Coastline Trust Co Sells 30 Shares of J.M. Smucker Company (The) (SJM)

Coastline Trust Co cut its holdings 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 Securities and Exchange Commission (SEC). The firm owned 2,570 shares of the company’s stock after selling 30 shares during the period. Coastline Trust Co’s holdings in J.M. Smucker Company (The) were worth $305,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SJM. Harbour Capital Advisors LLC purchased a new stake in J.M. Smucker Company (The) during the first quarter worth about $126,000. Paradigm Asset Management Co. LLC increased its stake in shares of J.M. Smucker Company (The) by 4.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock worth $136,000 after buying an additional 50 shares during the period. Allegis Investment Advisors LLC purchased a new stake in shares of J.M. Smucker Company (The) during the second quarter worth approximately $205,000. First National Trust Co. purchased a new stake in shares of J.M. Smucker Company (The) during the second quarter worth approximately $215,000. Finally, Schnieders Capital Management LLC purchased a new stake in shares of J.M. Smucker Company (The) during the first quarter worth approximately $217,000. Institutional investors own 73.46% of the company’s stock.

In other J.M. Smucker Company (The) news, insider Richard K. Smucker acquired 10,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were bought at an average cost of $105.40 per share, for a total transaction of $1,054,000.00. Following the acquisition, the insider now directly owns 652,168 shares of the company’s stock, valued at $68,738,507.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven Oakland sold 6,047 shares of J.M. Smucker Company (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 sale, the insider now owns 47,667 shares in the company, valued at $5,815,374. 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 90 days. 3.50% of the stock is owned by company insiders.

A number of analysts recently weighed in on the stock. Susquehanna Bancshares Inc set a $141.00 target price on shares of J.M. Smucker Company (The) and gave the stock a “hold” rating in a research note on Wednesday, June 7th. Zacks Investment Research upgraded shares of J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Credit Suisse Group restated a “hold” rating and set a $126.00 target price on shares of J.M. Smucker Company (The) in a research note on Thursday, June 1st. BidaskClub upgraded shares of J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Jefferies Group LLC upgraded shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and upped their target price for the stock from $130.00 to $140.00 in a research note on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $126.73.

J.M. Smucker Company (NYSE:SJM) opened at 107.75 on Wednesday. The company has a 50-day moving average price of $116.17 and a 200-day moving average price of $124.85. J.M. Smucker Company has a one year low of $103.50 and a one year high of $143.68. The firm has a market capitalization of $12.24 billion, a P/E ratio of 22.63 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last announced its earnings results on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.10). The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.81 billion. J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.86 earnings per share. On average, equities research analysts anticipate that J.M. Smucker Company will post $7.74 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were issued a dividend of $0.78 per share. The ex-dividend date was Wednesday, August 9th. This is an increase from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 annualized dividend and a yield of 2.90%. J.M. Smucker Company (The)’s payout ratio is currently 65.55%.

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

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