The J. M. Smucker Company (NYSE:SJM – Get Free Report) insider Robert Ferguson sold 2,522 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $132.41, for a total transaction of $333,938.02. Following the completion of the transaction, the insider owned 36,295 shares of the company’s stock, valued at $4,805,820.95. This represents a 6.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
J. M. Smucker Stock Down 1.8%
SJM opened at $126.17 on Friday. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $135.89. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.87. The stock has a market capitalization of $13.48 billion, a P/E ratio of 58.96, a price-to-earnings-growth ratio of 1.65 and a beta of 0.27. The business’s 50-day simple moving average is $119.53 and its 200-day simple moving average is $108.83.
J. M. Smucker (NYSE:SJM – Get Free Report) last announced its earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.90 EPS. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. Analysts anticipate that The J. M. Smucker Company will post 10.71 EPS for the current year.
J. M. Smucker Increases Dividend
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $125.00 target price on shares of J. M. Smucker in a report on Thursday, August 27th. Bank of America raised their price objective on shares of J. M. Smucker from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. BTIG Research restated a “buy” rating on shares of J. M. Smucker in a research note on Wednesday, August 26th. Morgan Stanley lifted their target price on J. M. Smucker from $106.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 10th. Finally, Royal Bank Of Canada boosted their price objective on shares of J. M. Smucker from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, J. M. Smucker currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.
Read Our Latest Stock Report on J. M. Smucker
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Archer Investment Corp acquired a new stake in shares of J. M. Smucker during the 2nd quarter valued at approximately $25,000. Garton & Associates Financial Advisors LLC purchased a new position in J. M. Smucker in the 4th quarter valued at approximately $25,000. CYBER HORNET ETFs LLC acquired a new position in J. M. Smucker during the second quarter worth $27,000. MCF Advisors LLC raised its holdings in J. M. Smucker by 68.1% during the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after purchasing an additional 126 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in J. M. Smucker during the second quarter worth $31,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.
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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