The J. M. Smucker Company (NYSE:SJM) CFO Sells $112,322.00 in Stock

The J. M. Smucker Company (NYSE:SJM) CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

J. M. Smucker Stock Up 0.8 %

NYSE:SJM opened at $109.89 on Friday. The stock’s fifty day moving average price is $115.27 and its two-hundred day moving average price is $115.92. The company has a market cap of $11.69 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 3.46 and a beta of 0.26. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.25. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.59 earnings per share. On average, analysts anticipate that The J. M. Smucker Company will post 9.89 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is 87.45%.

Wall Street Analyst Weigh In

SJM has been the subject of several recent analyst reports. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Stifel Nicolaus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. TD Cowen reduced their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Finally, Wells Fargo & Company boosted their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, J. M. Smucker presently has an average rating of “Hold” and an average target price of $128.56.

Hedge Funds Weigh In On J. M. Smucker

Several large investors have recently bought and sold shares of SJM. Studio Investment Management LLC acquired a new position in J. M. Smucker in the second quarter valued at about $26,000. Venturi Wealth Management LLC increased its stake in shares of J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after acquiring an additional 226 shares during the last quarter. Quarry LP raised its position in shares of J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after acquiring an additional 219 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of J. M. Smucker in the 3rd quarter valued at approximately $39,000. Finally, Eastern Bank bought a new position in J. M. Smucker during the 3rd quarter worth approximately $40,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

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.