Pennsylvania Trust Co Increases Position in J.M. Smucker Co. (SJM)

Pennsylvania Trust Co increased its position in shares of J.M. Smucker Co. (NYSE:SJM) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,330 shares of the company’s stock after buying an additional 103 shares during the period. Pennsylvania Trust Co owned 0.05% of J.M. Smucker worth $8,177,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Harwood Advisory Group LLC raised its stake in J.M. Smucker by 20.4% in the third quarter. Harwood Advisory Group LLC now owns 10,637 shares of the company’s stock valued at $1,442,000 after buying an additional 1,800 shares during the last quarter. National Pension Service raised its stake in J.M. Smucker by 8.2% in the third quarter. National Pension Service now owns 98,900 shares of the company’s stock valued at $13,405,000 after buying an additional 7,526 shares during the last quarter. MSI Financial Services Inc raised its stake in J.M. Smucker by 20.5% in the third quarter. MSI Financial Services Inc now owns 6,741 shares of the company’s stock valued at $914,000 after buying an additional 1,146 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in J.M. Smucker by 3.0% in the third quarter. Gulf International Bank UK Ltd now owns 34,856 shares of the company’s stock valued at $4,724,000 after buying an additional 1,000 shares during the last quarter. Finally, Toth Financial Advisory Corp raised its stake in J.M. Smucker by 1.9% in the third quarter. Toth Financial Advisory Corp now owns 11,349 shares of the company’s stock valued at $1,538,000 after buying an additional 210 shares during the last quarter. 74.90% of the stock is owned by institutional investors.

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

J.M. Smucker Co. (NYSE:SJM) traded up 0.31% during mid-day trading on Tuesday, reaching $127.39. 264,540 shares of the company were exchanged. The company’s 50 day moving average price is $129.95 and its 200-day moving average price is $139.67. J.M. Smucker Co. has a 12-month low of $117.36 and a 12-month high of $157.31. The stock has a market capitalization of $14.83 billion, a price-to-earnings ratio of 20.77 and a beta of 0.56.

J.M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, November 17th. The company reported $2.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.12. J.M. Smucker had a net margin of 9.63% and a return on equity of 12.41%. The business earned $1.91 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. The firm’s revenue was down 7.9% on a year-over-year basis. On average, equities research analysts forecast that J.M. Smucker Co. will post $7.69 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 11th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Tuesday, November 8th. J.M. Smucker’s dividend payout ratio is currently 48.86%.

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Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of J.M. Smucker from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Deutsche Bank AG set a $165.00 target price on shares of J.M. Smucker and gave the stock a “buy” rating in a report on Thursday, August 18th. Credit Suisse Group AG reiterated a “buy” rating and issued a $158.00 target price on shares of J.M. Smucker in a report on Wednesday, August 24th. Morgan Stanley reiterated a “hold” rating and issued a $142.00 target price on shares of J.M. Smucker in a report on Wednesday, August 24th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of J.M. Smucker in a report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. J.M. Smucker has a consensus rating of “Hold” and a consensus target price of $144.60.

About J.M. Smucker

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.

5 Day Chart for NYSE:SJM

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