Rep. Gilbert Ray Cisneros, Jr. Sells The J. M. Smucker Company (NYSE:SJM) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of The J. M. Smucker Company (NYSE:SJM). In a filing disclosed on February 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in J. M. Smucker stock on January 24th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of ICF International NASDAQ: ICFI on 2/3/2025.
• Purchased $15,001 - $50,000 in shares of CACI International NYSE: CACI on 1/31/2025.
• Purchased $50,001 - $100,000 in shares of Hawaiian Electric Industries NYSE: HE on 1/31/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of Agios Pharmaceuticals NASDAQ: AGIO on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Paragon 28 NYSE: FNA on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of U.S. Physical Therapy NYSE: USPH on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Crinetics Pharmaceuticals NASDAQ: CRNX on 1/29/2025.

J. M. Smucker Trading Down 2.9 %

Shares of NYSE:SJM traded down $3.10 during trading on Friday, reaching $102.07. 1,135,386 shares of the stock were exchanged, compared to its average volume of 913,482. 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 J. M. Smucker Company has a 12-month low of $99.81 and a 12-month high of $127.59. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 3.15 and a beta of 0.27. The firm's 50-day moving average price is $107.27 and its 200 day moving average price is $113.94.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.51 by $0.25. The business had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.59 EPS. On average, sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Friday, February 14th. J. M. Smucker's payout ratio is currently 87.45%.

Insider Activity at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the sale, the chief financial officer now directly owns 18,734 shares of the company's stock, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SJM shares. Stifel Nicolaus decreased their price target on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a report on Friday, January 24th. Barclays decreased their price target on J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating for the company in a report on Wednesday, December 4th. TD Cowen cut J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price target for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $126.78.

Hedge Funds Weigh In On J. M. Smucker

A number of institutional investors have recently made changes to their positions in SJM. Norges Bank acquired a new position in shares of J. M. Smucker in the 4th quarter valued at approximately $112,978,000. FMR LLC raised its position in shares of J. M. Smucker by 40.0% during the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company's stock valued at $406,169,000 after acquiring an additional 958,142 shares in the last quarter. LSV Asset Management raised its position in shares of J. M. Smucker by 3,599.5% during the 4th quarter. LSV Asset Management now owns 929,400 shares of the company's stock valued at $102,346,000 after acquiring an additional 904,278 shares in the last quarter. State Street Corp raised its position in shares of J. M. Smucker by 12.0% during the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company's stock valued at $861,145,000 after acquiring an additional 762,746 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of J. M. Smucker by 891.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company's stock valued at $70,226,000 after acquiring an additional 521,404 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.