Insider Selling: The J. M. Smucker Company (NYSE:SJM) CFO Sells $569,974.08 in Stock

The J. M. Smucker Company (NYSE:SJM) CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the transaction, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

J. M. Smucker Stock Down 0.1 %

J. M. Smucker stock opened at $111.62 on Monday. The J. M. Smucker Company has a fifty-two week low of $98.77 and a fifty-two week high of $127.59. 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 company has a market capitalization of $11.88 billion, a P/E ratio of 22.59, a PEG ratio of 3.91 and a beta of 0.28. The stock has a 50-day simple moving average of $106.53 and a 200-day simple moving average of $112.58.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. Equities research analysts expect that The J. M. Smucker Company will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker’s payout ratio is currently -179.25%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Barclays lowered their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. DA Davidson lowered their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company upped their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $126.00.

Institutional Trading of J. M. Smucker

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. raised its stake in J. M. Smucker by 17.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 660 shares of the company’s stock valued at $73,000 after acquiring an additional 100 shares during the last quarter. Utah Retirement Systems raised its stake in J. M. Smucker by 0.6% during the 4th quarter. Utah Retirement Systems now owns 17,146 shares of the company’s stock valued at $1,888,000 after acquiring an additional 100 shares during the last quarter. Wallace Capital Management Inc. raised its stake in J. M. Smucker by 4.9% during the 4th quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company’s stock valued at $235,000 after acquiring an additional 100 shares during the last quarter. Trust Co. of Vermont raised its stake in J. M. Smucker by 4.1% during the 4th quarter. Trust Co. of Vermont now owns 2,731 shares of the company’s stock valued at $301,000 after acquiring an additional 108 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in J. M. Smucker by 6.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,845 shares of the company’s stock valued at $203,000 after acquiring an additional 115 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

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.