J. M. Smucker (NYSE:SJM) Insider Sells $583,450.00 in Stock

The J. M. Smucker Company (NYSE:SJM) insider Jill Penrose sold 5,000 shares of J. M. Smucker stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $116.69, for a total transaction of $583,450.00. Following the sale, the insider directly owned 15,795 shares in the company, valued at $1,843,118.55. The trade was a 24.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

J. M. Smucker Price Performance

SJM stock opened at $116.32 on Friday. The J. M. Smucker Company has a 1 year low of $88.25 and a 1 year high of $119.39. The company has a market cap of $12.41 billion, a P/E ratio of -89.48, a PEG ratio of 1.60 and a beta of 0.26. The firm has a 50-day moving average of $105.02 and a 200 day moving average of $103.16. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33.

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

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.40 annualized dividend and a yield of 3.8%. J. M. Smucker’s dividend payout ratio (DPR) is currently -338.46%.

Analyst Ratings Changes

SJM has been the subject of several research reports. Wells Fargo & Company set a $115.00 price target on shares of J. M. Smucker in a research note on Wednesday, June 10th. Sanford C. Bernstein reissued an “outperform” rating and set a $137.00 price objective on shares of J. M. Smucker in a research note on Wednesday, June 10th. Evercore initiated coverage on shares of J. M. Smucker in a report on Friday, May 15th. They issued an “outperform” rating and a $117.00 price objective on the stock. TD Cowen raised their target price on shares of J. M. Smucker from $103.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, June 10th. Finally, Barclays lifted their target price 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 investment 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. Based on data from MarketBeat, J. M. Smucker has a consensus rating of “Hold” and an average price target of $121.13.

Hedge Funds Weigh In On J. M. Smucker

Large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in J. M. Smucker by 10.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock valued at $2,286,000 after purchasing an additional 1,763 shares in the last quarter. United Services Automobile Association bought a new position in shares of J. M. Smucker in the first quarter worth approximately $253,000. Empowered Funds LLC grew its holdings in shares of J. M. Smucker by 28.6% during the first quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock valued at $1,538,000 after buying an additional 2,889 shares during the last quarter. Woodline Partners LP grew its holdings in shares of J. M. Smucker by 40.7% during the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after buying an additional 2,600 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of J. M. Smucker by 6.7% during the second quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock valued at $217,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

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.