J. M. Smucker (NYSE:SJM) Insider Jeannette Knudsen Sells 4,353 Shares of Stock

The J. M. Smucker Company (NYSE:SJM) insider Jeannette Knudsen sold 4,353 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $115.08, for a total transaction of $500,943.24. Following the completion of the sale, the insider owned 16,835 shares of the company’s stock, valued at $1,937,371.80. This trade represents a 20.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

J. M. Smucker Trading Up 0.1%

Shares of J. M. Smucker stock opened at $115.78 on Tuesday. The J. M. Smucker Company has a 52-week low of $88.25 and a 52-week high of $119.39. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15. The company’s 50-day simple moving average is $103.89 and its 200-day simple moving average is $102.87. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of -89.06, a price-to-earnings-growth ratio of 1.61 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.13. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, May 15th. J. M. Smucker’s dividend payout ratio (DPR) is currently -338.46%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SJM. Royal Bank Of Canada upped their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Evercore began coverage on J. M. Smucker in a report on Friday, May 15th. They issued an “outperform” rating and a $117.00 target price for the company. Stifel Nicolaus decreased their target price on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, April 21st. Weiss Ratings raised shares of J. M. Smucker from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Finally, Barclays increased their price target on shares of J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, June 11th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $121.13.

Institutional Trading of J. M. Smucker

Several large investors have recently modified their holdings of SJM. Aquatic Capital Management LLC acquired a new stake in shares of J. M. Smucker during the 3rd quarter worth about $9,444,000. Neo Ivy Capital Management acquired a new position in shares of J. M. Smucker in the third quarter valued at approximately $997,000. Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $1,406,000. Dorato Capital Management purchased a new position in shares of J. M. Smucker during the fourth quarter valued at approximately $1,682,000. Finally, Stance Capital LLC lifted its stake in shares of J. M. Smucker by 371.5% during the third quarter. Stance Capital LLC now owns 35,471 shares of the company’s stock valued at $3,852,000 after buying an additional 27,948 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Company Profile

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.