The J. M. Smucker Company (NYSE:SJM - Get Free Report) CFO Tucker Marshall sold 18,482 shares of J. M. Smucker stock in a transaction on Friday, August 28th. The shares were sold at an average price of $132.05, for a total transaction of $2,440,548.10. Following the completion of the transaction, the chief financial officer owned 38,699 shares in the company, valued at approximately $5,110,202.95. This trade represents a 32.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
J. M. Smucker Stock Down 0.8%
Shares of NYSE SJM opened at $131.27 on Tuesday. The stock has a market capitalization of $14.02 billion, a PE ratio of 61.34, a P/E/G ratio of 1.50 and a beta of 0.25. The company has a quick ratio of 0.35, a current ratio of 0.87 and a debt-to-equity ratio of 1.11. The firm has a fifty day moving average of $118.18 and a 200-day moving average of $108.30. The J. M. Smucker Company has a 52-week low of $88.25 and a 52-week high of $135.89.
J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.22 by $1.02. J. M. Smucker had a return on equity of 19.85% and a net margin of 2.51%.The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the company posted $1.90 EPS. The business's quarterly revenue was up 5.0% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. On average, analysts anticipate that The J. M. Smucker Company will post 10.54 EPS for the current year.
J. M. Smucker Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a $1.12 dividend. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.10. The ex-dividend date is Friday, August 14th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.4%. J. M. Smucker's dividend payout ratio (DPR) is 209.35%.
Institutional Investors Weigh In On J. M. Smucker
A number of large investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its holdings in shares of J. M. Smucker by 10,950.6% during the 2nd quarter. California State Teachers Retirement System now owns 13,894,200 shares of the company's stock valued at $1,563,098,000 after buying an additional 13,768,467 shares during the period. Studio Investment Management LLC lifted its position in J. M. Smucker by 10.3% during the 2nd quarter. Studio Investment Management LLC now owns 9,924 shares of the company's stock worth $1,116,000 after acquiring an additional 926 shares in the last quarter. Mufg Securities Americas Inc. boosted its holdings in J. M. Smucker by 8.8% in the 2nd quarter. Mufg Securities Americas Inc. now owns 3,212 shares of the company's stock worth $361,000 after acquiring an additional 260 shares during the period. Archer Investment Corp purchased a new position in J. M. Smucker in the 2nd quarter worth approximately $25,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in J. M. Smucker in the second quarter valued at approximately $3,351,000. Institutional investors and hedge funds own 81.66% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on SJM shares. Wall Street Zen upgraded J. M. Smucker from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Barclays raised their price target on shares of J. M. Smucker from $125.00 to $145.00 and gave the company an "equal weight" rating in a report on Thursday. BTIG Research reaffirmed a "buy" rating on shares of J. M. Smucker in a research report on Wednesday, August 26th. Weiss Ratings upgraded shares of J. M. Smucker from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 26th. Finally, Jefferies Financial Group increased their price objective on shares of J. M. Smucker from $129.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $136.25.
View Our Latest Report on SJM
About J. M. Smucker
(
Get Free Report)
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.
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