J M Smucker Co (NYSE:SJM) Insider Sells $82,500.00 in Stock

J M Smucker Co (NYSE:SJM) insider Mark R. Belgya sold 750 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $110.00, for a total transaction of $82,500.00. Following the completion of the transaction, the insider now owns 35,047 shares of the company’s stock, valued at approximately $3,855,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

NYSE SJM opened at $110.49 on Thursday. The stock has a market capitalization of $12.61 billion, a P/E ratio of 16.18, a P/E/G ratio of 6.14 and a beta of 0.13. J M Smucker Co has a 52-week low of $91.88 and a 52-week high of $125.62. The firm has a 50-day moving average price of $106.42 and a 200 day moving average price of $109.28. The company has a quick ratio of 0.68, a current ratio of 1.24 and a debt-to-equity ratio of 0.67.

J M Smucker (NYSE:SJM) last issued its earnings results on Thursday, June 4th. The company reported $2.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.29. J M Smucker had a net margin of 9.99% and a return on equity of 12.31%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period last year, the company posted $2.08 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts expect that J M Smucker Co will post 8.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This is a boost from J M Smucker’s previous quarterly dividend of $0.88. This represents a $3.60 dividend on an annualized basis and a yield of 3.26%. J M Smucker’s dividend payout ratio (DPR) is 40.18%.

Several equities analysts have issued reports on SJM shares. Deutsche Bank upped their price objective on shares of J M Smucker from $110.00 to $124.00 and gave the company a “hold” rating in a research note on Tuesday, April 21st. They noted that the move was a valuation call. Stifel Nicolaus upped their target price on shares of J M Smucker from $110.00 to $115.00 and gave the company a “hold” rating in a report on Friday, June 5th. Credit Suisse Group raised shares of J M Smucker from an “underperform” rating to a “neutral” rating and set a $115.00 target price for the company in a report on Thursday, April 16th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $110.00 target price on shares of J M Smucker in a report on Monday, July 13th. Finally, ValuEngine cut shares of J M Smucker from a “hold” rating to a “sell” rating in a report on Thursday, June 4th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $113.00.

A number of institutional investors have recently modified their holdings of SJM. Guggenheim Capital LLC increased its holdings in J M Smucker by 5.9% in the fourth quarter. Guggenheim Capital LLC now owns 138,656 shares of the company’s stock valued at $14,439,000 after buying an additional 7,747 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in J M Smucker by 10.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 36,892 shares of the company’s stock valued at $3,763,000 after buying an additional 3,391 shares in the last quarter. Baird Financial Group Inc. increased its holdings in J M Smucker by 6.8% in the fourth quarter. Baird Financial Group Inc. now owns 35,483 shares of the company’s stock valued at $3,695,000 after buying an additional 2,260 shares in the last quarter. Janus Henderson Group PLC increased its holdings in J M Smucker by 67.2% in the fourth quarter. Janus Henderson Group PLC now owns 494,609 shares of the company’s stock valued at $51,503,000 after buying an additional 198,817 shares in the last quarter. Finally, Profund Advisors LLC increased its holdings in J M Smucker by 8.4% in the fourth quarter. Profund Advisors LLC now owns 2,204 shares of the company’s stock valued at $230,000 after buying an additional 170 shares in the last quarter. 77.89% of the stock is owned by institutional investors.

J M Smucker Company Profile

The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.

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

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