Insider Selling: J M Smucker Co (SJM) Insider Sells $101,850.00 in Stock

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J M Smucker Co (NYSE:SJM) insider Joseph Stanziano sold 970 shares of the company’s stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $105.00, for a total transaction of $101,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

J M Smucker opened at $105.71 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.68 and a current ratio of 1.50. J M Smucker Co has a 52 week low of $96.13 and a 52 week high of $133.38. The stock has a market capitalization of $11.97 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 1.66 and a beta of 0.61.

J M Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, June 7th. The company reported $1.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.18 by ($0.25). J M Smucker had a net margin of 18.19% and a return on equity of 12.20%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company posted $1.80 earnings per share. The company’s revenue was down .1% on a year-over-year basis. analysts predict that J M Smucker Co will post 8.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 11th were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $3.12 annualized dividend and a dividend yield of 2.95%. J M Smucker’s dividend payout ratio (DPR) is presently 39.20%.

Several hedge funds have recently added to or reduced their stakes in SJM. Sequoia Financial Advisors LLC lifted its position in J M Smucker by 3.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 15,395 shares of the company’s stock worth $1,913,000 after purchasing an additional 446 shares during the period. MML Investors Services LLC lifted its position in J M Smucker by 20.1% during the fourth quarter. MML Investors Services LLC now owns 2,734 shares of the company’s stock worth $340,000 after purchasing an additional 457 shares during the period. IFP Advisors Inc lifted its position in J M Smucker by 8.1% during the first quarter. IFP Advisors Inc now owns 6,530 shares of the company’s stock worth $810,000 after purchasing an additional 490 shares during the period. Hall Laurie J Trustee lifted its position in J M Smucker by 153.1% during the first quarter. Hall Laurie J Trustee now owns 810 shares of the company’s stock worth $101,000 after purchasing an additional 490 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its position in J M Smucker by 16.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,600 shares of the company’s stock worth $447,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 79.16% of the company’s stock.

SJM has been the topic of several research reports. Susquehanna Bancshares set a $159.00 price objective on shares of J M Smucker and gave the company a “buy” rating in a report on Sunday, June 3rd. Citigroup upped their price objective on shares of J M Smucker from $146.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, April 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $135.00 price objective on shares of J M Smucker in a report on Thursday, March 22nd. Gabelli reiterated a “buy” rating on shares of J M Smucker in a report on Monday, March 5th. Finally, Stephens upped their price objective on shares of J M Smucker from $125.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, April 6th. Six research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $123.46.

About J M Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates through U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. The company primarily offers coffee, pet food products, 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.

Insider Buying and Selling by Quarter for J M Smucker (NYSE:SJM)

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