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

The J. M. Smucker Company (NYSE:SJM) insider Robert Ferguson sold 2,522 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $132.41, for a total value of $333,938.02. Following the transaction, the insider owned 36,295 shares of the company’s stock, valued at $4,805,820.95. This trade represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

J. M. Smucker Trading Down 2.1%

SJM opened at $128.72 on Friday. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 60.15, a P/E/G ratio of 1.69 and a beta of 0.27. The stock’s 50 day moving average price is $119.32 and its 200-day moving average price is $108.71. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $135.89. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.87.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the business posted $1.90 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. On average, equities analysts forecast that The J. M. Smucker Company will post 10.71 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.5%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.10. The ex-dividend date was Friday, August 14th. J. M. Smucker’s dividend payout ratio is 209.35%.

Institutional Investors Weigh In On J. M. Smucker

Institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in J. M. Smucker by 10.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock worth $2,286,000 after purchasing an additional 1,763 shares in the last quarter. United Services Automobile Association purchased a new stake in J. M. Smucker during the 1st quarter worth approximately $253,000. Empowered Funds LLC increased its stake in J. M. Smucker by 28.6% during the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock valued at $1,538,000 after purchasing an additional 2,889 shares in the last quarter. Woodline Partners LP raised its holdings in shares of J. M. Smucker by 40.7% in the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock worth $1,065,000 after buying an additional 2,600 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of J. M. Smucker by 6.7% in the second quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock worth $217,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SJM. BTIG Research reaffirmed a “buy” rating on shares of J. M. Smucker in a research note on Wednesday, August 26th. Morgan Stanley boosted their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 10th. JPMorgan Chase & Co. raised their price objective on J. M. Smucker from $125.00 to $139.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. TD Cowen boosted their target price on shares of J. M. Smucker from $123.00 to $136.00 and gave the stock a “hold” rating in a report on Thursday, August 27th. Finally, HC Wainwright set a $123.00 price target on shares of J. M. Smucker in a research report on Wednesday, August 19th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, J. M. Smucker presently has a consensus rating of “Moderate Buy” and an average target price of $136.25.

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.