports on SJM. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $128.00 target price (down previously from $132.00) on shares of J.M. Smucker Company (The) in a research report on Wednesday, May 31st. Jefferies Group LLC reissued a “hold” rating and issued a $130.00 price target on shares of J.M. Smucker Company (The) in a report on Wednesday, April 26th. Zacks Investment Research lowered shares of J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a report on Monday, May 8th. Deutsche Bank AG reissued 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. Finally, Credit Suisse Group reissued a “hold” rating and issued a $126.00 price target on shares of J.M. Smucker Company (The) in a report on Thursday, June 1st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. J.M. Smucker Company (The) currently has an average rating of “Hold” and a consensus price target of $132.82.

In related news, 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 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 that occurred on Thursday, June 22nd. The shares were sold at an average price of $122.00, for a total value of $737,734.00. Following the transaction, the insider now directly owns 47,667 shares of the company’s stock, valued at approximately $5,815,374. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,030 shares of company stock valued at $1,948,195. 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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