Insider Selling: The J. M. Smucker Company (NYSE:SJM) CFO Sells 5,028 Shares of Stock

The J. M. Smucker Company (NYSE:SJM - Get Free Report) CFO Tucker H. Marshall sold 5,028 shares of the firm'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 approximately $1,503,493.68. This represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

J. M. Smucker Stock Down 1.0 %

J. M. Smucker stock traded down $1.09 during midday trading on Tuesday, reaching $110.78. The stock had a trading volume of 1,249,599 shares, compared to its average volume of 1,119,985. The J. M. Smucker Company has a 12 month low of $98.77 and a 12 month high of $127.59. The company has a market capitalization of $11.79 billion, a P/E ratio of 22.43, a PEG ratio of 3.91 and a beta of 0.28. The company has a fifty day moving average price of $106.58 and a two-hundred day moving average price of $112.56. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89.

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

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J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker's dividend payout ratio is currently -179.25%.

Institutional Trading of J. M. Smucker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SJM. Principal Financial Group Inc. increased its holdings in J. M. Smucker by 4.5% during the 3rd quarter. Principal Financial Group Inc. now owns 135,465 shares of the company's stock worth $16,405,000 after purchasing an additional 5,790 shares in the last quarter. Sigma Planning Corp increased its holdings in J. M. Smucker by 5.1% during the 3rd quarter. Sigma Planning Corp now owns 4,115 shares of the company's stock worth $498,000 after purchasing an additional 201 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock worth $29,000 after purchasing an additional 226 shares in the last quarter. Entropy Technologies LP bought a new stake in J. M. Smucker during the 3rd quarter worth approximately $796,000. Finally, Harbour Investments Inc. boosted its stake in shares of J. M. Smucker by 175.5% in the 3rd quarter. Harbour Investments Inc. now owns 8,883 shares of the company's stock worth $1,076,000 after buying an additional 5,659 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SJM. DA Davidson lowered their target price 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. Barclays decreased their price target on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Wells Fargo & Company increased 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. 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. Finally, TD Cowen downgraded 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $126.00.

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.