Rep. Jefferson Shreve Sells Off Shares of The J. M. Smucker Company (NYSE:SJM)

Representative Jefferson Shreve (R-Indiana) recently sold shares of The J. M. Smucker Company NYSE: SJM. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in J. M. Smucker stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

J. M. Smucker Stock Performance

NYSE SJM traded up $0.47 on Friday, reaching $109.11. 1,840,886 shares of the company's stock traded hands, compared to its average volume of 1,574,242. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of -9.44, a P/E/G ratio of 8.35 and a beta of 0.31. The stock has a 50 day moving average price of $105.08 and a 200-day moving average price of $108.44. The J. M. Smucker Company has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.35 and a current ratio of 0.81.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.06. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the previous year, the company earned $2.66 earnings per share. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts predict that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, August 15th. This is an increase from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 dividend on an annualized basis and a yield of 4.03%. J. M. Smucker's payout ratio is currently -37.37%.

Hedge Funds Weigh In On J. M. Smucker

Hedge funds have recently made changes to their positions in the stock. Merit Financial Group LLC purchased a new position in shares of J. M. Smucker during the 1st quarter worth approximately $203,000. Farther Finance Advisors LLC boosted its position in J. M. Smucker by 113.5% in the 1st quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company's stock valued at $346,000 after buying an additional 1,554 shares during the period. Private Advisor Group LLC boosted its position in J. M. Smucker by 39.6% in the 4th quarter. Private Advisor Group LLC now owns 17,471 shares of the company's stock valued at $1,924,000 after buying an additional 4,960 shares during the period. Sandy Spring Bank boosted its position in J. M. Smucker by 1,365.5% in the 4th quarter. Sandy Spring Bank now owns 425 shares of the company's stock valued at $47,000 after buying an additional 396 shares during the period. Finally, Schonfeld Strategic Advisors LLC boosted its position in J. M. Smucker by 124.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company's stock valued at $1,471,000 after buying an additional 7,414 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

Insider Activity

In other J. M. Smucker news, Director Tarang Amin purchased 1,050 shares of the business's stock in a transaction on Thursday, June 12th. The shares were bought at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the purchase, the director directly owned 3,825 shares in the company, valued at approximately $367,544.25. This represents a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.24% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SJM. Bank of America reduced their price target on shares of J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. UBS Group reduced their price target on shares of J. M. Smucker from $134.00 to $129.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Barclays cut their price objective on shares of J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating for the company in a report on Wednesday, June 11th. Morgan Stanley reiterated an "overweight" rating and issued a $124.00 price objective (up previously from $123.00) on shares of J. M. Smucker in a report on Friday, June 6th. Finally, Jefferies Financial Group upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and cut their price objective for the company from $118.00 to $115.00 in a report on Wednesday, June 11th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, J. M. Smucker currently has an average rating of "Moderate Buy" and a consensus target price of $117.33.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.