Key Points
- Insider sale: Robert Ferguson sold 2,522 J. M. Smucker shares for approximately $333,938, reducing his position by 6.5% to 36,295 shares.
- Strong quarterly results: Smucker reported quarterly EPS of $3.24, beating estimates by $1.02, while revenue rose 5% year over year to $2.22 billion.
- Dividend and analyst outlook: The company raised its quarterly dividend to $1.12 per share, while analysts maintain a “Moderate Buy” consensus with an average price target of $136.25.
The J. M. Smucker Company (NYSE:SJM - Get Free Report) insider Robert Ferguson sold 2,522 shares of the business's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $132.41, for a total value of $333,938.02. Following the completion of the sale, the insider owned 36,295 shares in the company, valued at $4,805,820.95. The trade was a 6.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
J. M. Smucker Stock Performance
Shares of SJM stock opened at $131.27 on Thursday. The J. M. Smucker Company has a one year low of $88.25 and a one year high of $135.89. The company has a fifty day moving average price of $118.99 and a two-hundred day moving average price of $108.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.87 and a quick ratio of 0.35. The stock has a market cap of $14.02 billion, a P/E ratio of 61.34, a P/E/G ratio of 1.69 and a beta of 0.27.
J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly 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. The business had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.13 billion. J. M. Smucker had a return on equity of 19.85% and a net margin of 2.51%.The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $1.90 EPS. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. As a group, equities analysts predict that The J. M. Smucker Company will post 10.71 EPS for the current year.
J. M. Smucker Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were given a dividend of $1.12 per share. The ex-dividend date was Friday, August 14th. This represents a $4.48 annualized dividend and a yield of 3.4%. This is a boost from J. M. Smucker's previous quarterly dividend of $1.10. J. M. Smucker's dividend payout ratio is 209.35%.
Institutional Trading of J. M. Smucker
Several hedge funds have recently bought and sold shares of SJM. California State Teachers Retirement System lifted its position in J. M. Smucker by 10,950.6% during the second quarter. California State Teachers Retirement System now owns 13,894,200 shares of the company's stock valued at $1,563,098,000 after purchasing an additional 13,768,467 shares during the last quarter. Studio Investment Management LLC grew its stake in J. M. Smucker by 10.3% in 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. increased its holdings in J. M. Smucker by 8.8% during the 2nd quarter. Mufg Securities Americas Inc. now owns 3,212 shares of the company's stock worth $361,000 after purchasing an additional 260 shares during the period. Archer Investment Corp bought a new stake in shares of J. M. Smucker in the second quarter valued at about $25,000. Finally, Public Employees Retirement System of Ohio bought a new stake in J. M. Smucker during the 2nd quarter valued at $3,351,000. Hedge funds and other institutional investors own 81.66% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on SJM shares. Morgan Stanley increased their price objective on shares of J. M. Smucker from $106.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 10th. HC Wainwright set a $123.00 target price on shares of J. M. Smucker in a research note on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft set a $125.00 target price on J. M. Smucker in a report on Thursday, August 27th. Barclays boosted their target price on J. M. Smucker from $125.00 to $145.00 and gave the company an "equal weight" rating in a research note on Thursday, August 27th. Finally, Bank of America lifted their price target on shares of J. M. Smucker from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Wednesday, June 10th. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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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