J. M. Smucker (NYSE:SJM) Insider Jill Penrose Sells 5,000 Shares of Stock

The J. M. Smucker Company (NYSE:SJM) insider Jill Penrose sold 5,000 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $116.69, for a total value of $583,450.00. Following the completion of the transaction, the insider owned 15,795 shares in the company, valued at approximately $1,843,118.55. The trade was a 24.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $112.63 on Wednesday. The stock’s 50-day simple moving average is $104.23 and its 200-day simple moving average is $102.96. The firm has a market capitalization of $12.01 billion, a PE ratio of -86.64, a price-to-earnings-growth ratio of 1.62 and a beta of 0.27. The J. M. Smucker Company has a fifty-two week low of $88.25 and a fifty-two week high of $119.39. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company posted $2.31 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, equities research analysts forecast that The J. M. Smucker Company will post 9.96 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, May 15th. J. M. Smucker’s dividend payout ratio (DPR) is -338.46%.

Wall Street Analysts Forecast Growth

SJM has been the subject of a number of research reports. Wells Fargo & Company set a $115.00 price target on shares of J. M. Smucker in a research report on Wednesday, June 10th. TD Cowen raised their price objective on J. M. Smucker from $103.00 to $115.00 and gave the stock a “hold” rating in a report on Wednesday, June 10th. BNP Paribas Exane set a $125.00 target price on J. M. Smucker in a research report on Thursday, April 9th. Sanford C. Bernstein reissued an “outperform” rating and issued a $137.00 target price on shares of J. M. Smucker in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. upped their target price on J. M. Smucker from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, J. M. Smucker has a consensus rating of “Hold” and an average price target of $121.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG raised its holdings in shares of J. M. Smucker by 238.7% in the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after buying an additional 2,765,559 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of J. M. Smucker by 15.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,920,718 shares of the company’s stock worth $378,102,000 after buying an additional 528,418 shares during the last quarter. Invesco Ltd. increased its position in J. M. Smucker by 5.8% in the 4th quarter. Invesco Ltd. now owns 2,783,272 shares of the company’s stock valued at $272,232,000 after acquiring an additional 151,872 shares during the period. Morgan Stanley increased its position in J. M. Smucker by 16.8% in the 4th quarter. Morgan Stanley now owns 2,486,596 shares of the company’s stock valued at $243,214,000 after acquiring an additional 357,253 shares during the period. Finally, Two Sigma Investments LP raised its stake in J. M. Smucker by 6,854.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after acquiring an additional 1,505,991 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.