Insider Selling: J. M. Smucker (NYSE:SJM) Insider Sells $333,938.02 in Stock

Key Points

• J. M. Smucker insider Robert Ferguson sold 2,522 shares at an average price of $132.41, generating $333,938.02 and reducing his holdings by 6.5% to 36,295 shares.
• The company reported a strong quarter, with EPS of $3.24 beating estimates by $1.02 and revenue rising 5% year over year to $2.22 billion.
• Smucker increased its quarterly dividend to $1.12, equivalent to a $4.48 annual payout and a 3.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $136.25.

The J. M. Smucker Company (NYSE:SJM - Get Free Report) insider Robert Ferguson sold 2,522 shares of the firm's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $132.41, for a total value of $333,938.02. Following the transaction, the insider directly owned 36,295 shares of the company's stock, valued at $4,805,820.95. This represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

J. M. Smucker Stock Down 0.1%

Shares of NYSE:SJM traded down $0.15 during midday trading on Wednesday, reaching $131.27. The company's stock had a trading volume of 1,149,590 shares, compared to its average volume of 1,813,895. The company has a quick ratio of 0.35, a current ratio of 0.87 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average of $118.60 and a 200-day moving average of $108.44. The firm has a market capitalization of $14.02 billion, a P/E ratio of 61.34, a PEG ratio of 1.46 and a beta of 0.27. The J. M. Smucker Company has a 12-month low of $88.25 and a 12-month high of $135.89.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $1.02. The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.13 billion. J. M. Smucker had a net margin of 2.51% and a return on equity of 19.85%. J. M. Smucker's revenue was up 5.0% on a year-over-year basis. During the same period last year, the company posted $1.90 EPS. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. On average, research analysts anticipate that The J. M. Smucker Company will post 10.71 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, August 14th. This is an increase from J. M. Smucker's previous quarterly dividend of $1.10. J. M. Smucker's dividend payout ratio (DPR) is currently 209.35%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. HC Wainwright set a $123.00 price objective on J. M. Smucker in a research note on Wednesday, August 19th. Wall Street Zen raised J. M. Smucker from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. UBS Group upped their price target on shares of J. M. Smucker from $130.00 to $142.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $125.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 27th. Finally, Royal Bank Of Canada lifted their target price on shares of J. M. Smucker from $135.00 to $150.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, J. M. Smucker presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.25.

Hedge Funds Weigh In On J. M. Smucker

Hedge funds have recently bought and sold shares of the business. Archer Investment Corp bought a new stake in shares of J. M. Smucker in the second quarter worth approximately $25,000. Garton & Associates Financial Advisors LLC bought a new position in J. M. Smucker during the fourth quarter valued at approximately $25,000. CYBER HORNET ETFs LLC bought a new position in J. M. Smucker during the second quarter valued at approximately $27,000. MCF Advisors LLC boosted its holdings in J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company's stock worth $30,000 after purchasing an additional 126 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in J. M. Smucker in the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company's main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker's core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker's® fruit spreads, Jif® peanut butter, Folgers® and Dunkin'® coffees, and Café Bustelo® coffee.

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