Investors Purchase High Volume of Put Options on J. M. Smucker (NYSE:SJM)

The J. M. Smucker Company (NYSE:SJMGet Rating) was the target of unusually large options trading activity on Monday. Stock investors acquired 2,134 put options on the company. This represents an increase of approximately 147% compared to the typical volume of 865 put options.

Wall Street Analysts Forecast Growth

SJM has been the subject of several analyst reports. StockNews.com assumed coverage on shares of J. M. Smucker in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. UBS Group upped their price objective on shares of J. M. Smucker to $128.00 in a report on Monday. Morgan Stanley upped their price objective on shares of J. M. Smucker from $117.00 to $132.00 and gave the stock an “underweight” rating in a report on Wednesday, August 24th. Bank of America upgraded shares of J. M. Smucker from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $145.00 to $155.00 in a report on Wednesday, August 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of J. M. Smucker from $143.00 to $145.00 and gave the stock a “hold” rating in a report on Monday, November 14th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $139.45.

Insiders Place Their Bets

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $143.02, for a total value of $1,430,200.00. Following the completion of the transaction, the chief executive officer now owns 86,649 shares in the company, valued at $12,392,539.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Mark T. Smucker sold 10,000 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $143.02, for a total transaction of $1,430,200.00. Following the completion of the sale, the chief executive officer now owns 86,649 shares of the company’s stock, valued at $12,392,539.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard K. Smucker sold 20,000 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $142.28, for a total transaction of $2,845,600.00. Following the sale, the director now directly owns 631,010 shares of the company’s stock, valued at approximately $89,780,102.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,019 shares of company stock worth $8,995,996. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its position in J. M. Smucker by 3.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 62,322 shares of the company’s stock worth $8,439,000 after purchasing an additional 1,839 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of J. M. Smucker by 1.6% in the 2nd quarter. Private Advisor Group LLC now owns 17,770 shares of the company’s stock worth $2,275,000 after acquiring an additional 281 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of J. M. Smucker by 36.2% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 594 shares of the company’s stock worth $76,000 after acquiring an additional 158 shares during the period. ACG Wealth acquired a new stake in shares of J. M. Smucker in the 2nd quarter worth $90,000. Finally, AIA Group Ltd lifted its stake in shares of J. M. Smucker by 41.4% in the 1st quarter. AIA Group Ltd now owns 1,857 shares of the company’s stock worth $251,000 after acquiring an additional 544 shares during the period. 79.56% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Trading Up 1.3 %

NYSE SJM opened at $148.11 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 0.45. The firm’s fifty day moving average price is $143.01 and its 200 day moving average price is $136.40. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 6.17 and a beta of 0.25. J. M. Smucker has a 12 month low of $119.82 and a 12 month high of $152.16.

J. M. Smucker (NYSE:SJMGet Rating) last posted its earnings results on Monday, November 21st. The company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.21. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a net margin of 7.33% and a return on equity of 11.38%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $2.43 EPS. On average, sell-side analysts expect that J. M. Smucker will post 8.55 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 11th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, November 9th. J. M. Smucker’s payout ratio is currently 75.00%.

About J. M. Smucker

(Get Rating)

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.

See Also

Receive News & Ratings for J. M. Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J. M. Smucker and related companies with MarketBeat.com's FREE daily email newsletter.