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 on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. This represents a 36.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $118.41 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The business has a fifty day moving average of $108.84 and a 200 day moving average of $112.15. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The J. M. Smucker Company has a 1 year low of $98.77 and a 1 year high of $125.42.

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

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $1.08 per share. 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 (DPR) is presently -179.25%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SJM shares. Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. DA Davidson reduced their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Finally, Morgan Stanley began coverage on J. M. Smucker in a report on Monday, March 24th. They set an “overweight” rating and a $123.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and an average price target of $125.67.

Institutional Investors Weigh In On J. M. Smucker

Several hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of J. M. Smucker by 3.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock valued at $35,721,000 after buying an additional 11,339 shares during the period. Nordea Investment Management AB raised its position in J. M. Smucker by 16.5% during the fourth quarter. Nordea Investment Management AB now owns 1,361,902 shares of the company’s stock valued at $150,082,000 after acquiring an additional 192,748 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in J. M. Smucker in the fourth quarter valued at approximately $1,273,000. Signal Advisors Wealth LLC boosted its position in J. M. Smucker by 336.3% in the 4th quarter. Signal Advisors Wealth LLC now owns 12,950 shares of the company’s stock worth $1,426,000 after purchasing an additional 9,982 shares in the last quarter. Finally, Douglas Lane & Associates LLC grew its stake in shares of J. M. Smucker by 6.7% during the 4th quarter. Douglas Lane & Associates LLC now owns 271,299 shares of the company’s stock worth $29,875,000 after purchasing an additional 16,963 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.

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.