J. M. Smucker (NYSE:SJM) CFO Sells 18,482 Shares of Stock

Key Points

• CFO Tucker Marshall sold 18,482 J. M. Smucker shares at an average price of $132.05, generating approximately $2.44 million. The sale reduced his direct ownership by 32.32% to 38,699 shares.
• Smucker reported quarterly earnings of $3.24 per share, beating estimates by $1.02, while revenue rose 5% year over year to $2.22 billion. The company set fiscal 2027 EPS guidance at $10.50–$11.00.
• The company raised its quarterly dividend to $1.12 per share, equal to a $4.48 annualized 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) CFO Tucker Marshall sold 18,482 shares of the firm's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $132.05, for a total transaction of $2,440,548.10. Following the transaction, the chief financial officer directly owned 38,699 shares in the company, valued at $5,110,202.95. The trade was a 32.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

J. M. Smucker Stock Performance

NYSE SJM traded down $1.07 during trading on Monday, reaching $131.27. The company's stock had a trading volume of 1,246,378 shares, compared to its average volume of 1,818,444. The business's fifty day moving average price is $117.70 and its 200-day moving average price is $108.14. The J. M. Smucker Company has a twelve month low of $88.25 and a twelve month high of $135.89. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.87. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of 61.34, a P/E/G ratio of 1.50 and a beta of 0.25.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.22 by $1.02. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.13 billion. J. M. Smucker had a net margin of 2.51% and a return on equity of 19.85%. The business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.90 earnings per share. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. As a group, analysts anticipate that The J. M. Smucker Company will post 10.54 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

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

Hedge Funds Weigh In On J. M. Smucker

Several hedge funds have recently bought and sold shares of SJM. Archer Investment Corp purchased a new stake in J. M. Smucker during the second quarter worth $25,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of J. M. Smucker in the fourth quarter valued at $25,000. CYBER HORNET ETFs LLC acquired a new position in shares of J. M. Smucker during the 2nd quarter worth $27,000. Fideuram Asset Management Ireland dac acquired a new position in shares of J. M. Smucker during the 4th quarter worth $32,000. Finally, MCF Advisors LLC raised its stake in shares of J. M. Smucker by 68.1% during the 4th quarter. MCF Advisors LLC now owns 311 shares of the company's stock worth $30,000 after buying an additional 126 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on SJM. JPMorgan Chase & Co. upped their price objective on shares of J. M. Smucker from $125.00 to $139.00 and gave the stock an "overweight" rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft set a $125.00 price objective on shares of J. M. Smucker in a research report on Thursday. Evercore reiterated an "outperform" rating and set a $150.00 target price on shares of J. M. Smucker in a research report on Thursday. Bank of America raised their price target on J. M. Smucker from $130.00 to $132.00 and gave the company a "buy" rating in a report on Wednesday, June 10th. Finally, HC Wainwright set a $123.00 price objective on J. M. Smucker in a report on Wednesday, August 19th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $136.25.

J. M. Smucker Company Profile

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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