Dempze Nancy E Buys 1,563 Shares of J.M. Smucker Company (The) (SJM)

Dempze Nancy E raised its stake in shares of J.M. Smucker Company (The) (NYSE:SJM) by 19.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,588 shares of the company’s stock after purchasing an additional 1,563 shares during the period. J.M. Smucker Company (The) accounts for about 1.4% of Dempze Nancy E’s portfolio, making the stock its 26th biggest position. Dempze Nancy E’s holdings in J.M. Smucker Company (The) were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of SJM. Thrivent Financial For Lutherans grew its stake in shares of J.M. Smucker Company (The) by 5.3% during the first quarter. Thrivent Financial For Lutherans now owns 4,561 shares of the company’s stock valued at $598,000 after buying an additional 230 shares during the last quarter. New York State Teachers Retirement System grew its stake in shares of J.M. Smucker Company (The) by 0.7% during the first quarter. New York State Teachers Retirement System now owns 190,185 shares of the company’s stock valued at $24,929,000 after buying an additional 1,299 shares during the last quarter. BlackRock Inc. grew its stake in shares of J.M. Smucker Company (The) by 2,899.4% during the first quarter. BlackRock Inc. now owns 7,583,056 shares of the company’s stock valued at $993,987,000 after buying an additional 7,330,233 shares during the last quarter. Hamilton Point Investment Advisors LLC grew its stake in shares of J.M. Smucker Company (The) by 1.9% during the first quarter. Hamilton Point Investment Advisors LLC now owns 25,937 shares of the company’s stock valued at $3,400,000 after buying an additional 490 shares during the last quarter. Finally, KCG Holdings Inc. grew its stake in shares of J.M. Smucker Company (The) by 8.5% during the first quarter. KCG Holdings Inc. now owns 20,165 shares of the company’s stock valued at $2,643,000 after buying an additional 1,583 shares during the last quarter. Institutional investors and hedge funds own 72.94% of the company’s stock.

Shares of J.M. Smucker Company (NYSE SJM) traded up 2.28% during mid-day trading on Tuesday, hitting $104.23. The stock had a trading volume of 537,494 shares. The firm has a market cap of $11.84 billion, a PE ratio of 21.89 and a beta of 0.62. The stock’s 50-day moving average is $105.52 and its 200 day moving average is $117.30. J.M. Smucker Company has a 12 month low of $101.82 and a 12 month high of $143.68.

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 for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the firm earned $1.86 earnings per share. J.M. Smucker Company (The)’s revenue was down 3.7% on a year-over-year basis. Equities research analysts predict that J.M. Smucker Company will post $7.70 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a $0.78 dividend. The ex-dividend date is Thursday, November 9th. This represents a $3.12 dividend on an annualized basis and a yield of 3.06%. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is presently 65.55%.

A number of research firms have recently commented on SJM. Jefferies Group LLC cut their target price on J.M. Smucker Company (The) from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday. Zacks Investment Research raised J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Morgan Stanley set a $106.00 price objective on J.M. Smucker Company (The) and gave the stock a “sell” rating in a research note on Friday, October 13th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of J.M. Smucker Company (The) in a research note on Wednesday, October 4th. Finally, BidaskClub cut J.M. Smucker Company (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. J.M. Smucker Company (The) presently has a consensus rating of “Hold” and a consensus price target of $125.64.

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

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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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