Insider Selling: The J. M. Smucker Company (NYSE:SJM) CFO Sells $112,322.00 in Stock

The J. M. Smucker Company (NYSE:SJM) CFO Tucker H. Marshall sold 994 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the sale, the chief financial officer now owns 18,734 shares of the company’s stock, valued at approximately $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

J. M. Smucker Trading Up 0.8 %

Shares of NYSE:SJM opened at $109.89 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock’s 50-day moving average is $115.27 and its 200-day moving average is $115.92. The company has a market cap of $11.69 billion, a P/E ratio of 22.24, a P/E/G ratio of 3.46 and a beta of 0.26. The J. M. Smucker Company has a 52-week low of $105.69 and a 52-week high of $134.62.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the firm posted $2.59 EPS. The company’s revenue was up 17.2% on a year-over-year basis. Equities research analysts predict that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently 87.45%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. DA Davidson reiterated a “neutral” rating and set a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. Stifel Nicolaus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their target price for the company from $135.00 to $125.00 in a research note on Friday, October 25th. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Bank of America cut their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Wells Fargo & Company upped their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and an average target price of $128.56.

Institutional Trading of J. M. Smucker

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. increased its position in shares of J. M. Smucker by 6.8% during the third quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock valued at $587,000 after purchasing an additional 310 shares during the period. FMR LLC boosted its stake in J. M. Smucker by 40.0% during the third quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after buying an additional 958,142 shares in the last quarter. Great Valley Advisor Group Inc. bought a new stake in J. M. Smucker in the 3rd quarter valued at $3,266,000. Stoneridge Investment Partners LLC acquired a new position in shares of J. M. Smucker in the 2nd quarter valued at $1,565,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of J. M. Smucker by 60.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,334 shares of the company’s stock valued at $2,217,000 after buying an additional 7,662 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Company Profile

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.