Rep. David Taylor Sells The J. M. Smucker Company (NYSE:SJM) Stock

Representative David Taylor (R-Ohio) recently sold shares of The J. M. Smucker Company (NYSE:SJM). In a filing disclosed on April 03rd, the Representative disclosed that they had sold between $1,001 and $15,000 in J. M. Smucker stock on February 20th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 3/27/2025.
• Purchased $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Eaton NYSE: ETN on 3/10/2025.
• Sold $1,001 - $15,000 in shares of American Electric Power NASDAQ: AEP on 3/10/2025.
• Sold $1,001 - $15,000 in shares of AT&T NYSE: T on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Kroger NYSE: KR on 2/20/2025.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 2/10/2025.
• Purchased $1,001 - $15,000 in shares of J. M. Smucker NYSE: SJM on 2/10/2025.
• Purchased $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 2/5/2025.

J. M. Smucker Stock Up 4.5 %

NYSE SJM traded up $5.00 on Wednesday, reaching $115.18. The company had a trading volume of 1,555,086 shares, compared to its average volume of 1,185,667. The company's fifty day moving average is $110.30 and its 200-day moving average is $111.96. The J. M. Smucker Company has a 1-year low of $98.77 and a 1-year high of $125.42. The firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

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J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. On average, research analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $1.08 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 3.75%. J. M. Smucker's dividend payout ratio is currently -179.25%.

Analysts Set New Price Targets

SJM has been the subject of a number of analyst reports. Stifel Nicolaus decreased their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, January 24th. TD Cowen cut J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price objective for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Morgan Stanley initiated coverage on J. M. Smucker in a research report on Monday, March 24th. They issued an "overweight" rating and a $123.00 target price on the stock. DA Davidson dropped their price objective on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, J. M. Smucker has a consensus rating of "Hold" and an average price target of $125.67.

Insider Activity

In related news, CFO Tucker H. Marshall sold 5,028 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now directly owns 13,263 shares of the company's stock, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the sale, the insider now directly owns 8,794 shares of the company's stock, valued at $1,022,390.44. This trade represents a 36.78 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On J. M. Smucker

Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of J. M. Smucker by 21.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 84,462 shares of the company's stock worth $10,228,000 after acquiring an additional 15,092 shares in the last quarter. Townsquare Capital LLC increased its holdings in J. M. Smucker by 14.5% in 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. Public Sector Pension Investment Board lifted its stake in J. M. Smucker by 14.9% in the third quarter. Public Sector Pension Investment Board now owns 4,618 shares of the company's stock valued at $559,000 after buying an additional 600 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of J. M. Smucker by 61,571.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 21,585 shares of the company's stock worth $2,614,000 after buying an additional 21,550 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of J. M. Smucker during the 3rd quarter worth approximately $4,945,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

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.