Jill R. Penrose Sells 5,117 Shares of The J. M. Smucker Company (NYSE:SJM) Stock

The J. M. Smucker Company (NYSE:SJM) insider Jill R. Penrose sold 5,117 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now owns 8,794 shares of the company’s stock, valued at $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

J. M. Smucker Trading Down 0.1 %

Shares of SJM opened at $118.44 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 3.91 and a beta of 0.28. The stock has a fifty day moving average price of $109.16 and a two-hundred day moving average price of $112.20. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.42.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.65%. J. M. Smucker’s dividend payout ratio (DPR) is currently -179.25%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. DA Davidson cut their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Stifel Nicolaus lowered their price objective on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, Morgan Stanley assumed coverage on J. M. Smucker in a research note on Monday, March 24th. They issued an “overweight” rating and a $123.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $125.67.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SJM. Capital Advisors Ltd. LLC increased its stake in shares of J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after buying an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in J. M. Smucker in the fourth quarter worth about $27,000. Kentucky Trust Co bought a new stake in J. M. Smucker during the 4th quarter worth about $28,000. Minot DeBlois Advisors LLC acquired a new position in J. M. Smucker during the 4th quarter valued at about $28,000. Finally, Measured Risk Portfolios Inc. bought a new position in shares of J. M. Smucker in the 4th quarter valued at about $29,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.