The J. M. Smucker Company (NYSE:SJM - Get Free Report) insider Jeannette L. Knudsen sold 3,200 shares of the firm's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the transaction, the insider now directly owns 8,946 shares of the company's stock, valued at approximately $1,116,192.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
J. M. Smucker Stock Performance
Shares of J. M. Smucker stock opened at $125.83 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.78 and a quick ratio of 0.38. The stock has a market capitalization of $13.36 billion, a price-to-earnings ratio of -142.99, a PEG ratio of 2.01 and a beta of 0.21. The firm's fifty day simple moving average is $125.94 and its 200-day simple moving average is $121.88. The J. M. Smucker Company has a 12 month low of $107.33 and a 12 month high of $159.92.
J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The business had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.22 billion. During the same period in the prior year, the company posted $2.21 EPS. The business's revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts forecast that The J. M. Smucker Company will post 9.6 earnings per share for the current year.
J. M. Smucker Dividend Announcement
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a $1.06 dividend. The ex-dividend date was Thursday, February 15th. This represents a $4.24 annualized dividend and a dividend yield of 3.37%. J. M. Smucker's dividend payout ratio is presently -481.81%.
Analysts Set New Price Targets
Several research firms have recently commented on SJM. Deutsche Bank Aktiengesellschaft raised their price objective on shares of J. M. Smucker from $125.00 to $126.00 and gave the company a "hold" rating in a research note on Wednesday, December 6th. DA Davidson initiated coverage on shares of J. M. Smucker in a research note on Friday, March 1st. They issued a "neutral" rating and a $132.00 price target for the company. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Saturday, March 23rd. Citigroup decreased their price target on shares of J. M. Smucker from $153.00 to $152.00 and set a "buy" rating for the company in a research note on Wednesday, February 28th. Finally, Stifel Nicolaus upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and set a $135.00 price target for the company in a research note on Wednesday, February 28th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $137.20.
Check Out Our Latest Stock Report on SJM
Institutional Investors Weigh In On J. M. Smucker
Several institutional investors and hedge funds have recently made changes to their positions in the business. Fairfield Bush & CO. lifted its holdings in J. M. Smucker by 1.5% in the 1st quarter. Fairfield Bush & CO. now owns 30,551 shares of the company's stock valued at $4,137,000 after purchasing an additional 461 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in J. M. Smucker by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,499 shares of the company's stock valued at $1,963,000 after purchasing an additional 898 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in J. M. Smucker by 1.7% in the 1st quarter. Allianz Asset Management GmbH now owns 339,555 shares of the company's stock valued at $45,980,000 after purchasing an additional 5,531 shares in the last quarter. National Pension Service lifted its holdings in J. M. Smucker by 1,012.2% in the 1st quarter. National Pension Service now owns 192,636 shares of the company's stock valued at $26,085,000 after purchasing an additional 175,315 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in J. M. Smucker by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company's stock valued at $1,722,666,000 after purchasing an additional 162,944 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.
J. M. Smucker Company Profile
(
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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, toppings, and syrups; jelly products; nut mix products; shortening and oils; 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.
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