Tucker H. Marshall Sells 5,028 Shares of The J. M. Smucker Company (NYSE:SJM) Stock

The J. M. Smucker Company (NYSE:SJM) CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the sale, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

J. M. Smucker Stock Down 0.1 %

NYSE:SJM opened at $111.62 on Friday. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $127.59. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 3.91 and a beta of 0.28. The stock has a 50-day moving average price of $106.53 and a two-hundred day moving average price of $112.59.

J. M. Smucker (NYSE:SJM) last posted its 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 firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. As a group, equities analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.87%. J. M. Smucker’s dividend payout ratio (DPR) is -179.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. DA Davidson lowered their target price on 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. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Barclays lowered their target price on 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. Stifel Nicolaus lowered their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $126.00.

Institutional Trading of J. M. Smucker

A number of institutional investors have recently modified their holdings of the company. Salem Investment Counselors Inc. lifted its holdings in shares of J. M. Smucker by 17.9% in the fourth quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after purchasing an additional 100 shares in the last quarter. Utah Retirement Systems lifted its holdings in shares of J. M. Smucker by 0.6% in the fourth quarter. Utah Retirement Systems now owns 17,146 shares of the company’s stock valued at $1,888,000 after purchasing an additional 100 shares in the last quarter. Wallace Capital Management Inc. lifted its holdings in shares of J. M. Smucker by 4.9% in the fourth quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company’s stock valued at $235,000 after purchasing an additional 100 shares in the last quarter. Trust Co. of Vermont lifted its holdings in shares of J. M. Smucker by 4.1% in the fourth quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock valued at $301,000 after purchasing an additional 108 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its holdings in shares of J. M. Smucker by 6.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock valued at $203,000 after purchasing an additional 115 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

About J. M. Smucker

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.