J.M. Smucker Company (The) (SJM) Director Acquires $107,300.00 in Stock
J.M. Smucker Company (The) (NYSE:SJM) Director Gary A. Oatey purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average price of $107.30 per share, for a total transaction of $107,300.00. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of J.M. Smucker Company (NYSE:SJM) traded down 0.65% during mid-day trading on Wednesday, reaching $107.05. The company’s stock had a trading volume of 755,839 shares. J.M. Smucker Company has a one year low of $103.50 and a one year high of $143.68. The firm’s 50 day moving average is $115.83 and its 200 day moving average is $124.61. The firm has a market cap of $12.16 billion, a PE ratio of 22.48 and a beta of 0.62.
J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings results on Thursday, August 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.10). The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.81 billion. J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 earnings per share. On average, equities analysts anticipate that J.M. Smucker Company will post $7.74 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a dividend of $0.78 per share. The ex-dividend date was Wednesday, August 9th. This is an increase from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.91%. J.M. Smucker Company (The)’s dividend payout ratio is presently 65.55%.
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Several analysts recently weighed in on SJM shares. Citigroup Inc. cut their price target on J.M. Smucker Company (The) from $155.00 to $133.00 and set a “buy” rating on the stock in a research note on Friday, August 25th. Stephens downgraded J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $165.00 to $125.00 in a research note on Wednesday, July 19th. Credit Suisse Group restated a “neutral” rating and issued a $126.00 price target (down previously from $138.00) on shares of J.M. Smucker Company (The) in a research note on Friday, May 19th. Zacks Investment Research downgraded J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. Finally, Morgan Stanley reiterated a “sell” rating and set a $108.00 target price (down from $114.00) on shares of J.M. Smucker Company (The) in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $126.73.
Institutional investors and hedge funds have recently made changes to their positions in the company. Sun Life Financial INC grew its holdings in shares of J.M. Smucker Company (The) by 10,512.5% during the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock valued at $100,000 after buying an additional 841 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of J.M. Smucker Company (The) during the first quarter valued at $126,000. Paradigm Asset Management Co. LLC grew its holdings in shares of J.M. Smucker Company (The) by 4.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after buying an additional 50 shares during the last quarter. BT Investment Management Ltd purchased a new stake in shares of J.M. Smucker Company (The) during the second quarter valued at $204,000. Finally, Allegis Investment Advisors LLC purchased a new stake in shares of J.M. Smucker Company (The) during the second quarter valued at $205,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.
J.M. Smucker Company (The) Company Profile
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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