J. M. Smucker (NYSE:SJM) CFO Tucker Marshall Sells 3,630 Shares

The J. M. Smucker Company (NYSE:SJM) CFO Tucker Marshall sold 3,630 shares of J. M. Smucker stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total transaction of $403,111.50. Following the completion of the sale, the chief financial officer owned 38,699 shares in the company, valued at approximately $4,297,523.95. This trade represents a 8.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $112.30 on Friday. The business’s 50 day moving average price is $103.01 and its 200 day moving average price is $102.65. The company has a market cap of $11.98 billion, a price-to-earnings ratio of -86.38, a PEG ratio of 1.56 and a beta of 0.27. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $119.39.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.13. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. J. M. Smucker’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. On average, research analysts predict that The J. M. Smucker Company will post 9.95 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a dividend of $1.10 per share. The ex-dividend date was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.9%. J. M. Smucker’s dividend payout ratio (DPR) is currently -338.46%.

Institutional Investors Weigh In On J. M. Smucker

Several large investors have recently modified their holdings of the company. UBS Group AG increased its holdings in shares of J. M. Smucker by 238.7% in the 4th quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after acquiring an additional 2,765,559 shares during the period. Two Sigma Investments LP grew its position in J. M. Smucker by 6,854.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock worth $165,937,000 after purchasing an additional 1,505,991 shares during the last quarter. National Bank of Canada FI increased its stake in J. M. Smucker by 797.4% in the third quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock valued at $152,167,000 after purchasing an additional 1,245,035 shares during the period. Capitolis Liquid Global Markets LLC purchased a new stake in shares of J. M. Smucker in the third quarter valued at about $112,944,000. Finally, Norges Bank purchased a new stake in shares of J. M. Smucker in the fourth quarter valued at about $92,960,000. 81.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SJM has been the topic of a number of research analyst reports. UBS Group boosted their target price on J. M. Smucker from $121.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. BNP Paribas Exane set a $125.00 price target on shares of J. M. Smucker in a research report on Thursday, April 9th. Stifel Nicolaus dropped 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 report on Tuesday, April 21st. BTIG Research set a $130.00 price objective on J. M. Smucker in a research report on Wednesday, June 10th. Finally, Wells Fargo & Company set a $115.00 target price on J. M. Smucker in a report on Wednesday, June 10th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, J. M. Smucker currently has a consensus rating of “Hold” and an average target price of $121.13.

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.