Insider Selling: James A. Brown Sells 2,697 Shares of The J.M. Smucker Company Stock (SJM)
The J.M. Smucker Company (NYSE:SJM) VP James A. Brown sold 2,697 shares of The J.M. Smucker Company stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $106.38, for a total value of $286,906.86. Following the completion of the transaction, the vice president now directly owns 8,491 shares in the company, valued at approximately $903,273. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The J.M. Smucker Company currently has an average rating of “Hold” and a consensus price target of $109.36.
The J.M. Smucker Company (NYSE:SJM) traded up 0.50% on Wednesday, hitting $106.63. 589,473 shares of the company’s stock traded hands. The J.M. Smucker Company has a one year low of $87.10 and a one year 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 $10.935 billion and a P/E ratio of 19.59.
The J.M. Smucker Company (NYSE:SJM) last announced its earnings results on Thursday, June 5th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.29 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. On average, analysts predict that The J.M. Smucker Company will post $6.02 earnings per share 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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