Tucker H. Marshall Sells 994 Shares of The J. M. Smucker Company (NYSE:SJM) Stock

The J. M. Smucker Company (NYSE:SJM) CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

J. M. Smucker Stock Performance

NYSE SJM traded down $4.33 on Wednesday, hitting $110.23. 1,212,700 shares of the company’s stock were exchanged, compared to its average volume of 1,185,301. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 3.46 and a beta of 0.26. The firm’s 50-day moving average price is $115.43 and its two-hundred day moving average price is $115.97. The J. M. Smucker Company has a fifty-two week low of $105.69 and a fifty-two week high of $134.62. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the company posted $2.59 earnings per share. J. M. Smucker’s quarterly revenue was up 17.2% on a year-over-year basis. On average, research analysts expect that The J. M. Smucker Company will post 9.89 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Friday, November 15th. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Studio Investment Management LLC acquired a new stake in shares of J. M. Smucker in the 2nd quarter worth approximately $26,000. Venturi Wealth Management LLC boosted its position in J. M. Smucker by 1,329.4% during the third 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. Catalyst Capital Advisors LLC acquired a new stake in J. M. Smucker in the third quarter valued at $39,000. Quarry LP increased its position in shares of J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after buying an additional 219 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of J. M. Smucker during the 3rd quarter worth $40,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. DA Davidson reiterated a “neutral” rating and issued a $121.00 price target on shares of J. M. Smucker in a research report on Thursday, August 29th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Stifel Nicolaus downgraded J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the company from $135.00 to $125.00 in a research note on Friday, October 25th. Finally, Barclays decreased their price objective on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, J. M. Smucker has a consensus rating of “Hold” and an average target price of $128.56.

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.