Jill Penrose Sells 5,000 Shares of J. M. Smucker (NYSE:SJM) Stock

The J. M. Smucker Company (NYSE:SJM) insider Jill Penrose sold 5,000 shares of J. M. Smucker stock in a transaction on Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the sale, the insider owned 15,795 shares of the company’s stock, valued at $1,843,118.55. The trade was a 24.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

J. M. Smucker Price Performance

NYSE SJM opened at $114.75 on Thursday. The company has a market cap of $12.24 billion, a price-to-earnings ratio of -88.27, a PEG ratio of 1.57 and a beta of 0.26. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33. The stock’s fifty day moving average price is $104.61 and its 200 day moving average price is $103.06. The J. M. Smucker Company has a 1 year low of $88.25 and a 1 year high of $119.39.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.31 EPS. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, equities research analysts forecast that The J. M. Smucker Company will post 9.96 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.8%. J. M. Smucker’s payout ratio is -338.46%.

Hedge Funds Weigh In On J. M. Smucker

Hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of J. M. Smucker by 10.0% during the 1st 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 period. United Services Automobile Association purchased a new stake in J. M. Smucker in the 1st quarter worth $253,000. Empowered Funds LLC raised its position in J. M. Smucker by 28.6% during the first quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock worth $1,538,000 after acquiring an additional 2,889 shares during the period. Woodline Partners LP lifted its holdings in J. M. Smucker by 40.7% during the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after purchasing an additional 2,600 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of J. M. Smucker by 6.7% in the second quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock valued at $217,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SJM shares. Stifel Nicolaus reduced their price target on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating for the company in a research report on Tuesday, April 21st. BNP Paribas Exane set a $125.00 price objective on shares of J. M. Smucker in a report on Thursday, April 9th. TD Cowen increased their price objective on shares of J. M. Smucker from $103.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, June 10th. Royal Bank Of Canada raised their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Finally, Wall Street Zen upgraded shares of J. M. Smucker from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average 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.