Insider Selling: J. M. Smucker (NYSE:SJM) Insider Sells $500,943.24 in Stock

The J. M. Smucker Company (NYSE:SJM) insider Jeannette Knudsen sold 4,353 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $115.08, for a total transaction of $500,943.24. Following the completion of the sale, the insider directly owned 16,835 shares in the company, valued at approximately $1,937,371.80. The trade was a 20.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

J. M. Smucker Stock Up 2.0%

Shares of SJM opened at $114.75 on Thursday. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of -88.27, a P/E/G ratio of 1.57 and a beta of 0.26. 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 J. M. Smucker Company has a 12 month low of $88.25 and a 12 month high of $119.39. The company has a 50-day moving average price of $104.61 and a two-hundred day moving average price of $103.06.

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

J. M. Smucker Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of J. M. Smucker from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Royal Bank Of Canada boosted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. TD Cowen upped their price objective on shares of J. M. Smucker from $103.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, June 10th. Barclays raised their price objective on shares of J. M. Smucker from $103.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, June 11th. Finally, Bank of America lifted their target price on shares of J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $121.13.

Hedge Funds Weigh In On J. M. Smucker

A number of large investors have recently modified their holdings of the stock. Garton & Associates Financial Advisors LLC bought a new stake in shares of J. M. Smucker during the fourth quarter valued at approximately $25,000. CYBER HORNET ETFs LLC bought a new position in J. M. Smucker in the 2nd quarter worth approximately $27,000. Fideuram Asset Management Ireland dac acquired a new position in J. M. Smucker during the 4th quarter worth $32,000. MCF Advisors LLC boosted its position in J. M. Smucker by 68.1% in the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after buying an additional 126 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in J. M. Smucker in the 2nd quarter valued at $31,000. 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.