J.M. Smucker Co. (SJM) Stock Price Up 0.9%
J.M. Smucker Co. (NYSE:SJM)’s share price rose 0.9% on Wednesday . The company traded as high as $141.20 and last traded at $141.04, with a volume of 579,145 shares. The stock had previously closed at $139.76.
SJM has been the topic of a number of research analyst reports. Credit Suisse Group AG restated a “buy” rating and issued a $158.00 target price (up previously from $156.00) on shares of J.M. Smucker in a research note on Friday, June 10th. Stephens restated a “buy” rating on shares of J.M. Smucker in a research note on Monday, June 13th. Citigroup Inc. restated a “buy” rating on shares of J.M. Smucker in a research note on Thursday, August 25th. Jefferies Group cut shares of J.M. Smucker from a “buy” rating to a “hold” rating and lifted their price target for the stock from $140.00 to $143.00 in a report on Friday, June 10th. They noted that the move was a valuation call. Finally, KeyCorp started coverage on shares of J.M. Smucker in a report on Wednesday, May 25th. They issued a “sector weight” rating on the stock. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. J.M. Smucker has an average rating of “Hold” and an average target price of $148.80.
The firm has a 50-day moving average of $150.73 and a 200-day moving average of $137.59. The stock has a market cap of $16.54 billion and a PE ratio of 23.368.
J.M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, August 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.12. The company earned $1.82 billion during the quarter. During the same quarter in the prior year, the company posted $1.32 EPS. The business’s revenue was down 7.0% compared to the same quarter last year. Equities analysts expect that J.M. Smucker Co. will post $7.69 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This is an increase from J.M. Smucker’s previous quarterly dividend of $0.67. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.13%.
In other news, SVP Jill R. Penrose sold 519 shares of the business’s stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $146.96, for a total value of $76,272.24. Following the completion of the sale, the senior vice president now owns 7,636 shares in the company, valued at approximately $1,122,186.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David J. West sold 865 shares of the business’s stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $145.65, for a total transaction of $125,987.25. Following the completion of the sale, the director now owns 206,790 shares of the company’s stock, valued at approximately $30,118,963.50. The disclosure for this sale can be found here.
Several large investors have bought and sold shares of the stock. BlackRock Advisors LLC raised its stake in J.M. Smucker by 32.8% in the fourth quarter. BlackRock Advisors LLC now owns 110,540 shares of the company’s stock valued at $13,634,000 after buying an additional 27,304 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in J.M. Smucker by 179.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 49,364 shares of the company’s stock valued at $6,089,000 after buying an additional 31,725 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in J.M. Smucker by 76.3% in the fourth quarter. Bank of Montreal Can now owns 84,878 shares of the company’s stock valued at $10,470,000 after buying an additional 36,746 shares in the last quarter.
The J. M. Smucker Company is a manufacturer and marketer of consumer food and beverage products and pet food and pet snacks in North America. The Company has four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International, Foodservice and Natural Foods. The Company’s U.S.
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