J.M. Smucker Company (The) (SJM) Stake Boosted by Boulegeris Investments Inc.

Boulegeris Investments Inc. grew its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) by 37.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,520 shares of the company’s stock after acquiring an additional 3,430 shares during the quarter. J.M. Smucker Company (The) comprises approximately 0.7% of Boulegeris Investments Inc.’s investment portfolio, making the stock its 22nd largest holding. Boulegeris Investments Inc.’s holdings in J.M. Smucker Company (The) were worth $1,314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of J.M. Smucker Company (The) by 7.6% during the second quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock valued at $965,814,000 after acquiring an additional 578,984 shares in the last quarter. Dai Ichi Life Insurance Company Ltd increased its holdings in shares of J.M. Smucker Company (The) by 7.8% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 20,669 shares of the company’s stock valued at $2,446,000 after acquiring an additional 1,500 shares in the last quarter. Aviva PLC increased its holdings in shares of J.M. Smucker Company (The) by 1.3% during the second quarter. Aviva PLC now owns 70,815 shares of the company’s stock valued at $8,380,000 after acquiring an additional 910 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of J.M. Smucker Company (The) during the second quarter valued at about $495,000. Finally, Swiss National Bank increased its holdings in shares of J.M. Smucker Company (The) by 2.6% during the second quarter. Swiss National Bank now owns 534,399 shares of the company’s stock valued at $63,235,000 after acquiring an additional 13,300 shares in the last quarter. Hedge funds and other institutional investors own 72.94% of the company’s stock.

In other news, Director Gary A. Oatey acquired 1,000 shares of J.M. Smucker Company (The) stock in a transaction on Monday, September 11th. The stock was bought at an average price of $107.30 per share, for a total transaction of $107,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard K. Smucker acquired 10,000 shares of J.M. Smucker Company (The) stock in a transaction on Tuesday, August 29th. The stock was purchased at an average price of $105.40 per share, with a total value of $1,054,000.00. Following the purchase, the insider now owns 652,168 shares of the company’s stock, valued at approximately $68,738,507.20. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by insiders.

SJM has been the topic of several recent analyst reports. Citigroup Inc. cut their price objective on shares of J.M. Smucker Company (The) from $155.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, August 25th. Morgan Stanley reiterated a “sell” rating and issued a $108.00 price target (down previously from $114.00) on shares of J.M. Smucker Company (The) in a report on Friday, August 25th. Stephens downgraded shares of J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $165.00 to $125.00 in a report on Wednesday, July 19th. Zacks Investment Research downgraded shares of J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Finally, BidaskClub downgraded shares of J.M. Smucker Company (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. J.M. Smucker Company (The) presently has an average rating of “Hold” and a consensus price target of $125.64.

Shares of J.M. Smucker Company (NYSE:SJM) traded down 0.398% during midday trading on Wednesday, hitting $105.628. 296,298 shares of the stock were exchanged. The company has a market cap of $12.00 billion, a price-to-earnings ratio of 22.186 and a beta of 0.62. J.M. Smucker Company has a one year low of $101.82 and a one year high of $143.68. The firm has a 50 day moving average of $105.49 and a 200-day moving average of $117.22.

J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings data on Thursday, August 24th. The company reported $1.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.10). J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the firm posted $1.86 EPS. J.M. Smucker Company (The)’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities analysts expect that J.M. Smucker Company will post $7.70 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Thursday, November 9th. J.M. Smucker Company (The)’s dividend payout ratio is currently 65.55%.

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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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