J.M. Smucker Company (The) (SJM) Shares Bought by HPM Partners LLC

HPM Partners LLC lifted its stake in J.M. Smucker Company (The) (NYSE:SJM) by 3,091.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,794 shares of the company’s stock after acquiring 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 hedge funds have also added to or reduced their stakes in SJM. Harbour Capital Advisors LLC acquired a new position in J.M. Smucker Company (The) in the 1st quarter valued at approximately $126,000. Independence Advisors LLC acquired a new position in J.M. Smucker Company (The) in the 2nd quarter valued at approximately $232,000. Paradigm Asset Management Co. LLC increased its stake in J.M. Smucker Company (The) by 4.5% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after buying an additional 50 shares during the period. Schnieders Capital Management LLC acquired a new position in J.M. Smucker Company (The) in the 1st quarter valued at approximately $217,000. Finally, Allegis Investment Advisors LLC acquired a new position in J.M. Smucker Company (The) in the 2nd quarter valued at approximately $205,000. 73.46% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently commented on the stock. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $128.00 target price (down from $132.00) on shares of J.M. Smucker Company (The) in a research note on Wednesday, May 31st. Citigroup Inc. reduced their price target on shares of J.M. Smucker Company (The) from $155.00 to $133.00 and set a “buy” rating for the company in a report on Friday, August 25th. Deutsche Bank AG reissued a “hold” rating and issued a $131.00 price target (down from $135.00) on shares of J.M. Smucker Company (The) in a report on Thursday, July 13th. Jefferies Group LLC raised shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and increased their price target for the company from $130.00 to $140.00 in a report on Friday, July 28th. 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, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $126.73.

Shares of J.M. Smucker Company (NYSE SJM) traded up 1.59% during mid-day trading on Friday, hitting $110.22. 2,234,613 shares of the stock were exchanged. J.M. Smucker Company has a 12-month low of $103.50 and a 12-month high of $143.68. The stock’s 50 day moving average price is $114.74 and its 200-day moving average price is $124.14. The stock has a market capitalization of $12.52 billion, a P/E ratio of 23.15 and a beta of 0.62.

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 analysts’ consensus estimates of $1.61 by ($0.10). The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.86 earnings per share. On average, equities research analysts expect that J.M. Smucker Company will post $7.74 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were issued a dividend of $0.78 per share. This is an increase from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Wednesday, August 9th. J.M. Smucker Company (The)’s dividend payout ratio is presently 65.55%.

In other news, insider Steven Oakland sold 6,047 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was 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 of the company’s stock, valued at $5,815,374. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sandra Pianalto bought 250 shares of the stock in a transaction on Tuesday, June 27th. The stock was purchased at an average cost 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. Over the last ninety days, insiders have bought 11,250 shares of company stock worth $1,191,453 and have sold 16,030 shares worth $1,948,195. Corporate insiders own 3.50% of the company’s stock.

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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.

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

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