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

The J. M. Smucker Company (NYSE:SJM) CFO Tucker H. Marshall sold 994 shares of the stock in a transaction dated 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 directly owns 18,734 shares in the company, valued at $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $110.23 on Thursday. The business has a 50 day moving average of $115.43 and a 200 day moving average of $115.97. The J. M. Smucker Company has a 52 week low of $105.69 and a 52 week high of $134.62. The company has a market cap of $11.73 billion, a PE ratio of 22.31, a P/E/G ratio of 3.46 and a beta of 0.26. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the company posted $2.59 EPS. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. As a group, equities research analysts forecast that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $1.08 per share. The ex-dividend date was Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 3.92%. J. M. Smucker’s dividend payout ratio is presently 87.45%.

Hedge Funds Weigh In On J. M. Smucker

A number of institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC grew its position in shares of J. M. Smucker by 1.3% in the 3rd quarter. Tidal Investments LLC now owns 15,038 shares of the company’s stock worth $1,821,000 after buying an additional 190 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in J. M. Smucker in the third quarter worth about $682,000. Soltis Investment Advisors LLC bought a new position in shares of J. M. Smucker during the third quarter valued at approximately $202,000. TD Private Client Wealth LLC increased its stake in shares of J. M. Smucker by 9.7% during the third 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. Finally, Coldstream Capital Management Inc. boosted its position in shares of J. M. Smucker by 13.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 19,503 shares of the company’s stock worth $2,357,000 after purchasing an additional 2,303 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price target for the company from $135.00 to $125.00 in a research report on Friday, October 25th. DA Davidson reaffirmed a “neutral” rating and set a $121.00 target price on shares of J. M. Smucker in a report on Thursday, August 29th. TD Cowen cut their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a report on Thursday, August 29th. BNP Paribas raised shares of J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Finally, Citigroup dropped their price objective on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $128.56.

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.