The J. M. Smucker Company (NYSE:SJM) CEO Mark T. Smucker Sells 10,000 Shares

The J. M. Smucker Company (NYSE:SJM) 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) 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

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a $1.06 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.24 dividend on an annualized basis and a yield of 3.94%. J. M. Smucker’s dividend payout ratio is currently 59.55%.

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.

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.