J. M. Smucker (NYSE:SJM) CFO Sells $1,204,237.29 in Stock

Key Points

• J. M. Smucker CFO Tucker Marshall sold 11,139 shares of the company’s stock for over $1.2 million, which represents a 24.75% decrease in his ownership.
• The company recently increased its quarterly dividend to $1.10 per share, with an annualized yield of 4.1%.
• Wells Fargo & Company upgraded J. M. Smucker's stock rating to "overweight" and raised the price target from $115.00 to $120.00.

The J. M. Smucker Company (NYSE:SJM - Get Free Report) CFO Tucker Marshall sold 11,139 shares of the company's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $108.11, for a total value of $1,204,237.29. Following the completion of the sale, the chief financial officer owned 33,864 shares of the company's stock, valued at $3,661,037.04. This trade represents a 24.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

J. M. Smucker Price Performance

J. M. Smucker stock traded down $0.08 during mid-day trading on Wednesday, hitting $108.53. The stock had a trading volume of 1,320,475 shares, compared to its average volume of 1,717,786. The firm has a market capitalization of $11.58 billion, a P/E ratio of -7.92, a P/E/G ratio of 7.42 and a beta of 0.27. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The firm's 50 day moving average is $109.65 and its 200 day moving average is $109.53. The J. M. Smucker Company has a one year low of $93.30 and a one year high of $125.42.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.05). J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the company posted $2.44 EPS. The company's quarterly revenue was down .6% on a year-over-year basis. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, sell-side analysts forecast that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $1.10 dividend. This is an increase from J. M. Smucker's previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.1%. J. M. Smucker's dividend payout ratio is currently -32.09%.

Institutional Investors Weigh In On J. M. Smucker

Institutional investors have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in J. M. Smucker by 5.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 815,412 shares of the company's stock valued at $96,553,000 after acquiring an additional 41,249 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of J. M. Smucker during the first quarter worth $203,000. Integrated Wealth Concepts LLC lifted its stake in shares of J. M. Smucker by 283.2% during the first quarter. Integrated Wealth Concepts LLC now owns 7,481 shares of the company's stock worth $886,000 after buying an additional 5,529 shares during the period. Swedbank AB lifted its stake in shares of J. M. Smucker by 7.9% during the second quarter. Swedbank AB now owns 147,812 shares of the company's stock worth $14,515,000 after buying an additional 10,813 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of J. M. Smucker by 113.5% during the first quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company's stock worth $346,000 after buying an additional 1,554 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of J. M. Smucker from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Citigroup reduced their price objective on shares of J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a research report on Wednesday, June 11th. Bank of America reduced their target price on shares of J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. Zacks Research upgraded shares of J. M. Smucker to a "hold" rating in a research note on Monday, August 11th. Finally, Morgan Stanley increased their price objective on shares of J. M. Smucker from $115.00 to $118.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $118.00.

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.

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