J. M. Smucker (NYSE:SJM) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

The J. M. Smucker Company (NYSE:SJM) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $112.70 and traded as high as $129.47. J. M. Smucker shares last traded at $127.7850, with a volume of 906,989 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SJM. TD Cowen boosted their price target on shares of J. M. Smucker from $123.00 to $136.00 and gave the stock a “hold” rating in a report on Thursday, August 27th. Evercore reiterated an “outperform” rating and issued a $150.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 27th. Royal Bank Of Canada lifted their target price on shares of J. M. Smucker from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Weiss Ratings upgraded J. M. Smucker from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 26th. Finally, Jefferies Financial Group upped their target price on J. M. Smucker from $129.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.94.

J. M. Smucker Stock Performance

The firm has a market capitalization of $13.88 billion, a PE ratio of 60.74, a P/E/G ratio of 1.72 and a beta of 0.28. 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 company’s fifty day simple moving average is $123.47 and its 200 day simple moving average is $112.97.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company earned $1.90 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. As a group, equities research analysts expect that The J. M. Smucker Company will post 10.71 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a dividend of $1.12 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $4.48 dividend on an annualized basis and a yield of 3.4%. J. M. Smucker’s payout ratio is presently 209.35%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Robert Ferguson sold 2,522 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $132.41, for a total transaction of $333,938.02. Following the sale, the insider owned 36,295 shares in the company, valued at $4,805,820.95. This represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Tucker Marshall sold 18,482 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $5,110,202.95. The trade was a 32.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of J. M. Smucker by 15.6% in 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 in the last quarter. Bank of New York Mellon Corp purchased a new position in J. M. Smucker during the second quarter valued at approximately $103,113,000. Bank of America Corp DE increased its holdings in J. M. Smucker by 5.9% during the 1st quarter. Bank of America Corp DE now owns 767,336 shares of the company’s stock worth $74,002,000 after acquiring an additional 43,043 shares during the period. Bessemer Group Inc. increased its holdings in J. M. Smucker by 22,662.1% during the 1st quarter. Bessemer Group Inc. now owns 726,112 shares of the company’s stock worth $70,025,000 after acquiring an additional 722,922 shares during the period. Finally, First Trust Advisors LP lifted its stake in J. M. Smucker by 16.6% in the 1st quarter. First Trust Advisors LP now owns 657,159 shares of the company’s stock worth $63,376,000 after purchasing an additional 93,657 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Company Profile

The J. M. Smucker Company, founded in 1897 by Jerome Monroe Smucker in Orrville, Ohio, is a food and beverage company serving consumers primarily in the United States and Canada. The company sells branded products through grocery retailers, club stores, e-commerce channels, foodservice distributors and other outlets.

Its portfolio includes coffee brands such as Folgers, Dunkin’ and Café Bustelo; fruit spreads and toppings sold under the Smucker’s name; and peanut butter and related products under the Jif brand.