J M Smucker Co (NYSE:SJM) SVP Jeannette L. Knudsen sold 1,932 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $102.86, for a total transaction of $198,725.52. Following the completion of the transaction, the senior vice president now directly owns 24,292 shares in the company, valued at approximately $2,498,675.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE:SJM traded up $1.73 during midday trading on Friday, hitting $105.58. 2,424,513 shares of the stock were exchanged, compared to its average volume of 1,174,430. J M Smucker Co has a one year low of $91.32 and a one year high of $127.93. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 2.16 and a beta of 0.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.44.
J M Smucker (NYSE:SJM) last announced its earnings results on Tuesday, February 26th. The company reported $2.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.24. J M Smucker had a return on equity of 11.61% and a net margin of 8.15%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the company earned $2.50 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts expect that J M Smucker Co will post 8.13 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were issued a dividend of $0.85 per share. The ex-dividend date was Thursday, February 14th. This represents a $3.40 annualized dividend and a yield of 3.22%. J M Smucker’s payout ratio is 42.71%.
A number of large investors have recently made changes to their positions in SJM. Sawyer & Company Inc grew its position in J M Smucker by 1.8% during the 4th quarter. Sawyer & Company Inc now owns 5,523 shares of the company’s stock worth $516,000 after purchasing an additional 100 shares in the last quarter. Utah Retirement Systems grew its holdings in shares of J M Smucker by 0.5% during the 4th quarter. Utah Retirement Systems now owns 20,515 shares of the company’s stock valued at $1,918,000 after acquiring an additional 100 shares in the last quarter. Morningstar Investment Services LLC grew its holdings in shares of J M Smucker by 2.7% during the 4th quarter. Morningstar Investment Services LLC now owns 4,055 shares of the company’s stock valued at $379,000 after acquiring an additional 105 shares in the last quarter. Roberts Glore & Co. Inc. IL grew its holdings in shares of J M Smucker by 3.8% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 2,978 shares of the company’s stock valued at $278,000 after acquiring an additional 110 shares in the last quarter. Finally, Lenox Wealth Management Inc. grew its holdings in shares of J M Smucker by 1.4% during the 4th quarter. Lenox Wealth Management Inc. now owns 8,137 shares of the company’s stock valued at $761,000 after acquiring an additional 116 shares in the last quarter. 77.32% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the stock. Zacks Investment Research reissued a “sell” rating on shares of J M Smucker in a report on Thursday, November 15th. Credit Suisse Group raised their target price on shares of J M Smucker from $94.00 to $96.00 and gave the stock an “underperform” rating in a report on Wednesday, February 27th. Morgan Stanley lifted their price target on J M Smucker from $98.00 to $104.00 and gave the company an “underweight” rating in a report on Wednesday, February 27th. Jefferies Financial Group set a $125.00 price target on J M Smucker and gave the company a “buy” rating in a report on Tuesday, February 26th. Finally, Citigroup lifted their price target on J M Smucker from $122.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. J M Smucker has an average rating of “Hold” and an average price target of $112.73.
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About J M Smucker
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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