Trust Co. of Vermont Lowers Holdings in The J. M. Smucker Company (NYSE:SJM)

Trust Co. of Vermont decreased its stake in shares of The J. M. Smucker Company (NYSE:SJM) by 8.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,680 shares of the company’s stock after selling 258 shares during the quarter. Trust Co. of Vermont’s holdings in J. M. Smucker were worth $292,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. increased its stake in shares of J. M. Smucker by 8.4% during the second quarter. Mather Group LLC. now owns 2,583 shares of the company’s stock worth $282,000 after acquiring an additional 200 shares during the period. Douglas Lane & Associates LLC increased its position in J. M. Smucker by 8.7% during the 2nd quarter. Douglas Lane & Associates LLC now owns 246,977 shares of the company’s stock worth $26,930,000 after purchasing an additional 19,787 shares in the last quarter. DNB Asset Management AS grew its stake in shares of J. M. Smucker by 5.4% in the second quarter. DNB Asset Management AS now owns 22,476 shares of the company’s stock valued at $2,451,000 after buying an additional 1,159 shares in the last quarter. GAMMA Investing LLC boosted its position in J. M. Smucker by 81.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,567 shares of the company’s stock valued at $280,000 after buying an additional 1,151 shares during the last quarter. Finally, Railway Pension Investments Ltd boosted its stake in shares of J. M. Smucker by 2.9% during the 1st quarter. Railway Pension Investments Ltd now owns 262,800 shares of the company’s stock valued at $33,079,000 after buying an additional 7,300 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Trading Up 1.7 %

Shares of SJM stock traded up $2.03 on Wednesday, hitting $120.94. The company had a trading volume of 136,169 shares, compared to its average volume of 1,245,276. The J. M. Smucker Company has a twelve month low of $105.69 and a twelve month high of $149.70. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.52. The stock’s 50-day moving average is $113.32 and its two-hundred day moving average is $118.02. The firm has a market cap of $12.84 billion, a P/E ratio of 16.99, a P/E/G ratio of 2.45 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, June 6th. The company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.34. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the firm posted $2.64 EPS. J. M. Smucker’s revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that The J. M. Smucker Company will post 10.06 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Friday, August 16th. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s dividend payout ratio (DPR) is 59.55%.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the sale, the chief executive officer now owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SJM shares. DA Davidson lowered their price target on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, June 10th. Citigroup upped their price target on shares of J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. TD Cowen lowered their price target on J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Barclays reduced their price objective on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a research report on Monday, June 10th. Finally, Argus reduced their price objective on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $132.64.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.