Insider Selling: The J.M. Smucker Company CFO Sells 5,000 Shares of Stock (SJM)
The J.M. Smucker Company (NYSE:SJM) CFO Mark R. Belgya sold 5,000 shares of The J.M. Smucker Company stock on the open market in a transaction dated Thursday, June 19th. The stock was sold at an average price of $105.69, for a total transaction of $528,450.00. Following the completion of the sale, the chief financial officer now directly owns 48,156 shares in the company, valued at approximately $5,089,608. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of The J.M. Smucker Company (NYSE:SJM) traded down 0.13% on Friday, hitting $106.46. The stock had a trading volume of 884,158 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 $101.7 and a 200-day moving average of $99.07. The company has a market cap of $10.917 billion and a P/E ratio of 19.68.
The J.M. Smucker Company (NYSE:SJM) last issued its quarterly earnings data 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.
Several analysts have recently commented on the stock. 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 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 presently has a consensus rating of “Hold” and an average target price of $110.64.
The J. M. Smucker Company operates principally in the manufacturing and marketing of branded food products.
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