J M Smucker Co (SJM) Insider David J. Lemmon Sells 1,017 Shares

J M Smucker Co (NYSE:SJM) insider David J. Lemmon sold 1,017 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $92.99, for a total transaction of $94,570.83. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

NYSE SJM traded up $0.60 during trading on Thursday, hitting $103.83. 13,568 shares of the company’s stock traded hands, compared to its average volume of 1,148,191. The company has a quick ratio of 0.57, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. J M Smucker Co has a 12-month low of $91.32 and a 12-month high of $133.38. The firm has a market cap of $11.74 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 2.16 and a beta of 0.50.

J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Wednesday, November 28th. The company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.12). The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.05 billion. J M Smucker had a net margin of 17.59% and a return on equity of 12.03%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the company posted $2.02 earnings per share. Equities analysts expect that J M Smucker Co will post 8.02 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Auxier Asset Management raised its stake in J M Smucker by 1.2% in the third quarter. Auxier Asset Management now owns 12,808 shares of the company’s stock worth $1,314,000 after buying an additional 150 shares in the last quarter. Legacy Financial Advisors Inc. increased its stake in shares of J M Smucker by 21.8% during the fourth quarter. Legacy Financial Advisors Inc. now owns 905 shares of the company’s stock valued at $85,000 after purchasing an additional 162 shares in the last quarter. Edmp Inc. increased its stake in shares of J M Smucker by 2.3% during the fourth quarter. Edmp Inc. now owns 9,118 shares of the company’s stock valued at $852,000 after purchasing an additional 208 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of J M Smucker during the fourth quarter valued at approximately $44,000. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of J M Smucker by 5.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 10,221 shares of the company’s stock valued at $1,114,000 after purchasing an additional 520 shares in the last quarter. 79.25% of the stock is owned by hedge funds and other institutional investors.

SJM has been the topic of a number of analyst reports. Credit Suisse Group set a $95.00 target price on shares of J M Smucker and gave the company a “sell” rating in a report on Friday, September 21st. Barclays reissued a “hold” rating and set a $103.00 target price on shares of J M Smucker in a report on Sunday, December 2nd. Wolfe Research cut shares of J M Smucker from a “peer perform” rating to an “underperform” rating in a report on Wednesday, September 26th. Zacks Investment Research reaffirmed a “sell” rating on shares of J M Smucker in a report on Monday, December 31st. Finally, ValuEngine upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. J M Smucker presently has an average rating of “Hold” and a consensus price target of $119.50.

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About J M Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and 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.

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