J M Smucker Co (SJM) Insider Sells $150,070.70 in Stock
J M Smucker Co (NYSE:SJM) insider David J. Lemmon sold 1,205 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
David J. Lemmon also recently made the following trade(s):
- On Saturday, December 29th, David J. Lemmon sold 1,205 shares of J M Smucker stock. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70.
Shares of J M Smucker Co (SJM) opened at $124.39 on Friday. The firm has a market cap of $14,017.94, a P/E ratio of 25.13, a P/E/G ratio of 2.11 and a beta of 0.66. J M Smucker Co has a 1-year low of $99.57 and a 1-year high of $143.68. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 0.61.
J M Smucker (NYSE:SJM) last announced its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.12. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the firm posted $2.05 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. equities analysts forecast that J M Smucker Co will post 7.8 EPS for the current year.
Several equities research analysts have recently issued reports on SJM shares. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Goldman Sachs Group restated a “sell” rating on shares of J M Smucker in a research report on Wednesday, October 4th. Morgan Stanley set a $106.00 price target on shares of J M Smucker and gave the company a “sell” rating in a research report on Friday, October 13th. Jefferies Group set a $130.00 price objective on shares of J M Smucker and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Susquehanna Bancshares reiterated a “hold” rating and issued a $110.00 target price on shares of J M Smucker in a research note on Tuesday, November 7th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $126.92.
Several large investors have recently modified their holdings of SJM. Parametric Portfolio Associates LLC lifted its position in J M Smucker by 68.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,067,032 shares of the company’s stock worth $111,964,000 after acquiring an additional 432,461 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in J M Smucker during the 3rd quarter worth $542,000. Truepoint Inc. grew its stake in J M Smucker by 9,203.5% during the 3rd quarter. Truepoint Inc. now owns 281,989 shares of the company’s stock worth $282,000 after buying an additional 278,958 shares during the last quarter. Americafirst Capital Management LLC bought a new position in J M Smucker during the 3rd quarter worth $373,000. Finally, Cypress Capital Group bought a new position in J M Smucker during the 3rd quarter worth $474,000. Institutional investors and hedge funds own 75.02% of the company’s stock.
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J M Smucker Company Profile
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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