Lucus Advisors LLC Invests $409,000 in J.M. Smucker Company (The) (NYSE:SJM)

Lucus Advisors LLC bought a new stake in J.M. Smucker Company (The) (NYSE:SJM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,123 shares of the company’s stock, valued at approximately $409,000.

A number of other large investors have also made changes to their positions in SJM. Dynamic Capital Management Ltd purchased a new position in shares of J.M. Smucker Company (The) during the first quarter valued at $7,409,000. Champlain Investment Partners LLC boosted its position in shares of J.M. Smucker Company (The) by 8.6% in the first quarter. Champlain Investment Partners LLC now owns 608,810 shares of the company’s stock valued at $79,803,000 after buying an additional 48,010 shares during the last quarter. Kernodle & Katon Asset Management Group LLC purchased a new position in shares of J.M. Smucker Company (The) during the first quarter valued at $1,269,000. Amalgamated Bank boosted its position in shares of J.M. Smucker Company (The) by 6.1% in the first quarter. Amalgamated Bank now owns 8,145 shares of the company’s stock valued at $1,068,000 after buying an additional 468 shares during the last quarter. Finally, United Capital Financial Advisers LLC boosted its position in shares of J.M. Smucker Company (The) by 5.3% in the first quarter. United Capital Financial Advisers LLC now owns 102,598 shares of the company’s stock valued at $13,449,000 after buying an additional 5,177 shares during the last quarter. 75.01% of the stock is currently owned by institutional investors.

J.M. Smucker Company (NYSE SJM) traded up 0.24% on Friday, reaching $122.42. 758,937 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $120.22 and a 200-day moving average price of $129.36. J.M. Smucker Company has a 1-year low of $114.31 and a 1-year high of $157.31. The company has a market capitalization of $13.89 billion, a PE ratio of 24.00 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings results on Thursday, June 8th. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.77 billion. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the company earned $1.19 EPS. On average, equities research analysts anticipate that J.M. Smucker Company will post $7.97 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be paid a $0.78 dividend. This is a positive change from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. 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. J.M. Smucker Company (The)’s payout ratio is currently 58.82%.

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SJM has been the topic of several recent research reports. Morgan Stanley cut shares of J.M. Smucker Company (The) from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $132.00 to $126.00 in a research report on Monday, April 10th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $132.00 price target (down previously from $135.00) on shares of J.M. Smucker Company (The) in a research report on Tuesday, April 25th. Jefferies Group LLC reissued a “hold” rating and set a $130.00 price target on shares of J.M. Smucker Company (The) in a research report on Wednesday, April 26th. Zacks Investment Research cut shares of J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a research report on Monday, May 8th. Finally, Citigroup Inc. lowered their price target 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 report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $132.82.

In related news, Director Sandra Pianalto bought 250 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were acquired at an average cost of $120.61 per share, for a total transaction of $30,152.50. Following the acquisition, the director now owns 250 shares in the company, valued at approximately $30,152.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jill R. Penrose sold 550 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $120.09, for a total value of $66,049.50. Following the sale, the senior vice president now owns 13,475 shares in the company, valued at $1,618,212.75. The disclosure for this sale can be found here. Insiders sold a total of 16,030 shares of company stock worth $1,948,195 over the last ninety days. Corporate insiders own 3.50% of the company’s stock.

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.

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

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