Insider Selling: The J. M. Smucker Company (NYSE:SJM) CEO Sells 30,000 Shares of Stock

The J. M. Smucker Company (NYSE:SJM – Get Rating) CEO Mark T. Smucker sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $153.41, for a total value of $4,602,300.00. Following the completion of the sale, the chief executive officer now owns 110,260 shares in the company, valued at approximately $16,914,986.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

J. M. Smucker Stock Down 1.3 %

NYSE SJM opened at $151.88 on Friday. The business has a fifty day moving average price of $150.62 and a 200 day moving average price of $148.44. The J. M. Smucker Company has a one year low of $119.82 and a one year high of $163.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.45 and a current ratio of 1.16. The company has a market cap of $16.20 billion, a P/E ratio of 22.87, a P/E/G ratio of 4.42 and a beta of 0.21.

J. M. Smucker (NYSE:SJM – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.13 by $0.08. J. M. Smucker had a return on equity of 11.10% and a net margin of 8.54%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the company earned $2.33 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Research analysts anticipate that The J. M. Smucker Company will post 8.68 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Thursday, February 9th. J. M. Smucker’s dividend payout ratio (DPR) is presently 61.45%.

Institutional Trading of J. M. Smucker

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Park National Corp OH increased its stake in shares of J. M. Smucker by 2.1% in the 4th quarter. Park National Corp OH now owns 3,389 shares of the company’s stock worth $537,000 after acquiring an additional 69 shares during the last quarter. Sawtooth Solutions LLC increased its stake in shares of J. M. Smucker by 2.4% in the 3rd quarter. Sawtooth Solutions LLC now owns 3,012 shares of the company’s stock worth $414,000 after acquiring an additional 72 shares during the last quarter. Alaska Permanent Fund Corp increased its stake in shares of J. M. Smucker by 0.6% in the 4th quarter. Alaska Permanent Fund Corp now owns 11,764 shares of the company’s stock worth $1,865,000 after acquiring an additional 72 shares during the last quarter. Kinneret Advisory LLC increased its stake in shares of J. M. Smucker by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 3,302 shares of the company’s stock worth $447,000 after acquiring an additional 74 shares during the last quarter. Finally, Synovus Financial Corp increased its stake in shares of J. M. Smucker by 2.9% in the 4th quarter. Synovus Financial Corp now owns 2,715 shares of the company’s stock worth $430,000 after acquiring an additional 76 shares during the last quarter. 79.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on SJM shares. UBS Group upgraded J. M. Smucker from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $132.00 to $155.00 in a research report on Friday, February 10th. JPMorgan Chase & Co. upped their price objective on J. M. Smucker from $157.00 to $158.00 and gave the stock a “neutral” rating in a research report on Thursday, March 2nd. Credit Suisse Group upped their price objective on J. M. Smucker from $145.00 to $165.00 in a research report on Thursday, December 15th. Morgan Stanley upgraded J. M. Smucker from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $135.00 to $158.00 in a research report on Tuesday, December 20th. Finally, StockNews.com began coverage on J. M. Smucker in a research report on Thursday. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and an average target price of $149.70.

J. M. Smucker Company Profile

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The J. M. Smucker Co engages in the manufacture and marketing of food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes domestic sales of Folgers, Dunkin’ Donuts, and Café Bustelo branded coffee.