J M Smucker Co (SJM) SVP Sells $198,725.52 in Stock

J M Smucker Co (NYSE:SJM) SVP Jeannette L. Knudsen sold 1,932 shares of J M Smucker stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $102.86, for a total transaction of $198,725.52. Following the completion of the sale, the senior vice president now directly owns 24,292 shares of the company’s stock, valued at approximately $2,498,675.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

J M Smucker stock traded up $1.73 during trading hours on Friday, hitting $105.58. 2,424,513 shares of the stock were exchanged, compared to its average volume of 1,174,430. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 2.16 and a beta of 0.55. J M Smucker Co has a 12 month low of $91.32 and a 12 month high of $127.93.

J M Smucker (NYSE:SJM) last announced its earnings results on Tuesday, February 26th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.24. J M Smucker had a net margin of 8.15% and a return on equity of 11.61%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the business earned $2.50 earnings per share. J M Smucker’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts predict that J M Smucker Co will post 8.13 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.22%. J M Smucker’s payout ratio is 42.71%.

A number of research analysts have weighed in on SJM shares. Jefferies Financial Group set a $125.00 target price on shares of J M Smucker and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Credit Suisse Group set a $120.00 target price on shares of J M Smucker and gave the stock a “hold” rating in a research report on Thursday, December 20th. Morgan Stanley boosted their target price on shares of J M Smucker from $98.00 to $104.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 27th. Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Finally, Barclays reissued a “hold” rating and set a $103.00 target price on shares of J M Smucker in a research report on Sunday, December 2nd. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. J M Smucker has an average rating of “Hold” and a consensus price target of $112.73.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantamental Technologies LLC acquired a new stake in J M Smucker in the fourth quarter worth $28,000. Howe & Rusling Inc. raised its holdings in J M Smucker by 218.3% in the fourth quarter. Howe & Rusling Inc. now owns 296 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares during the period. Meeder Asset Management Inc. acquired a new stake in J M Smucker in the fourth quarter worth $44,000. Private Capital Group LLC acquired a new stake in J M Smucker in the fourth quarter worth $50,000. Finally, Bremer Trust National Association acquired a new stake in J M Smucker in the fourth quarter worth $51,000. Institutional investors and hedge funds own 77.32% of the company’s stock.

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J M Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

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