Insider Selling: J. M. Smucker (NYSE:SJM) CFO Sells $2,440,548.10 in Stock

The J. M. Smucker Company (NYSE:SJM) CFO Tucker Marshall sold 18,482 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $132.05, for a total value of $2,440,548.10. Following the completion of the sale, the chief financial officer owned 38,699 shares in the company, valued at $5,110,202.95. This represents a 32.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

J. M. Smucker Stock Performance

SJM opened at $131.27 on Thursday. 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 J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $135.89. The business has a 50 day moving average of $118.99 and a 200-day moving average of $108.58. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 61.34, a PEG ratio of 1.69 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $1.02. J. M. Smucker had a return on equity of 19.85% and a net margin of 2.51%.The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the firm earned $1.90 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. On average, equities research analysts expect that The J. M. Smucker Company will post 10.71 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th were given a $1.12 dividend. The ex-dividend date of this dividend was Friday, August 14th. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.10. This represents a $4.48 annualized dividend and a dividend yield of 3.4%. J. M. Smucker’s payout ratio is currently 209.35%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. TD Cowen upped their price target on shares of J. M. Smucker from $123.00 to $136.00 and gave the company a “hold” rating in a research note on Thursday, August 27th. Deutsche Bank Aktiengesellschaft set a $125.00 price objective on shares of J. M. Smucker in a research report on Thursday, August 27th. Jefferies Financial Group boosted their price objective on J. M. Smucker from $129.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Bank of America upped their target price on J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Evercore reiterated an “outperform” rating and set a $150.00 target price on shares of J. M. Smucker in a research note on Thursday, August 27th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

Institutional Investors Weigh In On J. M. Smucker

A number of hedge funds and other institutional investors have recently made changes to their positions in SJM. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of J. M. Smucker by 4.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 271,304 shares of the company’s stock valued at $26,216,000 after acquiring an additional 12,220 shares during the period. Royal Bank of Canada increased its position in shares of J. M. Smucker by 36.3% in the first quarter. Royal Bank of Canada now owns 168,591 shares of the company’s stock worth $16,258,000 after purchasing an additional 44,935 shares during the period. Castleark Management LLC acquired a new position in J. M. Smucker in the first quarter valued at about $5,746,000. Swedbank AB lifted its position in J. M. Smucker by 17.8% during the fourth quarter. Swedbank AB now owns 180,595 shares of the company’s stock worth $17,664,000 after purchasing an additional 27,272 shares during the period. Finally, Poehling Capital Management INC. lifted its position in J. M. Smucker by 403.5% during the fourth quarter. Poehling Capital Management INC. now owns 22,238 shares of the company’s stock worth $2,175,000 after purchasing an additional 17,821 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

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.