J. M. Smucker (NYSE:SJM) Insider Robert Ferguson Sells 2,522 Shares of Stock

The J. M. Smucker Company (NYSE:SJM) insider Robert Ferguson sold 2,522 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $132.41, for a total value of $333,938.02. Following the completion of the transaction, the insider directly owned 36,295 shares in the company, valued at approximately $4,805,820.95. This represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock traded down $0.15 during trading hours on Wednesday, reaching $131.27. 1,149,590 shares of the stock traded hands, compared to its average volume of 1,813,895. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $135.89. The firm has a market capitalization of $14.02 billion, a price-to-earnings ratio of 61.34, a P/E/G ratio of 1.46 and a beta of 0.27. The company has a quick ratio of 0.35, a current ratio of 0.87 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average price of $118.60 and a 200 day moving average price of $108.44.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.22 by $1.02. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a net margin of 2.51% and a return on equity of 19.85%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.90 EPS. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. On average, equities research analysts expect that The J. M. Smucker Company will post 10.71 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were paid a dividend of $1.12 per share. The ex-dividend date was Friday, August 14th. This represents a $4.48 annualized dividend and a dividend yield of 3.4%. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s dividend payout ratio is 209.35%.

Analyst Ratings Changes

SJM has been the topic of a number of recent research reports. Weiss Ratings raised J. M. Smucker from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 26th. Stifel Nicolaus set a $132.00 price objective on J. M. Smucker in a research note on Thursday, August 27th. Bank of America boosted their price objective on J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Barclays increased their target price on shares of J. M. Smucker from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Thursday, August 27th. Finally, Evercore reiterated an “outperform” rating and issued a $150.00 price target on shares of J. M. Smucker in a research report on Thursday, August 27th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.25.

Institutional Trading of J. M. Smucker

Institutional investors have recently made changes to their positions in the business. Archer Investment Corp purchased a new position in J. M. Smucker in the 2nd quarter worth approximately $25,000. Garton & Associates Financial Advisors LLC purchased a new stake in J. M. Smucker during the 4th quarter valued at approximately $25,000. CYBER HORNET ETFs LLC bought a new stake in shares of J. M. Smucker during the second quarter valued at approximately $27,000. MCF Advisors LLC lifted its holdings in shares of J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after buying an additional 126 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of J. M. Smucker during the second quarter worth $31,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

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.