Insider Selling: Dennis J. Armstrong Unloads 4,000 Shares of The J.M. Smucker Company Stock (SJM)
The J.M. Smucker Company (NYSE:SJM) SVP Dennis J. Armstrong sold 4,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $106.35, for a total value of $425,400.00. Following the sale, the senior vice president now directly owns 22,718 shares of the company’s stock, valued at approximately $2,416,059. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
The J.M. Smucker Company (NYSE:SJM) traded up 0.50% on Wednesday, hitting $106.63. The stock had a trading volume of 589,473 shares. The J.M. Smucker Company has a one year low of $87.10 and a one year high of $114.72. The stock’s 50-day moving average is $100.8 and its 200-day moving average is $98.95. The company has a market cap of $10.935 billion and a price-to-earnings ratio of 19.59.
The J.M. Smucker Company (NYSE:SJM) last released its earnings data 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. On average, analysts predict that The J.M. Smucker Company will post $6.02 earnings per share for the current fiscal year.
A number of research firms have recently commented on SJM. 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $109.36.
The J. M. Smucker Company operates principally in the manufacturing and marketing of branded food products.
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