Tucker Marshall Sells 3,630 Shares of J. M. Smucker (NYSE:SJM) Stock

The J. M. Smucker Company (NYSE:SJM) CFO Tucker Marshall sold 3,630 shares of J. M. Smucker stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $111.05, for a total value of $403,111.50. Following the sale, the chief financial officer directly owned 38,699 shares of the company’s stock, valued at approximately $4,297,523.95. This trade represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

J. M. Smucker Trading Up 2.7%

NYSE SJM opened at $115.55 on Friday. The stock has a 50-day simple moving average of $103.45 and a 200 day simple moving average of $102.74. The company has a market capitalization of $12.32 billion, a PE ratio of -88.88, a P/E/G ratio of 1.57 and a beta of 0.27. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15. The J. M. Smucker Company has a 12 month low of $88.25 and a 12 month high of $119.39.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.13. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Research analysts forecast that The J. M. Smucker Company will post 9.95 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.40 annualized dividend and a yield of 3.8%. J. M. Smucker’s dividend payout ratio (DPR) is presently -338.46%.

Analysts Set New Price Targets

Several brokerages have commented on SJM. Bank of America upped their target price on shares of J. M. Smucker from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Royal Bank Of Canada boosted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. BTIG Research set a $130.00 price objective on shares of J. M. Smucker in a research report on Wednesday, June 10th. Stifel Nicolaus dropped their price objective on J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a research note on Tuesday, April 21st. Finally, UBS Group lifted their target price on J. M. Smucker from $121.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $121.13.

Institutional Trading of J. M. Smucker

Hedge funds have recently bought and sold shares of the stock. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of J. M. Smucker in the first quarter valued at approximately $372,000. DV Trading LLC acquired a new stake in shares of J. M. Smucker during the first quarter worth $240,000. Parallel Advisors LLC raised its holdings in shares of J. M. Smucker by 9.9% during the first quarter. Parallel Advisors LLC now owns 3,687 shares of the company’s stock worth $356,000 after acquiring an additional 332 shares during the period. NewEdge Advisors LLC lifted its position in J. M. Smucker by 0.9% in the 1st quarter. NewEdge Advisors LLC now owns 538,135 shares of the company’s stock valued at $51,898,000 after acquiring an additional 4,701 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in J. M. Smucker by 2.3% in the 1st quarter. Glenmede Trust Co. NA now owns 5,811 shares of the company’s stock valued at $560,000 after acquiring an additional 132 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.