Tarang Amin Acquires 1,050 Shares of The J. M. Smucker Company (NYSE:SJM) Stock

The J. M. Smucker Company (NYSE:SJM - Get Free Report) Director Tarang Amin purchased 1,050 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average price of $96.09 per share, with a total value of $100,894.50. Following the completion of the purchase, the director now owns 3,825 shares of the company's stock, valued at $367,544.25. This trade represents a 37.84% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

J. M. Smucker Trading Down 1.7%

NYSE SJM traded down $1.64 on Friday, reaching $95.73. The company had a trading volume of 2,925,751 shares, compared to its average volume of 1,233,808. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 3.91 and a beta of 0.35. The J. M. Smucker Company has a fifty-two week low of $93.93 and a fifty-two week high of $125.42. The business has a 50 day moving average of $112.29 and a two-hundred day moving average of $110.61. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted 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. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. J. M. Smucker's quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.66 earnings per share. Analysts forecast that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 4.51%. J. M. Smucker's payout ratio is currently -37.37%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SJM shares. Morgan Stanley restated an "overweight" rating and set a $124.00 target price (up from $123.00) on shares of J. M. Smucker in a research note on Friday, June 6th. Barclays cut their target price on J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating for the company in a research note on Wednesday. Citigroup cut their target price on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating for the company in a research note on Wednesday. Stifel Nicolaus cut their target price on J. M. Smucker from $120.00 to $106.00 and set a "hold" rating for the company in a research note on Wednesday. Finally, Bank of America cut their target price on J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $115.80.

Institutional Trading of J. M. Smucker

A number of large investors have recently bought and sold shares of the business. Utah Retirement Systems grew its holdings in J. M. Smucker by 0.6% during the 4th quarter. Utah Retirement Systems now owns 17,146 shares of the company's stock worth $1,888,000 after acquiring an additional 100 shares during the period. Wallace Capital Management Inc. boosted its position in shares of J. M. Smucker by 4.9% during the 4th quarter. Wallace Capital Management Inc. now owns 2,135 shares of the company's stock worth $235,000 after purchasing an additional 100 shares in the last quarter. Tortoise Investment Management LLC boosted its position in shares of J. M. Smucker by 87.0% during the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Forum Financial Management LP boosted its position in shares of J. M. Smucker by 3.9% during the 1st quarter. Forum Financial Management LP now owns 3,113 shares of the company's stock worth $369,000 after purchasing an additional 116 shares in the last quarter. Finally, Mendel Money Management boosted its position in shares of J. M. Smucker by 3.1% during the 4th quarter. Mendel Money Management now owns 3,933 shares of the company's stock worth $433,000 after purchasing an additional 117 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

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.