Insider Selling: The J. M. Smucker Company (NYSE:SJM) Insider Sells 5,117 Shares of Stock

The J. M. Smucker Company (NYSE:SJM - Get Free Report) insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the sale, the insider now owns 8,794 shares of the company's stock, valued at approximately $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

J. M. Smucker Stock Up 1.7 %

Shares of NYSE:SJM traded up $2.03 during trading on Monday, reaching $118.35. The stock had a trading volume of 1,761,042 shares, compared to its average volume of 1,175,399. The J. M. Smucker Company has a one year low of $98.77 and a one year high of $125.75. The firm's 50-day simple moving average is $108.21 and its 200 day simple moving average is $112.17. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $12.59 billion, a P/E ratio of 23.96, a PEG ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. As a group, research analysts expect that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $1.08 per share. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.65%. J. M. Smucker's dividend payout ratio is presently -179.25%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SJM. StockNews.com raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday. Barclays lowered their price objective 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. DA Davidson lowered their price objective on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Stifel Nicolaus decreased their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a report on Friday, January 24th. Finally, Morgan Stanley began coverage on J. M. Smucker in a research note on Monday, March 24th. They set an "overweight" rating and a $123.00 price target for the company. One research 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 MarketBeat.com, J. M. Smucker presently has a consensus rating of "Hold" and a consensus target price of $125.67.

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Institutional Investors Weigh In On J. M. Smucker

Several hedge funds have recently bought and sold shares of SJM. The Manufacturers Life Insurance Company increased its stake in shares of J. M. Smucker by 21.8% during the third quarter. The Manufacturers Life Insurance Company now owns 84,462 shares of the company's stock worth $10,228,000 after purchasing an additional 15,092 shares in the last quarter. Townsquare Capital LLC increased its position in shares of J. M. Smucker by 14.5% during the third quarter. Townsquare Capital LLC now owns 2,358 shares of the company's stock worth $286,000 after purchasing an additional 298 shares in the last quarter. CreativeOne Wealth LLC raised its stake in J. M. Smucker by 12.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 7,120 shares of the company's stock valued at $862,000 after purchasing an additional 764 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in J. M. Smucker by 14.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 4,618 shares of the company's stock worth $559,000 after purchasing an additional 600 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in shares of J. M. Smucker by 0.5% in the third quarter. Captrust Financial Advisors now owns 57,006 shares of the company's stock valued at $6,903,000 after buying an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 81.66% of the company's stock.

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.

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