Insider Selling: Jeannette L. Knudsen Sells 1,000 Shares of The J.M. Smucker Company Stock (SJM)
The J.M. Smucker Company (NYSE:SJM) VP Jeannette L. Knudsen sold 1,000 shares of The J.M. Smucker Company stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $106.72, for a total value of $106,720.00. Following the completion of the transaction, the vice president now directly owns 15,539 shares in the company, valued at approximately $1,658,322. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on SJM. Analysts at Credit Suisse reiterated a “neutral” rating on shares of The J.M. Smucker Company in a research note on Thursday. They now have a $111.00 price target on the stock, up previously from $108.00. Separately, 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. Finally, 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. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $110.64.
Shares of The J.M. Smucker Company (NYSE:SJM) traded down 0.13% on Friday, hitting $106.46. 884,158 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’s 50-day moving average is $101.7 and its 200-day moving average is $99.07. The company has a market cap of $10.917 billion and a price-to-earnings ratio of 19.68.
The J.M. Smucker Company (NYSE:SJM) last announced its 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. 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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