J M Smucker Co (NYSE:SJM) SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $124.36, for a total transaction of $198,976.00. Following the completion of the sale, the senior vice president now directly owns 23,452 shares in the company, valued at approximately $2,916,490.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of J M Smucker Co (NYSE SJM) traded up $0.28 on Friday, hitting $123.43. 617,956 shares of the stock were exchanged, compared to its average volume of 964,392. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The company has a market cap of $14,020.00, a P/E ratio of 24.99, a PEG ratio of 2.10 and a beta of 0.66. J M Smucker Co has a 52 week low of $99.57 and a 52 week high of $143.68.
J M Smucker (NYSE:SJM) last posted its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.12. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the company posted $2.05 EPS. J M Smucker’s quarterly revenue was up .5% compared to the same quarter last year. analysts expect that J M Smucker Co will post 7.8 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Sun Life Financial INC grew its holdings in shares of J M Smucker by 10,512.5% during the 2nd quarter. Sun Life Financial INC now owns 849 shares of the company’s stock valued at $100,000 after purchasing an additional 841 shares during the last quarter. Sit Investment Associates Inc. grew its holdings in shares of J M Smucker by 234.0% during the 4th quarter. Sit Investment Associates Inc. now owns 885 shares of the company’s stock valued at $110,000 after purchasing an additional 620 shares during the last quarter. BT Investment Management Ltd bought a new stake in shares of J M Smucker during the 2nd quarter valued at approximately $204,000. Williams Jones & Associates LLC bought a new stake in shares of J M Smucker during the 2nd quarter valued at approximately $218,000. Finally, Well Done LLC bought a new stake in shares of J M Smucker during the 3rd quarter valued at approximately $201,000. Institutional investors own 74.99% of the company’s stock.
Several analysts have recently commented on SJM shares. Credit Suisse Group set a $120.00 price objective on shares of J M Smucker and gave the company a “hold” rating in a report on Wednesday. Susquehanna Bancshares set a $141.00 target price on shares of J M Smucker and gave the stock a “buy” rating in a report on Friday, December 8th. Stifel Nicolaus increased their target price on shares of J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a report on Friday, November 17th. Jefferies Group set a $130.00 target price on shares of J M Smucker and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Morgan Stanley set a $112.00 target price on shares of J M Smucker and gave the stock a “sell” rating in a report on Friday, November 17th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. J M Smucker currently has an average rating of “Hold” and an average target price of $127.75.
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J M Smucker Company Profile
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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