Insider Selling: J. M. Smucker (NYSE:SJM) CFO Sells $403,111.50 in Stock

The J. M. Smucker Company (NYSE:SJM) CFO Tucker Marshall sold 3,630 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total value of $403,111.50. Following the completion of the sale, the chief financial officer owned 38,699 shares in the company, valued at $4,297,523.95. This represents a 8.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

J. M. Smucker Price Performance

SJM opened at $115.55 on Friday. The stock’s 50-day moving average price is $103.45 and its 200 day moving average price is $102.74. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $119.39. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of -88.88, a PEG ratio of 1.61 and a beta of 0.27. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, sell-side analysts expect that The J. M. Smucker Company will post 9.96 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 3.8%. J. M. Smucker’s dividend payout ratio is -338.46%.

Institutional Investors Weigh In On J. M. Smucker

Several institutional investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC raised its holdings in J. M. Smucker by 10.2% during the fourth quarter. Golden State Wealth Management LLC now owns 991 shares of the company’s stock worth $97,000 after purchasing an additional 92 shares in the last quarter. Colonial Trust Advisors boosted its holdings in shares of J. M. Smucker by 7.8% in the 4th quarter. Colonial Trust Advisors now owns 1,303 shares of the company’s stock valued at $127,000 after buying an additional 94 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of J. M. Smucker by 2.1% in the 4th quarter. Harbour Investments Inc. now owns 4,652 shares of the company’s stock valued at $455,000 after buying an additional 97 shares in the last quarter. Delta Asset Management LLC TN grew its position in shares of J. M. Smucker by 7.8% in the 4th quarter. Delta Asset Management LLC TN now owns 1,378 shares of the company’s stock valued at $135,000 after buying an additional 100 shares during the last quarter. Finally, New Mexico Educational Retirement Board grew its position in shares of J. M. Smucker by 2.1% in the 4th quarter. New Mexico Educational Retirement Board now owns 4,922 shares of the company’s stock valued at $481,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. BNP Paribas Exane set a $125.00 price objective on J. M. Smucker in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $95.00 target price on shares of J. M. Smucker in a report on Wednesday, May 20th. Wall Street Zen upgraded J. M. Smucker from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Morgan Stanley increased their price target on J. M. Smucker from $106.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 10th. Finally, Stifel Nicolaus lowered their price objective on J. M. Smucker from $120.00 to $100.00 and set a “hold” rating for the company in a research report on Tuesday, April 21st. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $121.13.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.