The J. M. Smucker Company (NYSE:SJM – Get Free Report) CFO Tucker Marshall sold 18,482 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $132.05, for a total value of $2,440,548.10. Following the sale, the chief financial officer owned 38,699 shares of the company’s stock, valued at approximately $5,110,202.95. The trade was a 32.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
J. M. Smucker Price Performance
J. M. Smucker stock opened at $131.38 on Wednesday. The business’s 50-day simple moving average is $118.60 and its 200 day simple moving average is $108.44. The company has a quick ratio of 0.35, a current ratio of 0.87 and a debt-to-equity ratio of 1.11. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 61.39, a P/E/G ratio of 1.46 and a beta of 0.27. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $135.89.
J. M. Smucker (NYSE:SJM – Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a return on equity of 19.85% and a net margin of 2.51%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.90 EPS. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. As a group, research analysts anticipate that The J. M. Smucker Company will post 10.71 earnings per share for the current year.
J. M. Smucker Increases Dividend
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on SJM shares. Wells Fargo & Company increased their price target on J. M. Smucker from $129.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Stifel Nicolaus set a $132.00 price objective on J. M. Smucker in a report on Thursday, August 27th. UBS Group increased their target price on J. M. Smucker from $130.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Wall Street Zen upgraded J. M. Smucker from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Evercore restated an “outperform” rating and set a $150.00 target price on shares of J. M. Smucker in a research report on Thursday, August 27th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.25.
Check Out Our Latest Report on SJM
Institutional Trading of J. M. Smucker
A number of large investors have recently made changes to their positions in SJM. Archer Investment Corp bought a new position in shares of J. M. Smucker during the 2nd quarter valued at about $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in J. M. Smucker during the 4th quarter worth approximately $25,000. CYBER HORNET ETFs LLC acquired a new stake in J. M. Smucker during the 2nd quarter worth approximately $27,000. MCF Advisors LLC lifted its stake in J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after buying an additional 126 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in J. M. Smucker in the second quarter valued at approximately $31,000. Institutional investors own 81.66% of the company’s stock.
J. M. Smucker Company Profile
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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