Tucker H. Marshall Sells 994 Shares of The J. M. Smucker Company (NYSE:SJM) Stock

The J. M. Smucker Company (NYSE:SJM) CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the sale, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

J. M. Smucker Stock Performance

Shares of SJM stock opened at $108.97 on Friday. The firm has a market cap of $11.60 billion, a P/E ratio of 22.06, a PEG ratio of 3.46 and a beta of 0.26. The stock’s 50-day moving average is $115.27 and its two-hundred day moving average is $115.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $134.62.

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

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Friday, November 15th. J. M. Smucker’s dividend payout ratio (DPR) is 87.45%.

Institutional Investors Weigh In On J. M. Smucker

Several hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its position in J. M. Smucker by 4.5% in the third quarter. Principal Financial Group Inc. now owns 135,465 shares of the company’s stock worth $16,405,000 after purchasing an additional 5,790 shares in the last quarter. Tidal Investments LLC grew its position in J. M. Smucker by 1.3% in the third quarter. Tidal Investments LLC now owns 15,038 shares of the company’s stock valued at $1,821,000 after acquiring an additional 190 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in J. M. Smucker during the third quarter worth $682,000. Soltis Investment Advisors LLC bought a new position in shares of J. M. Smucker during the third quarter valued at $202,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of J. M. Smucker by 9.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,768 shares of the company’s stock valued at $456,000 after purchasing an additional 334 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. DA Davidson reiterated a “neutral” rating and set a $121.00 price objective on shares of J. M. Smucker in a research report on Thursday, August 29th. Bank of America lowered their price target on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company upped their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Citigroup decreased their price objective on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Barclays dropped their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $128.56.

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.