J.M. Smucker Company (The) (SJM) Holdings Boosted by HPM Partners LLC

HPM Partners LLC grew its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) by 3,091.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,794 shares of the company’s stock after buying an additional 54,046 shares during the period. HPM Partners LLC’s holdings in J.M. Smucker Company (The) were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of SJM. Strs Ohio boosted its holdings in J.M. Smucker Company (The) by 3.9% during the first quarter. Strs Ohio now owns 15,104 shares of the company’s stock worth $1,979,000 after buying an additional 571 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of J.M. Smucker Company (The) by 7.9% during the 1st quarter. First Trust Advisors LP now owns 331,030 shares of the company’s stock valued at $43,391,000 after purchasing an additional 24,172 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of J.M. Smucker Company (The) by 2.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 61,763 shares of the company’s stock valued at $8,151,000 after purchasing an additional 1,564 shares in the last quarter. US Bancorp DE lifted its holdings in shares of J.M. Smucker Company (The) by 11.0% during the 1st quarter. US Bancorp DE now owns 89,477 shares of the company’s stock valued at $11,730,000 after purchasing an additional 8,863 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its holdings in shares of J.M. Smucker Company (The) by 1.7% during the 1st quarter. Suntrust Banks Inc. now owns 25,970 shares of the company’s stock valued at $3,402,000 after purchasing an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 73.57% of the company’s stock.

Shares of J.M. Smucker Company (SJM) opened at 107.14 on Friday. The company has a market cap of $12.16 billion, a PE ratio of 22.51 and a beta of 0.62. The firm has a 50-day moving average price of $116.49 and a 200 day moving average price of $125.32. J.M. Smucker Company has a 1-year low of $103.50 and a 1-year high of $143.68.

J.M. Smucker Company (The) (NYSE:SJM) last announced its quarterly earnings results on Thursday, August 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by $0.10. The firm 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 return on equity of 12.06% and a net margin of 7.50%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.86 EPS. On average, equities analysts anticipate that J.M. Smucker Company will post $7.74 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were issued a $0.78 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $3.12 annualized dividend and a yield of 2.91%. 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 is presently 65.55%.

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In other J.M. Smucker Company (The) news, insider Steven Oakland sold 6,047 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $122.00, for a total value of $737,734.00. Following the transaction, the insider now owns 47,667 shares in the company, valued at $5,815,374. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sandra Pianalto purchased 250 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was purchased at an average price of $120.61 per share, for a total transaction of $30,152.50. Following the acquisition, the director now owns 250 shares of the company’s stock, valued at approximately $30,152.50. The disclosure for this purchase can be found here. In the last quarter, insiders sold 16,030 shares of company stock worth $1,948,195. Corporate insiders own 3.50% of the company’s stock.

Several equities analysts have recently weighed in on SJM shares. Credit Suisse Group reiterated a “neutral” rating and set a $126.00 price objective (down previously from $138.00) on shares of J.M. Smucker Company (The) in a report on Friday, May 19th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $128.00 price objective (down previously from $132.00) on shares of J.M. Smucker Company (The) in a report on Wednesday, May 31st. Zacks Investment Research upgraded J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. J P Morgan Chase & Co reiterated an “overweight” rating and set a $135.00 price objective (down previously from $137.00) on shares of J.M. Smucker Company (The) in a report on Wednesday, June 28th. Finally, Hilliard Lyons upgraded J.M. Smucker Company (The) from a “neutral” rating to a “long-term buy” rating and set a $140.00 price objective on the stock in a report on Tuesday, July 11th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $126.73.

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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