More notable recent J M Smucker Co (NYSE:SJM) news were published by: Nasdaq.com which released: "Schroder Investment Management Group Buys JM Smucker Co, Laboratory Corp of ..." on August 10, 2017, also Bizjournals.com with their article: "Smucker Co. reinvests in Memphis facility" published on July 26, 2017, Prnewswire.com published: "The JM Smucker Company Announces Dividend Increase" on July 19, 2017. The fund owned 1,778 shares of the company's stock at the end of the second quarter. Moreover, Broadview Advisors Llc has 4.63% invested in the company for 3.41 million shares. Schmidt P J Investment Management Inc. raised its stake in J.M. Smucker Company (The) by 0.5% in the first quarter. State Street Corp increased its stake in J.M. Smucker Company (The) by 2.2% in the first quarter. BlackRock Inc. now owns 7,583,056 shares of the company's stock worth $993,987,000 after buying an additional 7,330,233 shares in the last quarter. This is a boost from J.M. Smucker Company (The)'s previous quarterly dividend of $0.75. Finally, Zacks Investment Research upgraded J.M. Smucker Company (The) from a "sell" rating to a "hold" rating in a research note on Friday, June 2nd. Gateway Investment Advisers LLC now owns 7,168 shares of the company's stock worth $848,000 after buying an additional 26 shares during the period. Finemark Bank & Trust And has invested 0.02% in J M Smucker Co (NYSE:SJM). Wells Fargo & Company MN has an ownership of 3,777,859 company stock worth at $495,201,000 after scooping up an extra 334,989 shares through out the quarter.
J.M. Smucker Company (SJM) traded up 0.46% during trading on Friday, hitting $122.28. The stock had a trading volume of 448,769 shares. J.M. Smucker Company has a 12 month low of $114.31 and a 12 month high of $156.23.
The most current P/E ratio is 23.98 and the market cap is 13.87B. The firm has a 50-day moving average price of $119.21 and a 200-day moving average price of $128.65. Gateway Investment Advisers LLC raised its position in J.M. Smucker Company (The) by 0.4% in the second quarter. J.M. Smucker Company (The)'s revenue was down 1.3% on a year-over-year basis. J.M. Smucker Company (The) had a net margin of 8.01% and a return on equity of 12.63%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.77 billion. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.72 by $0.08. Deutsche Bank maintained J M Smucker Co (NYSE:SJM) rating on Friday, June 10. On average, analysts anticipate that J.M. Smucker Company will post $7.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors with a record date on early Fri, Aug 11th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Wednesday, August 9th. This is a positive change from J.M. Smucker Company (The)'s previous quarterly dividend of $0.75.
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.
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Several research analysts recently issued reports on the company.
WARNING: "Moller Financial Services Maintains Position in J.M. Smucker Company (The) (SJM)" was posted by Rincon Hill News and is owned by of Rincon Hill News. J P Morgan Chase & Co reiterated an "overweight" rating and issued a $135.00 price objective (down previously from $137.00) on shares of J.M. Smucker Company (The) in a research note on Wednesday, June 28th. Jefferies Group LLC reaffirmed a "hold" rating and set a $130.00 target price on shares of J.M. Smucker Company (The) in a research report on Wednesday, April 26th. They noted that the move was a valuation call. Finally, Credit Suisse Group restated a "neutral" rating and issued a $126.00 price target (down from $138.00) on shares of J.M. Smucker Company (The) in a research report on Friday, May 19th. J.M. Smucker Company (The) presently has an average rating of "Hold" and a consensus price target of $132.82.
In other news, Director Sandra Pianalto bought 250 shares of J.M. Smucker Company (The) stock in a transaction dated Tuesday, June 27th. The total value of its holdings increased 216.9%. Following the sale, the senior vice president now owns 13,475 shares of the company's stock, valued at $1,618,212.75. 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 that occurred on Wednesday, June 28th. The stock was sold at an average price of $121.32, for a total value of $1,144,411.56. Following the purchase, the director now owns 250 shares in the company, valued at $30,152.50.
Since February 24, 2017, it had 1 insider purchase, and 1 insider sale for $301,725 activity. Insiders have sold a total of 16,030 shares of company stock worth $1,948,195 in the last three months.
The Company's USA retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.