J. M. Smucker (NYSE:SJM) CFO Tucker Marshall Sells 18,482 Shares

The J. M. Smucker Company (NYSE:SJM) CFO Tucker Marshall sold 18,482 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $132.05, for a total value of $2,440,548.10. Following the sale, the chief financial officer directly owned 38,699 shares in the company, valued at $5,110,202.95. This trade represents a 32.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

J. M. Smucker Stock Performance

NYSE SJM opened at $131.27 on Tuesday. The J. M. Smucker Company has a 1-year low of $88.25 and a 1-year high of $135.89. The company has a market capitalization of $14.02 billion, a P/E ratio of 61.34, a PEG ratio of 1.50 and a beta of 0.25. The business has a 50 day moving average price of $118.18 and a 200 day moving average price of $108.30. 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 issued its quarterly earnings data on Wednesday, August 26th. The company reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $1.02. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.13 billion. J. M. Smucker had a return on equity of 19.85% and a net margin of 2.51%.J. M. Smucker’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.90 earnings per share. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. Sell-side analysts expect that The J. M. Smucker Company will post 10.54 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a $1.12 dividend. The ex-dividend date is Friday, August 14th. This represents a $4.48 annualized dividend and a dividend yield of 3.4%. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s payout ratio is presently 209.35%.

Wall Street Analyst Weigh In

SJM has been the subject of several recent research reports. Wells Fargo & Company raised their target price on shares of J. M. Smucker from $129.00 to $144.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America increased their price target on shares of J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Barclays lifted their price objective on J. M. Smucker from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft set a $125.00 target price on J. M. Smucker in a research note on Thursday. Finally, Stifel Nicolaus set a $132.00 target price on J. M. Smucker in a report on Thursday. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, J. M. Smucker presently has a consensus rating of “Moderate Buy” and an average price target of $136.25.

Institutional Investors Weigh In On J. M. Smucker

Several hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 period. United Services Automobile Association purchased a new stake in J. M. Smucker in the 1st quarter valued at about $253,000. Empowered Funds LLC increased its stake in shares of 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 acquiring an additional 2,889 shares during the last quarter. Woodline Partners LP increased its stake in shares of J. M. Smucker by 40.7% during the 1st quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after acquiring an additional 2,600 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of J. M. Smucker by 6.7% during the 2nd quarter. American Century Companies Inc. now owns 2,209 shares of the company’s stock worth $217,000 after acquiring an additional 138 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

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.