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

The J. M. Smucker Company (NYSE:SJMGet Free Report) insider Jeannette Knudsen sold 4,353 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $115.08, for a total value of $500,943.24. Following the sale, the insider owned 16,835 shares in the company, valued at $1,937,371.80. The trade was a 20.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

J. M. Smucker Stock Performance

Shares of SJM traded up $0.14 during mid-day trading on Monday, hitting $115.78. The stock had a trading volume of 1,259,945 shares, compared to its average volume of 1,964,114. The company has a market cap of $12.35 billion, a PE ratio of -89.06, a PEG ratio of 1.61 and a beta of 0.27. The company’s fifty day simple moving average is $103.45 and its two-hundred day simple moving average is $102.76. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15. The J. M. Smucker Company has a fifty-two week low of $88.25 and a fifty-two week high of $119.39.

J. M. Smucker (NYSE:SJMGet Free Report) last posted its quarterly 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 positive return on equity of 17.18% and a negative net margin of 1.53%.The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the company 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. On average, equities analysts expect that The J. M. Smucker Company will post 9.96 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, May 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently -338.46%.

Analyst Ratings Changes

SJM has been the subject of a number of research reports. Wall Street Zen upgraded J. M. Smucker from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. BTIG Research set a $130.00 price target on J. M. Smucker in a report on Wednesday, June 10th. JPMorgan Chase & Co. boosted their price objective on J. M. Smucker from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Barclays increased their target price on J. M. Smucker from $103.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 11th. Finally, Royal Bank Of Canada raised their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, J. M. Smucker currently has a consensus rating of “Hold” and an average price target of $121.13.

Get Our Latest Report on SJM

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Aquatic Capital Management LLC acquired a new position in J. M. Smucker during the third quarter worth about $9,444,000. Neo Ivy Capital Management bought a new stake in J. M. Smucker in the third quarter worth about $997,000. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in J. M. Smucker in the 4th quarter valued at about $1,406,000. Dorato Capital Management bought a new position in shares of J. M. Smucker during the 4th quarter valued at about $1,682,000. Finally, Stance Capital LLC boosted its position in shares of J. M. Smucker by 371.5% during the 3rd quarter. Stance Capital LLC now owns 35,471 shares of the company’s stock valued at $3,852,000 after purchasing an additional 27,948 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

About J. M. Smucker

(Get Free Report)

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.

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