J. M. Smucker (NYSE:SJM) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• J. M. Smucker shares crossed above their 200-day moving average, reaching $129.47 and last trading at $127.79, compared with the average of $112.70.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $135.94; ten analysts rate the stock a Buy and seven a Hold.
• The company exceeded quarterly expectations, reporting $3.24 in EPS versus a $2.22 estimate and $2.22 billion in revenue, up 5% year over year. However, two insiders recently sold shares, including the CFO’s sale of 18,482 shares.

Shares of The J. M. Smucker Company (NYSE:SJM - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $112.70 and traded as high as $129.47. J. M. Smucker shares last traded at $127.7850, with a volume of 906,989 shares trading hands.

Analyst Ratings Changes

Several research analysts have weighed in on SJM shares. TD Cowen upped their price objective on shares of J. M. Smucker from $123.00 to $136.00 and gave the stock a "hold" rating in a report on Thursday, August 27th. Evercore reiterated an "outperform" rating and set a $150.00 price objective on shares of J. M. Smucker in a report on Thursday, August 27th. UBS Group boosted their target price on shares of J. M. Smucker from $130.00 to $142.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Stifel Nicolaus set a $132.00 target price on shares of J. M. Smucker in a research report on Thursday, August 27th. Finally, Jefferies Financial Group upped their target price on shares of J. M. Smucker from $129.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $135.94.

J. M. Smucker Stock Down 1.5%

The company has a market cap of $13.65 billion, a P/E ratio of 59.71, a price-to-earnings-growth ratio of 1.75 and a beta of 0.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.87 and a quick ratio of 0.35. The stock has a fifty day moving average price of $123.22 and a two-hundred day moving average price of $112.70.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $3.24 earnings per share (EPS) 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 return on equity of 19.85% and a net margin of 2.51%. J. M. Smucker's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.90 earnings per share. J. M. Smucker has set its FY 2027 guidance at 10.500-11.000 EPS. On average, research analysts expect that The J. M. Smucker Company will post 10.71 EPS for the current year.

Insiders Place Their Bets

In other J. M. Smucker news, insider Robert Ferguson sold 2,522 shares of J. M. Smucker stock in a transaction on Monday, August 31st. The shares were sold at an average price of $132.41, for a total transaction 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. The trade was a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tucker Marshall sold 18,482 shares of the company'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 completion of the sale, the chief financial officer owned 38,699 shares of the company's stock, valued at approximately $5,110,202.95. The trade was a 32.32% decrease in their position. The SEC filing for this sale provides additional information. 2.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SJM. Archer Investment Corp purchased a new position in J. M. Smucker during the second quarter worth about $25,000. USA Financial Formulas bought a new stake in J. M. Smucker in the 3rd quarter worth about $37,000. EverSource Wealth Advisors LLC increased its stake in J. M. Smucker by 89.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 523 shares of the company's stock valued at $50,000 after buying an additional 247 shares during the last quarter. Root Financial Partners LLC increased its stake in J. M. Smucker by 105.9% in the 1st quarter. Root Financial Partners LLC now owns 593 shares of the company's stock valued at $57,000 after buying an additional 305 shares during the last quarter. Finally, Elevated Capital Advisors LLC increased its stake in J. M. Smucker by 681.7% in the 1st quarter. Elevated Capital Advisors LLC now owns 641 shares of the company's stock valued at $62,000 after buying an additional 559 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

About J. M. Smucker

The J. M. Smucker Company, founded in 1897 by Jerome Monroe Smucker in Orrville, Ohio, is a food and beverage company serving consumers primarily in the United States and Canada. The company sells branded products through grocery retailers, club stores, e-commerce channels, foodservice distributors and other outlets.

Its portfolio includes coffee brands such as Folgers, Dunkin' and Café Bustelo; fruit spreads and toppings sold under the Smucker's name; and peanut butter and related products under the Jif brand.

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