The J. M. Smucker Company (NYSE:SJM) CEO Sells $1,101,600.00 in Stock

The J. M. Smucker Company (NYSE:SJM) CEO Mark T. Smucker sold 10,000 shares of J. M. Smucker stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the transaction, the chief executive officer now directly owns 78,757 shares in the company, valued at $8,675,871.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

J. M. Smucker Trading Down 0.3 %

NYSE SJM opened at $107.70 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $153.94. The stock has a market capitalization of $11.44 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.16 and a beta of 0.23. The firm has a 50 day moving average of $112.62 and a two-hundred day moving average of $120.49.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, June 6th. The company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.32 by $0.34. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the business posted $2.64 EPS. The firm’s revenue was down 1.3% on a year-over-year basis. As a group, research analysts expect that The J. M. Smucker Company will post 10.06 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 3.94%. The ex-dividend date was Thursday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is presently 59.55%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Argus reduced their target price on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, June 13th. TD Cowen reduced their price target on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. JPMorgan Chase & Co. boosted their price target on shares of J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Barclays reduced their price target on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Monday, June 10th. Finally, Stifel Nicolaus raised shares of J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus target price of $132.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SJM. Vanguard Group Inc. lifted its position in shares of J. M. Smucker by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock worth $1,702,515,000 after buying an additional 518,433 shares during the last quarter. Boston Partners purchased a new stake in shares of J. M. Smucker during the 1st quarter worth approximately $364,990,000. Dimensional Fund Advisors LP lifted its position in shares of J. M. Smucker by 13.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,688,930 shares of the company’s stock worth $213,441,000 after buying an additional 202,092 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of J. M. Smucker by 487.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock worth $178,961,000 after buying an additional 1,210,837 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its position in shares of J. M. Smucker by 29.0% during the 1st quarter. Champlain Investment Partners LLC now owns 1,457,995 shares of the company’s stock worth $183,518,000 after buying an additional 327,680 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

About J. M. Smucker

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.