Jill R. Penrose Sells 5,117 Shares of The J. M. Smucker Company (NYSE:SJM) Stock

The J. M. Smucker Company (NYSE:SJM) insider Jill R. Penrose sold 5,117 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the transaction, the insider now directly owns 8,794 shares of the company’s stock, valued at approximately $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

J. M. Smucker Price Performance

Shares of SJM stock opened at $118.41 on Wednesday. The stock has a 50 day moving average price of $108.84 and a 200 day moving average price of $112.15. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.42. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The firm has a market capitalization of $12.60 billion, a P/E ratio of 23.97, a P/E/G ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. As a group, sell-side analysts predict that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.65%. J. M. Smucker’s dividend payout ratio is currently -179.25%.

Institutional Trading of J. M. Smucker

Several institutional investors and hedge funds have recently modified their holdings of SJM. Norges Bank purchased a new position in J. M. Smucker during the 4th quarter worth $112,978,000. LSV Asset Management increased its stake in shares of J. M. Smucker by 3,599.5% during the fourth quarter. LSV Asset Management now owns 929,400 shares of the company’s stock valued at $102,346,000 after buying an additional 904,278 shares during the period. State Street Corp increased its stake in shares of J. M. Smucker by 12.0% during the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after buying an additional 762,746 shares during the period. Two Sigma Advisers LP raised its holdings in shares of J. M. Smucker by 76.7% in the fourth quarter. Two Sigma Advisers LP now owns 1,078,892 shares of the company’s stock valued at $118,808,000 after acquiring an additional 468,200 shares in the last quarter. Finally, FIL Ltd lifted its stake in J. M. Smucker by 87.8% in the fourth quarter. FIL Ltd now owns 925,000 shares of the company’s stock worth $101,861,000 after acquiring an additional 432,500 shares during the period. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

SJM has been the subject of a number of recent research reports. Barclays cut their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their target price for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Morgan Stanley began coverage on shares of J. M. Smucker in a report on Monday, March 24th. They issued an “overweight” rating and a $123.00 price target for the company. Stifel Nicolaus reduced their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and a consensus target price of $125.67.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.