The J. M. Smucker Company (NYSE:SJM) Insider Sells $594,902.42 in Stock

The J. M. Smucker Company (NYSE:SJM) insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the sale, the insider now owns 8,794 shares of the company’s stock, valued at $1,022,390.44. This trade represents a 36.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

J. M. Smucker Trading Up 1.7 %

Shares of NYSE:SJM opened at $118.35 on Tuesday. The company has a market capitalization of $12.59 billion, a PE ratio of 23.96, a PEG ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 12-month low of $98.77 and a 12-month high of $125.75. The business has a 50 day moving average of $108.54 and a two-hundred day moving average of $112.17. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. As a group, analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.65%. J. M. Smucker’s dividend payout ratio is presently -179.25%.

Hedge Funds Weigh In On J. M. Smucker

A number of hedge funds have recently bought and sold shares of SJM. Capital Advisors Ltd. LLC raised its stake in shares of J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after buying an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new position in J. M. Smucker during the fourth quarter worth $27,000. Kentucky Trust Co purchased a new position in J. M. Smucker during the fourth quarter valued at $28,000. Minot DeBlois Advisors LLC acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at about $28,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in shares of J. M. Smucker during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SJM. Morgan Stanley began coverage on shares of J. M. Smucker in a research note on Monday, March 24th. They set an “overweight” rating and a $123.00 price objective for the company. Stifel Nicolaus lowered their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. DA Davidson cut their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $125.67.

About J. M. Smucker

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.