Jill R. Penrose Sells 5,117 Shares of The J. M. Smucker Company (NYSE:SJM) Stock

The J. M. Smucker Company (NYSE:SJM) insider Jill R. Penrose sold 5,117 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now owns 8,794 shares of the company’s stock, valued at $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock traded up $2.03 on Monday, hitting $118.35. The stock had a trading volume of 1,761,042 shares, compared to its average volume of 1,175,399. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 3.91 and a beta of 0.28. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The J. M. Smucker Company has a 52-week low of $98.77 and a 52-week high of $125.75. The company’s 50 day moving average price is $108.21 and its 200 day moving average price is $112.17.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $1.08 per share. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.65%. J. M. Smucker’s dividend payout ratio (DPR) is -179.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays lowered their price target on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Morgan Stanley assumed coverage on shares of J. M. Smucker in a report on Monday, March 24th. They issued an “overweight” rating and a $123.00 price objective on the stock. Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. DA Davidson dropped their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Finally, StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $125.67.

Institutional Trading of J. M. Smucker

Institutional investors have recently modified their holdings of the business. Capital Advisors Ltd. LLC boosted its position in shares of J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after purchasing an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in J. M. Smucker during the fourth quarter worth about $27,000. Kentucky Trust Co purchased a new stake in J. M. Smucker during the fourth quarter worth about $28,000. Minot DeBlois Advisors LLC acquired a new position in J. M. Smucker during the fourth quarter worth about $28,000. Finally, Measured Risk Portfolios Inc. purchased a new position in J. M. Smucker in the fourth quarter valued at about $29,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

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.