Traders Sell Shares of J.M. Smucker Co. (SJM) on Strength (SJM)
Traders sold shares of J.M. Smucker Co. (NYSE:SJM) on strength during trading hours on Thursday. $16.97 million flowed into the stock on the tick-up and $41.16 million flowed out of the stock on the tick-down, for a money net flow of $24.19 million out of the stock. Of all equities tracked, J.M. Smucker had the 0th highest net out-flow for the day. J.M. Smucker traded up $0.61 for the day and closed at $152.35
A number of equities analysts recently commented on SJM shares. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $158.00 target price (up from $156.00) on shares of J.M. Smucker in a report on Friday, June 10th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $152.00 target price (up from $143.00) on shares of J.M. Smucker in a report on Friday, June 10th. Citigroup Inc. reaffirmed a “buy” rating and issued a $165.00 target price (up from $150.00) on shares of J.M. Smucker in a report on Friday, June 10th. Zacks Investment Research raised J.M. Smucker from a “hold” rating to a “buy” rating and set a $143.00 target price on the stock in a report on Tuesday, April 26th. Finally, Stephens reaffirmed a “buy” rating on shares of J.M. Smucker in a report on Monday, June 13th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. J.M. Smucker currently has a consensus rating of “Hold” and a consensus target price of $146.80.
The stock has a market capitalization of $17.95 billion and a PE ratio of 26.76. The firm’s 50-day moving average price is $149.92 and its 200 day moving average price is $133.29.
J.M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Thursday, June 9th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.67. During the same period last year, the firm earned $0.98 earnings per share. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.75 billion. J.M. Smucker’s quarterly revenue was up 24.9% compared to the same quarter last year. Equities research analysts forecast that J.M. Smucker Co. will post $7.70 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 12th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $3.00 dividend on an annualized basis and a yield of 1.95%. This is a boost from J.M. Smucker’s previous quarterly dividend of $0.67.
In related news, Director David J. West sold 865 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 206,790 shares in the company, valued at $30,118,963.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jill R. Penrose sold 519 shares of the business’s stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $146.96, for a total transaction of $76,272.24. Following the transaction, the senior vice president now owns 7,636 shares of the company’s stock, valued at $1,122,186.56. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have bought and sold shares of the stock. Advantus Capital Management Inc increased its position in J.M. Smucker by 20.1% in the fourth quarter. Advantus Capital Management Inc now owns 11,581 shares of the company’s stock worth $1,428,000 after buying an additional 1,938 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of J.M. Smucker by 17.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 13,977 shares of the company’s stock worth $1,724,000 after buying an additional 2,065 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of J.M. Smucker by 30.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 15,868 shares of the company’s stock worth $1,957,000 after buying an additional 3,736 shares during the period. BHF Kleinwort Benson Group S.A. purchased a new position in shares of J.M. Smucker during the fourth quarter worth $2,054,000. Finally, Advisors Asset Management Inc. increased its position in shares of J.M. Smucker by 166.9% in the fourth quarter. Advisors Asset Management Inc. now owns 18,926 shares of the company’s stock worth $2,334,000 after buying an additional 11,836 shares during the period.
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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