Northeast Financial Consultants Inc continued to hold its stake in J.M. Smucker Company (The) (NYSE:SJM) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,000 shares of the company’s stock at the end of the second quarter. Northeast Financial Consultants Inc’s holdings in J.M. Smucker Company (The) were worth $237,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. 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. acquired a new stake in shares of J.M. Smucker Company (The) during the first quarter valued at about $200,000. Schnieders Capital Management LLC acquired a new stake in shares of J.M. Smucker Company (The) during the first quarter valued at about $217,000. Advisory Services Network LLC purchased a new stake in J.M. Smucker Company (The) during the first quarter worth $221,000. Finally, HPM Partners LLC purchased a new stake in J.M. Smucker Company (The) during the first quarter worth $229,000. Institutional investors and hedge funds own 75.47% of the company’s stock.
J.M. Smucker Company (NYSE SJM) traded down 0.356% on Thursday, reaching $121.755. 213,402 shares of the company traded hands. 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 capitalization of $13.81 billion, a PE ratio of 23.874 and a beta of 0.62. The stock has a 50-day moving average of $119.17 and a 200 day moving average of $128.78.
J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings results on Thursday, June 8th. The company reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.08. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.77 billion. J.M. Smucker Company (The) had a net margin of 8.01% and a return on equity of 12.63%. J.M. Smucker Company (The)’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $1.19 EPS. On average, equities analysts forecast that J.M. Smucker Company will post $7.97 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.55%. This is a positive change 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 dividend payout ratio (DPR) is presently 58.82%.
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A number of research firms recently weighed in on SJM. Susquehanna Bancshares Inc set a $141.00 target price on J.M. Smucker Company (The) and gave the stock a “hold” rating in a research report on Wednesday, June 7th. Zacks Investment Research raised J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Credit Suisse Group reissued a “hold” rating and set a $126.00 target price on shares of J.M. Smucker Company (The) in a research report on Thursday, June 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $130.00 price objective on shares of J.M. Smucker Company (The) in a report on Wednesday, April 26th. Finally, Citigroup Inc. decreased their price objective on J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $132.82.
In related news, Director Sandra Pianalto purchased 250 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were purchased at an average price of $120.61 per share, with a total value of $30,152.50. Following the acquisition, the director now directly owns 250 shares in the company, valued at approximately $30,152.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jill R. Penrose sold 550 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $120.09, for a total transaction of $66,049.50. Following the sale, the senior vice president now directly owns 13,475 shares in the company, valued at approximately $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 three months. 3.50% of the stock is currently owned by 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.
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