J. M. Smucker (NYSE:SJM) Insider Robert Ferguson Sells 2,522 Shares

The J. M. Smucker Company (NYSE:SJM) insider Robert Ferguson sold 2,522 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 36,295 shares of the company’s stock, valued at approximately $4,805,820.95. The trade was a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

J. M. Smucker Stock Down 0.1%

SJM stock opened at $131.27 on Thursday. The firm’s fifty day moving average is $118.99 and its 200 day moving average is $108.58. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $135.89. The firm has a market cap of $14.02 billion, a PE ratio of 61.34, a P/E/G ratio of 1.69 and a beta of 0.27. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.87.

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

J. M. Smucker Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SJM shares. JPMorgan Chase & Co. upped their target price on J. M. Smucker from $125.00 to $139.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. BTIG Research reiterated a “buy” rating on shares of J. M. Smucker in a report on Wednesday, August 26th. TD Cowen upped their price target on J. M. Smucker from $123.00 to $136.00 and gave the stock a “hold” rating in a research note on Thursday, August 27th. Evercore reissued an “outperform” rating and set a $150.00 price target on shares of J. M. Smucker in a research report on Thursday, August 27th. Finally, Stifel Nicolaus set a $132.00 target price on J. M. Smucker in a research note on Thursday, August 27th. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.25.

Institutional Trading of J. M. Smucker

A number of hedge funds have recently made changes to their positions in SJM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in J. M. Smucker by 10.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock worth $2,286,000 after buying an additional 1,763 shares during the last quarter. United Services Automobile Association bought a new stake in shares of J. M. Smucker in the 1st quarter valued at approximately $253,000. Empowered Funds LLC lifted its holdings in J. M. Smucker by 28.6% during the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock valued at $1,538,000 after purchasing an additional 2,889 shares during the last quarter. Woodline Partners LP increased its stake in shares of J. M. Smucker by 40.7% in the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after buying an additional 2,600 shares in the last quarter. Finally, American Century Companies Inc. raised its position in J. M. Smucker by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock worth $217,000 after purchasing an additional 138 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

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.