Insider Selling: J. M. Smucker (NYSE:SJM) Insider Sells 5,000 Shares of Stock

The J. M. Smucker Company (NYSE:SJM) insider Jill Penrose sold 5,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $116.69, for a total value of $583,450.00. Following the transaction, the insider owned 15,795 shares in the company, valued at $1,843,118.55. This represents a 24.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

J. M. Smucker Stock Performance

Shares of SJM stock traded down $3.26 during mid-day trading on Tuesday, reaching $112.63. The stock had a trading volume of 1,364,553 shares, compared to its average volume of 1,959,065. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $119.39. The firm has a market cap of $12.01 billion, a PE ratio of -86.64, a P/E/G ratio of 1.61 and a beta of 0.27. The firm’s 50 day simple moving average is $103.89 and its 200 day simple moving average is $102.87. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data 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. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.J. M. Smucker’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, analysts forecast that The J. M. Smucker Company will post 9.96 EPS for the current year.

J. M. Smucker Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on SJM. Morgan Stanley raised their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. Wall Street Zen raised shares of J. M. Smucker from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Barclays increased their price target on shares of J. M. Smucker from $103.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 11th. TD Cowen raised their price target 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. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $137.00 price objective on shares of J. M. Smucker in a research note on Wednesday, June 10th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $121.13.

Institutional Investors Weigh In On J. M. Smucker

Several large investors have recently made changes to their positions in SJM. Garton & Associates Financial Advisors LLC acquired a new stake in shares of J. M. Smucker during the 4th quarter worth about $25,000. CYBER HORNET ETFs LLC acquired a new position in J. M. Smucker in the second quarter valued at about $27,000. MCF Advisors LLC boosted its position in J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after buying an additional 126 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in J. M. Smucker during the second quarter worth about $31,000. Finally, Fideuram Asset Management Ireland dac bought a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $32,000. Institutional investors own 81.66% of the company’s stock.

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.