J. M. Smucker (NYSE:SJM) Share Price Breaks Above Two Hundred Day Moving Average – Here’s Why

The J. M. Smucker Company (NYSE:SJM)’s stock price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $110.09 and traded as high as $123.09. J. M. Smucker shares last traded at $120.6360, with a volume of 982,346 shares traded.

Analyst Upgrades and Downgrades

SJM has been the subject of several research reports. Evercore reiterated an “outperform” rating and set a $150.00 price target on shares of J. M. Smucker in a research report on Thursday, August 27th. UBS Group lifted their target price on shares of J. M. Smucker from $130.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Bank of America upped their target price on shares of J. M. Smucker from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft set a $125.00 target price on shares of J. M. Smucker in a research report on Thursday, August 27th. Finally, BTIG Research reissued a “buy” rating on shares of J. M. Smucker in a research note on Wednesday, August 26th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, J. M. Smucker has a consensus rating of “Moderate Buy” and a consensus target price of $136.25.

J. M. Smucker Price Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 0.87 and a quick ratio of 0.35. The stock’s fifty day moving average is $122.69 and its 200-day moving average is $110.19. The stock has a market cap of $12.70 billion, a PE ratio of 55.48, a price-to-earnings-growth ratio of 1.62 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Wednesday, August 26th. The company reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $1.02. J. M. Smucker had a net margin of 2.51% and a return on equity of 19.85%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the firm earned $1.90 earnings per share. J. M. Smucker’s quarterly revenue was up 5.0% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. As a group, equities analysts anticipate that The J. M. Smucker Company will post 10.71 EPS for the current year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were issued a $1.12 dividend. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.10. This represents a $4.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, August 14th. J. M. Smucker’s payout ratio is currently 209.35%.

Insider Activity at J. M. Smucker

In related news, CFO Tucker Marshall sold 18,482 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $132.05, for a total value of $2,440,548.10. Following the completion of the transaction, the chief financial officer directly owned 38,699 shares in the company, valued at approximately $5,110,202.95. This represents a 32.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Ferguson sold 2,522 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $132.41, for a total value of $333,938.02. Following the sale, the insider directly owned 36,295 shares of the company’s stock, valued at approximately $4,805,820.95. This trade represents a 6.50% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of J. M. Smucker

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in shares of J. M. Smucker by 36.3% in the first quarter. Royal Bank of Canada now owns 168,591 shares of the company’s stock valued at $16,258,000 after purchasing an additional 44,935 shares during the period. Castleark Management LLC acquired a new position in shares of J. M. Smucker in the first quarter valued at approximately $5,746,000. Janus Henderson Group PLC increased its stake in J. M. Smucker by 165.5% during the 1st quarter. Janus Henderson Group PLC now owns 47,117 shares of the company’s stock worth $4,545,000 after buying an additional 29,373 shares during the period. Delta Global Management LP purchased a new stake in J. M. Smucker during the 1st quarter worth approximately $1,951,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in J. M. Smucker during the 1st quarter worth approximately $4,071,000. 81.66% of the stock is owned by institutional investors and hedge funds.

About J. M. Smucker

The J. M. Smucker Company (NYSE:SJM) is a food and beverage company headquartered in Orrville, Ohio. Founded in 1897 by Jerome Monroe Smucker, the company began as a producer of apple butter and has expanded into a diversified portfolio of branded consumer products.

Smucker’s products include coffee, pet food and treats, fruit spreads, peanut butter, baking ingredients, and sweet baked snacks. Its well-known brands include Folgers, Café Bustelo, Dunkin’ packaged coffee, Jif, Smucker’s, Milk-Bone, Meow Mix, Kibbles ‘n Bits, 9Lives, Natural Balance, Hostess and Little Debbie snack products in select categories.