The J. M. Smucker Company (NYSE:SJM) Insider Sells $399,264.00 in Stock

The J. M. Smucker Company (NYSE:SJM) insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the transaction, the insider now owns 8,946 shares in the company, valued at approximately $1,116,192.42. The sale was disclosed in a filing with the SEC, which is available at this link.

J. M. Smucker Trading Up 0.1 %

NYSE:SJM traded up $0.11 on Thursday, reaching $125.83. The stock had a trading volume of 1,267,509 shares, compared to its average volume of 1,277,035. The company has a market cap of $13.36 billion, a price-to-earnings ratio of -143.31, a P/E/G ratio of 1.97 and a beta of 0.21. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38. The firm’s fifty day moving average is $126.01 and its two-hundred day moving average is $121.86. The J. M. Smucker Company has a 12-month low of $107.33 and a 12-month high of $159.92.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.21. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.21 EPS. Equities analysts expect that The J. M. Smucker Company will post 9.6 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, February 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently -481.81%.

Institutional Trading of J. M. Smucker

A number of institutional investors and hedge funds have recently bought and sold shares of SJM. Wolverine Asset Management LLC increased its position in J. M. Smucker by 300.0% during the 4th quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. Advantage Trust Co acquired a new stake in J. M. Smucker in the fourth quarter valued at approximately $25,000. West Tower Group LLC acquired a new stake in J. M. Smucker in the fourth quarter valued at approximately $25,000. Intrepid Capital Management Inc. acquired a new stake in J. M. Smucker in the second quarter valued at approximately $26,000. Finally, Eagle Bay Advisors LLC acquired a new stake in J. M. Smucker in the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

SJM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. TD Cowen raised their price objective on shares of J. M. Smucker from $133.00 to $136.00 and gave the company an “outperform” rating in a research note on Wednesday, December 6th. DA Davidson initiated coverage on shares of J. M. Smucker in a research note on Friday, March 1st. They issued a “neutral” rating and a $132.00 price target for the company. Citigroup reduced their price objective on shares of J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company initiated coverage on shares of J. M. Smucker in a research report on Tuesday, December 12th. They set an “overweight” rating and a $140.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus price target of $137.20.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.