Insider Selling: J. M. Smucker (NYSE:SJM) CFO Sells $2,440,548.10 in Stock

The J. M. Smucker Company (NYSE:SJM) CFO Tucker Marshall sold 18,482 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $132.05, for a total transaction of $2,440,548.10. Following the completion of the sale, the chief financial officer directly owned 38,699 shares in the company, valued at $5,110,202.95. This trade represents a 32.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

J. M. Smucker Price Performance

Shares of SJM stock traded down $1.07 during trading hours on Monday, hitting $131.27. The company’s stock had a trading volume of 1,246,378 shares, compared to its average volume of 1,818,444. The business has a fifty day moving average of $117.70 and a 200-day moving average of $108.14. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 61.34, a P/E/G ratio of 1.50 and a beta of 0.25. The J. M. Smucker Company has a twelve month low of $88.25 and a twelve month high of $135.89. The company has a current ratio of 0.87, a quick ratio of 0.35 and a debt-to-equity ratio of 1.11.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $1.02. J. M. Smucker had a return on equity of 19.85% and a net margin of 2.51%.The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the firm posted $1.90 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. As a group, equities research analysts anticipate that The J. M. Smucker Company will post 10.54 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a yield of 3.4%. J. M. Smucker’s dividend payout ratio (DPR) is 209.35%.

Wall Street Analyst Weigh In

A number of research firms recently commented on SJM. Wall Street Zen raised J. M. Smucker from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. HC Wainwright set a $123.00 target price on shares of J. M. Smucker in a research note on Wednesday, August 19th. Barclays upped their target price on shares of J. M. Smucker from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Thursday. Evercore reaffirmed an “outperform” rating and set a $150.00 price target on shares of J. M. Smucker in a research note on Thursday. Finally, Stifel Nicolaus set a $132.00 price objective on shares of J. M. Smucker in a research report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

Institutional Investors Weigh In On J. M. Smucker

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in J. M. Smucker by 4.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 271,304 shares of the company’s stock valued at $26,216,000 after purchasing an additional 12,220 shares during the last quarter. Royal Bank of Canada increased its holdings in J. M. Smucker by 36.3% during the 1st quarter. Royal Bank of Canada now owns 168,591 shares of the company’s stock worth $16,258,000 after purchasing an additional 44,935 shares during the last quarter. Castleark Management LLC purchased a new stake in J. M. Smucker during the 1st quarter worth approximately $5,746,000. Swedbank AB raised its position in shares of J. M. Smucker by 17.8% in the 4th quarter. Swedbank AB now owns 180,595 shares of the company’s stock valued at $17,664,000 after purchasing an additional 27,272 shares in the last quarter. Finally, Poehling Capital Management INC. raised its position in shares of J. M. Smucker by 403.5% in the 4th quarter. Poehling Capital Management INC. now owns 22,238 shares of the company’s stock valued at $2,175,000 after purchasing an additional 17,821 shares in the last quarter. Hedge funds and other 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.