Financial Advantage Inc. Buys Shares of 30,440 J.M. Smucker Company (The) (SJM)

Financial Advantage Inc. bought a new stake in shares of J.M. Smucker Company (The) (NYSE:SJM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,440 shares of the company’s stock, valued at approximately $3,601,000. J.M. Smucker Company (The) comprises approximately 3.1% of Financial Advantage Inc.’s portfolio, making the stock its 15th largest holding.

A number of other large investors have also recently bought and sold shares of the stock. Cleararc Capital Inc. lifted its position in J.M. Smucker Company (The) by 0.4% during the first quarter. Cleararc Capital Inc. now owns 2,849 shares of the company’s stock valued at $373,000 after acquiring an additional 11 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. raised its holdings in shares of J.M. Smucker Company (The) by 0.5% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 5,078 shares of the company’s stock worth $666,000 after buying an additional 26 shares during the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of J.M. Smucker Company (The) by 0.4% in the second quarter. 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 last quarter. RiverPoint Capital Management LLC raised its holdings in shares of J.M. Smucker Company (The) by 1.3% in the second quarter. RiverPoint Capital Management LLC now owns 2,310 shares of the company’s stock worth $273,000 after buying an additional 30 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of J.M. Smucker Company (The) by 0.3% in the second quarter. CIBC Asset Management Inc now owns 12,171 shares of the company’s stock worth $1,440,000 after buying an additional 31 shares during the last quarter. 73.46% of the stock is owned by institutional investors.

Shares of J.M. Smucker Company (SJM) traded up 1.59% on Friday, hitting $110.22. 2,234,613 shares of the company traded hands. The company has a market capitalization of $12.52 billion, a PE ratio of 23.15 and a beta of 0.62. The stock’s 50-day moving average price is $114.74 and its 200-day moving average price is $124.14. J.M. Smucker Company has a 12 month low of $103.50 and a 12 month high of $143.68.

J.M. Smucker Company (The) (NYSE:SJM) last issued its earnings results on Thursday, August 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $1.81 billion. During the same quarter in the previous year, the company posted $1.86 EPS. The company’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities analysts predict that J.M. Smucker Company will post $7.74 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were given a $0.78 dividend. This is an increase from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. The ex-dividend date was Wednesday, August 9th. This represents a $3.12 annualized dividend and a yield of 2.83%. J.M. Smucker Company (The)’s dividend payout ratio is 65.55%.

A number of research firms have issued reports on SJM. Morgan Stanley reaffirmed an “underweight” rating and issued a $114.00 price target (down previously from $126.00) on shares of J.M. Smucker Company (The) in a report on Tuesday, July 18th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $131.00 price target (down previously from $135.00) on shares of J.M. Smucker Company (The) in a report on Thursday, July 13th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $135.00 price target (down previously from $137.00) on shares of J.M. Smucker Company (The) in a report on Wednesday, June 28th. Susquehanna Bancshares Inc set a $141.00 price target on shares of J.M. Smucker Company (The) and gave the stock a “hold” rating in a report on Wednesday, June 7th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $126.00 price target on shares of J.M. Smucker Company (The) in a report on Thursday, June 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. J.M. Smucker Company (The) presently has an average rating of “Hold” and a consensus target price of $126.73.

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In related news, insider Steven Oakland sold 6,047 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $122.00, for a total value of $737,734.00. Following the completion of the sale, the insider now owns 47,667 shares in the company, valued at approximately $5,815,374. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 acquired at an average price of $105.40 per share, with a total value of $1,054,000.00. Following the transaction, the insider now owns 652,168 shares in the company, valued at $68,738,507.20. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 11,250 shares of company stock valued at $1,191,453 and sold 16,030 shares valued at $1,948,195. 3.50% of the stock is owned by corporate insiders.

J.M. Smucker Company (The) 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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