The J. M. Smucker Company (NYSE:SJM – Get Free Report) CEO Mark T. Smucker sold 10,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the completion of the sale, the chief executive officer now directly owns 78,757 shares of the company’s stock, valued at $8,675,871.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
J. M. Smucker Trading Down 0.3 %
NYSE:SJM opened at $107.70 on Thursday. The stock’s 50 day moving average price is $112.62 and its 200 day moving average price is $120.49. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $153.94. The company has a market capitalization of $11.44 billion, a P/E ratio of 15.13, a P/E/G ratio of 2.16 and a beta of 0.23. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.25 and a current ratio of 0.52.
J. M. Smucker (NYSE:SJM – Get Free Report) last released its quarterly earnings data on Thursday, June 6th. The company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.34. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company posted $2.64 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. On average, research analysts forecast that The J. M. Smucker Company will post 10.06 EPS for the current fiscal year.
J. M. Smucker Announces Dividend
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Argus cut their price target on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a report on Wednesday, February 28th. Barclays cut their price objective on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a report on Monday, June 10th. JPMorgan Chase & Co. boosted their price objective on J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, StockNews.com downgraded J. M. Smucker from a “hold” rating to a “sell” rating in a report on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker presently has an average rating of “Hold” and an average target price of $132.64.
Check Out Our Latest Stock Analysis on J. M. Smucker
Institutional Investors Weigh In On J. M. Smucker
A number of large investors have recently added to or reduced their stakes in the stock. Railway Pension Investments Ltd boosted its position in J. M. Smucker by 2.9% during the first quarter. Railway Pension Investments Ltd now owns 262,800 shares of the company’s stock worth $33,079,000 after purchasing an additional 7,300 shares during the period. Westwood Holdings Group Inc. boosted its position in J. M. Smucker by 25.7% during the first quarter. Westwood Holdings Group Inc. now owns 56,816 shares of the company’s stock worth $7,151,000 after purchasing an additional 11,622 shares during the period. Boston Partners bought a new stake in J. M. Smucker during the first quarter worth approximately $364,990,000. Cetera Advisors LLC boosted its position in J. M. Smucker by 21.1% during the first quarter. Cetera Advisors LLC now owns 11,906 shares of the company’s stock worth $1,499,000 after purchasing an additional 2,077 shares during the period. Finally, Cetera Investment Advisers boosted its position in J. M. Smucker by 62.0% during the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock worth $3,043,000 after purchasing an additional 9,250 shares during the period. Institutional investors own 81.66% of the company’s stock.
J. M. Smucker Company Profile
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.
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