WFG Advisors LP decreased its position in shares of J.M. Smucker Company (The) (NYSE:SJM) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,558 shares of the company’s stock after selling 344 shares during the period. WFG Advisors LP’s holdings in J.M. Smucker Company (The) were worth $860,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Advantage Investment Management LLC acquired a new stake in J.M. Smucker Company (The) during the fourth quarter valued at approximately $127,000. Sowell Financial Services LLC acquired a new stake in J.M. Smucker Company (The) during the fourth quarter valued at approximately $147,000. Fenimore Asset Management Inc. acquired a new stake in J.M. Smucker Company (The) during the first quarter valued at approximately $200,000. Schnieders Capital Management LLC acquired a new stake in J.M. Smucker Company (The) during the first quarter valued at approximately $217,000. Finally, Advisory Services Network LLC acquired a new stake in J.M. Smucker Company (The) during the first quarter valued at approximately $221,000. 73.76% of the stock is currently owned by hedge funds and other institutional investors.

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

J.M. Smucker Company (NYSE SJM) opened at 124.72 on Friday. The firm has a 50-day moving average of $127.03 and a 200 day moving average of $131.37. The stock has a market capitalization of $14.25 billion, a PE ratio of 24.45 and a beta of 0.58. J.M. Smucker Company has a one year low of $122.05 and a one year high of $157.31.

J.M. Smucker Company (The) (NYSE:SJM) last released its earnings results on Thursday, June 8th. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the business earned $1.19 EPS. On average, equities research analysts anticipate that J.M. Smucker Company will post $7.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Wednesday, May 10th. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is presently 58.82%.

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Several equities research analysts recently commented on the stock. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $128.00 price objective (down previously from $132.00) on shares of J.M. Smucker Company (The) in a research note on Wednesday, May 31st. Credit Suisse Group reissued a “hold” rating and set a $126.00 price objective on shares of J.M. Smucker Company (The) in a research note on Thursday, June 1st. Jefferies Group LLC reissued a “hold” rating and set a $130.00 price objective on shares of J.M. Smucker Company (The) in a research note on Wednesday, April 26th. Citigroup Inc. dropped their price objective on shares of J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. Finally, Zacks Investment Research raised shares of J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $134.20.

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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