J. M. Smucker (NYSE:SJM) CFO Tucker Marshall Sells 3,630 Shares

The J. M. Smucker Company (NYSE:SJM) CFO Tucker Marshall sold 3,630 shares of the 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 sale, the chief financial officer owned 38,699 shares in the company, valued at approximately $4,297,523.95. This represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

J. M. Smucker Stock Up 0.6%

Shares of J. M. Smucker stock traded up $0.67 on Thursday, reaching $112.30. The company’s stock had a trading volume of 1,276,283 shares, compared to its average volume of 1,969,839. The J. M. Smucker Company has a 52 week low of $88.25 and a 52 week high of $119.39. The firm’s fifty day simple moving average is $102.61 and its two-hundred day simple moving average is $102.57. 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 has a market capitalization of $11.98 billion, a price-to-earnings ratio of -86.38, a P/E/G ratio of 1.54 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) 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 firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company posted $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 anticipate that The J. M. Smucker Company will post 9.95 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, May 15th. This represents a $4.40 annualized dividend and a yield of 3.9%. J. M. Smucker’s dividend payout ratio is currently -338.46%.

Institutional Trading of J. M. Smucker

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

Analyst Upgrades and Downgrades

SJM has been the subject of a number of research analyst reports. Bank of America lifted their price target on shares of J. M. Smucker from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. UBS Group raised their target price on shares of J. M. Smucker from $121.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. JPMorgan Chase & Co. raised their target price on J. M. Smucker from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Stifel Nicolaus cut their price objective on shares of 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. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $137.00 price objective on shares of J. M. Smucker in a research note on Wednesday, June 10th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.