Insider Selling Activity at The J. M. Smucker Company

On March 28th, Jill R. Penrose, an insider at The J. M. Smucker Company (NYSE:SJM), sold 5,117 shares of the company’s stock. The shares were sold at an average price of $116.26, contributing to a total transaction value of $594,902.42. After this sale, Penrose now holds 8,794 shares of J. M. Smucker, with a current value of about $1,022,390.44. This transaction marks a significant reduction in her ownership by 36.78%. The details of the sale have been publicly disclosed in a filing with the Securities and Exchange Commission (SEC), which can be accessed through the SEC's website.

Current Stock Performance

On Monday, shares of J. M. Smucker traded up by 1.7%, reaching a value of $118.35. The trading volume for the day was approximately 1,761,042 shares, which is higher than the average volume of 1,175,399 shares. Over the past year, the stock has fluctuated between a low of $98.77 and a high of $125.75. The company’s 50-day and 200-day simple moving averages are currently $108.21 and $112.17, respectively. J. M. Smucker has a market capitalization of $12.59 billion, a price-to-earnings (P/E) ratio of 23.96, and a debt-to-equity ratio of 0.89.

Recent Earnings Report

The J. M. Smucker Company released its earnings results on February 27th, reporting earnings per share (EPS) of $2.61 for the quarter, which exceeded the analysts’ consensus estimate of $2.37 by $0.24. The company achieved a return on equity of 14.35% with a net margin of 5.96%. Revenue for the quarter totaled $2.19 billion, slightly below analysts' expectations of $2.23 billion. Research analysts are forecasting that J. M. Smucker will report an EPS of 9.88 for the current fiscal year.

Dividend Information

Recently, J. M. Smucker announced its quarterly dividend, which was paid on March 3rd. Shareholders of record on February 14th received a dividend of $1.08 per share, with an annualized dividend yield of 3.65%. The company’s dividend payout ratio currently stands at -179.25%.

Analysts' Ratings and Forecasts

Several analysts have recently evaluated J. M. Smucker’s stock performance. StockNews.com upgraded the stock from a "sell" to a "hold" rating on March 3rd. Barclays also revised its price objective from $123 to $119 while maintaining an "equal weight" rating. Other notable changes include DA Davidson lowering its price target to $120 and Stifel Nicolaus reducing theirs to $120 as well, both assigning a neutral rating on the stock. Currently, J. M. Smucker holds a consensus rating of "hold" with a target price estimated at $125.67, according to MarketBeat.com.

Institutional Investment Activity

Recently, numerous hedge funds have adjusted their positions in J. M. Smucker. The Manufacturers Life Insurance Company increased its shareholding by 21.8% during the third quarter, now owning a total of 84,462 shares valued at $10,228,000. Other notable increases include Townsquare Capital LLC and CreativeOne Wealth LLC, which raised their stakes by 14.5% and 12.0%, respectively. Overall, institutional investors hold approximately 81.66% of J. M. Smucker stock.

Company Overview

The J. M. Smucker Company engages in the manufacture and marketing of branded food and beverage products around the globe. Its operations are divided into three main segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company's product offerings include a variety of items such as coffee, peanut butter, fruit spreads, pet food, and snacks.

Conclusion

As insider selling activities and stock market performance continue to be scrutinized, J. M. Smucker Company’s recent actions and market movements indicate a significant interest from both executives and investors. Observing these dynamics could provide investors with valuable insights into the stock's future performance.

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