J M Smucker Co (NYSE:SJM) Chairman Richard K. Smucker purchased 20,000 shares of J M Smucker stock in a transaction dated Friday, November 30th. The stock was acquired at an average price of $103.09 per share, for a total transaction of $2,061,800.00. Following the completion of the transaction, the chairman now owns 681,387 shares in the company, valued at approximately $70,244,185.83. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
NYSE:SJM traded down $2.66 during mid-day trading on Friday, hitting $98.17. The stock had a trading volume of 1,417,797 shares, compared to its average volume of 1,479,626. The company has a market cap of $11.47 billion, a PE ratio of 12.33, a P/E/G ratio of 2.12 and a beta of 0.38. J M Smucker Co has a 52 week low of $96.13 and a 52 week high of $133.38. The company has a quick ratio of 0.57, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.
J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Wednesday, November 28th. The company reported $2.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.12). The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.05 billion. J M Smucker had a net margin of 17.59% and a return on equity of 12.03%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.02 earnings per share. As a group, equities analysts anticipate that J M Smucker Co will post 7.99 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Friday, November 16th were paid a dividend of $0.85 per share. The ex-dividend date was Thursday, November 15th. This represents a $3.40 annualized dividend and a yield of 3.46%. J M Smucker’s payout ratio is 42.71%.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. ValuEngine downgraded shares of J M Smucker from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th. Credit Suisse Group upgraded shares of J M Smucker to a “hold” rating and set a $94.00 price target on the stock in a research report on Thursday, November 29th. Morgan Stanley reduced their price target on shares of J M Smucker from $100.00 to $98.00 and set an “underweight” rating on the stock in a research report on Thursday, November 29th. Finally, Jefferies Financial Group set a $125.00 price target on shares of J M Smucker and gave the stock a “buy” rating in a research report on Wednesday, November 28th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $117.33.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in J M Smucker by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 13,334,759 shares of the company’s stock valued at $1,368,280,000 after buying an additional 293,331 shares during the period. Morgan Stanley increased its stake in J M Smucker by 100.2% during the 3rd quarter. Morgan Stanley now owns 842,732 shares of the company’s stock valued at $86,473,000 after buying an additional 421,792 shares during the period. Legal & General Group Plc increased its stake in J M Smucker by 6.7% during the 3rd quarter. Legal & General Group Plc now owns 637,433 shares of the company’s stock valued at $65,399,000 after buying an additional 40,093 shares during the period. Kentucky Retirement Systems acquired a new position in J M Smucker during the 3rd quarter valued at about $899,000. Finally, Banco de Sabadell S.A increased its stake in J M Smucker by 37.7% during the 3rd quarter. Banco de Sabadell S.A now owns 28,769 shares of the company’s stock valued at $2,949,000 after buying an additional 7,877 shares during the period. 79.44% of the stock is currently owned by hedge funds and other institutional investors.
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About J M Smucker
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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