Jeannette Knudsen Sells 4,353 Shares of J. M. Smucker (NYSE:SJM) Stock

The J. M. Smucker Company (NYSE:SJM) insider Jeannette Knudsen sold 4,353 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $115.08, for a total transaction of $500,943.24. Following the transaction, the insider directly owned 16,835 shares of the company’s stock, valued at approximately $1,937,371.80. This trade represents a 20.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

J. M. Smucker Trading Down 2.8%

Shares of NYSE:SJM opened at $112.63 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $119.39. The business has a 50 day moving average of $104.23 and a two-hundred day moving average of $102.96. The company has a market capitalization of $12.01 billion, a PE ratio of -86.64, a PEG ratio of 1.62 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the business posted $2.31 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, 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 given a dividend of $1.10 per share. The ex-dividend date was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 3.9%. J. M. Smucker’s dividend payout ratio is currently -338.46%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SJM shares. Barclays increased their price objective on shares of J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, June 11th. UBS Group boosted their target price on shares of J. M. Smucker from $121.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. BNP Paribas Exane set a $125.00 price target on shares of J. M. Smucker in a research report on Thursday, April 9th. Weiss Ratings raised shares of J. M. Smucker from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Finally, Morgan Stanley lifted their price objective on J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $121.13.

Institutional Trading of J. M. Smucker

A number of hedge funds have recently bought and sold shares of the business. UBS Group AG boosted its position in shares of J. M. Smucker by 238.7% during the 4th quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after acquiring an additional 2,765,559 shares during the last quarter. Dimensional Fund Advisors LP increased its position in J. M. Smucker by 15.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,920,718 shares of the company’s stock worth $378,102,000 after purchasing an additional 528,418 shares during the last quarter. Invesco Ltd. increased its position in J. M. Smucker by 5.8% during the fourth quarter. Invesco Ltd. now owns 2,783,272 shares of the company’s stock worth $272,232,000 after purchasing an additional 151,872 shares during the last quarter. Morgan Stanley raised its stake in J. M. Smucker by 16.8% during the fourth quarter. Morgan Stanley now owns 2,486,596 shares of the company’s stock worth $243,214,000 after purchasing an additional 357,253 shares during the period. Finally, Two Sigma Investments LP raised its stake in J. M. Smucker by 6,854.4% during the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after purchasing an additional 1,505,991 shares during the period. Institutional investors and hedge funds 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.