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

The J. M. Smucker Company (NYSE:SJM) insider Jeannette Knudsen sold 4,353 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $115.08, for a total transaction of $500,943.24. Following the sale, the insider owned 16,835 shares of the company’s stock, valued at $1,937,371.80. The trade was a 20.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

J. M. Smucker Price Performance

Shares of NYSE SJM traded up $0.14 during trading on Monday, hitting $115.78. The company 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 P/E ratio of -89.06, a PEG ratio of 1.61 and a beta of 0.27. The J. M. Smucker Company has a 52 week low of $88.25 and a 52 week high of $119.39. The business’s 50-day moving average is $103.45 and its 200 day moving average is $102.76. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.13. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Equities research analysts predict that The J. M. Smucker Company will post 9.96 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, May 15th. J. M. Smucker’s dividend payout ratio is currently -338.46%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SJM shares. Bank of America lifted their target price 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. Stifel Nicolaus decreased their price objective on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating for the company in a research note on Tuesday, April 21st. Sanford C. Bernstein reiterated an “outperform” rating and set a $137.00 price objective on shares of J. M. Smucker in a research report on Wednesday, June 10th. Wall Street Zen raised shares of J. M. Smucker from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings upgraded J. M. Smucker from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $121.13.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC lifted its position in J. M. Smucker by 10.2% in the 4th quarter. Golden State Wealth Management LLC now owns 991 shares of the company’s stock worth $97,000 after buying an additional 92 shares in the last quarter. Colonial Trust Advisors grew its holdings in shares of J. M. Smucker by 7.8% during the 4th quarter. Colonial Trust Advisors now owns 1,303 shares of the company’s stock valued at $127,000 after acquiring an additional 94 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of J. M. Smucker by 2.1% in the fourth quarter. Harbour Investments Inc. now owns 4,652 shares of the company’s stock worth $455,000 after acquiring an additional 97 shares during the last quarter. Delta Asset Management LLC TN raised its holdings in shares of J. M. Smucker by 7.8% during the fourth quarter. Delta Asset Management LLC TN now owns 1,378 shares of the company’s stock worth $135,000 after acquiring an additional 100 shares in the last quarter. Finally, New Mexico Educational Retirement Board raised its holdings in shares of J. M. Smucker by 2.1% during the fourth quarter. New Mexico Educational Retirement Board now owns 4,922 shares of the company’s stock worth $481,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

About J. M. Smucker

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.