Insider Selling: Julia L. Sabin Sells 2,961 Shares of The J.M. Smucker Company Stock (SJM)
The J.M. Smucker Company (NYSE:SJM) VP Julia L. Sabin unloaded 2,961 shares of the stock on the open market in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $104.74, for a total value of $310,135.14. Following the transaction, the vice president now directly owns 9,617 shares in the company, valued at approximately $1,007,285. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SJM has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. upgraded shares of The J.M. Smucker Company from an “underperform” rating to a “market perform” rating in a research note on Monday, June 9th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The J.M. Smucker Company in a research note on Friday, June 6th. They now have a $110.00 price target on the stock. Finally, analysts at RBC Capital reiterated a “positive” rating on shares of The J.M. Smucker Company in a research note on Tuesday, June 3rd. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The J.M. Smucker Company has a consensus rating of “Hold” and an average price target of $109.36.
Shares of The J.M. Smucker Company (NYSE:SJM) traded up 0.26% on Tuesday, hitting $106.10. The stock had a trading volume of 680,873 shares. The J.M. Smucker Company has a 52 week low of $87.10 and a 52 week high of $114.72. The stock has a 50-day moving average of $100.8 and a 200-day moving average of $98.95. The company has a market cap of $10.880 billion and a price-to-earnings ratio of 19.54.
The J.M. Smucker Company (NYSE:SJM) last posted its quarterly earnings results on Thursday, June 5th. The company reported $1.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.16 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company posted $1.29 earnings per share. The J.M. Smucker Company’s revenue was down 7.9% compared to the same quarter last year. Analysts expect that The J.M. Smucker Company will post $6.02 EPS for the current fiscal year.
The J. M. Smucker Company operates principally in the manufacturing and marketing of branded food products.
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