J. M. Smucker (NYSE:SJM) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

The J. M. Smucker Company (NYSE:SJM)’s stock price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $110.64 and traded as high as $118.01. J. M. Smucker shares last traded at $116.7350, with a volume of 933,460 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. TD Cowen raised their price target on J. M. Smucker from $123.00 to $136.00 and gave the stock a “hold” rating in a report on Thursday, August 27th. Evercore reaffirmed an “outperform” rating and set a $150.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 27th. JPMorgan Chase & Co. increased their price objective on J. M. Smucker from $125.00 to $139.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. Royal Bank Of Canada lifted their target price on J. M. Smucker from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Finally, BTIG Research reissued a “buy” rating on shares of J. M. Smucker in a report on Wednesday, August 26th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.25.

J. M. Smucker Trading Up 3.1%

The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 55.85, a price-to-earnings-growth ratio of 1.57 and a beta of 0.28. The business’s 50 day moving average price is $122.24 and its 200-day moving average price is $110.75. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.87 and a quick ratio of 0.35.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $1.02. J. M. Smucker had a net margin of 2.51% and a return on equity of 19.85%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm earned $1.90 earnings per share. 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. Equities analysts forecast that The J. M. Smucker Company will post 10.71 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were issued a dividend of $1.12 per share. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.10. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, August 14th. J. M. Smucker’s dividend payout ratio is currently 209.35%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Robert Ferguson sold 2,522 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $132.41, for a total value of $333,938.02. Following the completion of the sale, the insider owned 36,295 shares of the company’s stock, valued at approximately $4,805,820.95. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tucker Marshall sold 18,482 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $132.05, for a total transaction of $2,440,548.10. Following the sale, the chief financial officer owned 38,699 shares in the company, valued at $5,110,202.95. The trade was a 32.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of J. M. Smucker

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in J. M. Smucker by 15.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,920,718 shares of the company’s stock valued at $378,102,000 after buying an additional 528,418 shares in the last quarter. Capitolis Liquid Global Markets LLC boosted its stake in shares of J. M. Smucker by 26.1% during the 4th quarter. Capitolis Liquid Global Markets LLC now owns 1,311,000 shares of the company’s stock worth $128,229,000 after acquiring an additional 271,000 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of J. M. Smucker during the 2nd quarter worth approximately $103,113,000. Bank of America Corp DE grew its holdings in shares of J. M. Smucker by 5.9% in the 1st quarter. Bank of America Corp DE now owns 767,336 shares of the company’s stock worth $74,002,000 after acquiring an additional 43,043 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of J. M. Smucker by 22,662.1% in the 1st quarter. Bessemer Group Inc. now owns 726,112 shares of the company’s stock worth $70,025,000 after acquiring an additional 722,922 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

About J. M. Smucker

The J. M. Smucker Company (NYSE:SJM) is a food and beverage company headquartered in Orrville, Ohio. Founded in 1897 by Jerome Monroe Smucker, the company began as a producer of apple butter and has expanded into a diversified portfolio of branded consumer products.

Smucker’s products include coffee, pet food and treats, fruit spreads, peanut butter, baking ingredients, and sweet baked snacks. Its well-known brands include Folgers, Café Bustelo, Dunkin’ packaged coffee, Jif, Smucker’s, Milk-Bone, Meow Mix, Kibbles ‘n Bits, 9Lives, Natural Balance, Hostess and Little Debbie snack products in select categories.