J. M. Smucker Company CFO Tucker H. Marshall Sells Shares

Tucker H. Marshall, the Chief Financial Officer of The J. M. Smucker Company (NYSE: SJM), sold 5,028 shares of the company’s stock on Thursday, March 13th. The shares were sold at an average price of $113.36, which brought the total transaction to $569,974.08. After this sale, Marshall's ownership in the company has decreased to 13,263 shares, valued at approximately $1,503,493.68. This sale represents a significant 27.49% reduction in his previous ownership stake. The details of this transaction were submitted in a filing with the Securities and Exchange Commission (SEC), which can be accessed on their website.

On March 14th, shares of J. M. Smucker traded down by $0.15, reaching a price of $111.62. The trading volume for the company was reported at 720,072 shares, which is lower than the average of 1,122,920 shares. Looking at the stock's performance over the past year, J. M. Smucker has recorded a 52-week low of $98.77 and a high of $127.59. Currently, the company holds a market capitalization of $11.88 billion, along with a price-to-earnings (P/E) ratio of 22.59 and a PEG ratio of 3.91.

In its most recent quarterly earnings report on February 27th, J. M. Smucker announced earnings per share (EPS) of $2.61, exceeding analyst expectations of $2.37 by $0.24. The company achieved a net margin of 5.96% and a return on equity of 14.35%. During this quarter, the company’s revenue amounted to $2.19 billion, slightly below the analysts' predictions of $2.23 billion. Analysts project that J. M. Smucker will report an EPS of 9.88 for the current fiscal year.

Recent Dividends

On March 3rd, J. M. Smucker paid a quarterly dividend of $1.08 to shareholders of record as of February 14th. The ex-dividend date for this distribution was the same day. Annually, this dividend totals $4.32 and yields 3.87%. However, the company's current payout ratio stands at -179.25%, indicating a potential issue in covering dividend expenses.

Analyst Ratings and Predictions

Recently, several analysts have shared their views on J. M. Smucker. For instance, StockNews.com has upgraded the stock from a "sell" rating to a "hold" rating. Barclays lowered its price target from $123.00 to $119.00 while maintaining an "equal weight" rating. Similarly, DA Davidson reduced their target price from $122.00 to $120.00, and TD Cowen changed its stance from a "buy" to a "hold," adjusting the target price from $130.00 to $121.00. According to MarketBeat, J. M. Smucker currently has an average rating of "Hold" among 10 analysts, with an average target price set at $126.00.

Changes in Institutional Holdings

Institutional investors have also been adjusting their stakes in J. M. Smucker. For example, Capital Advisors Ltd. raised its holdings by 188.8% in the fourth quarter, acquiring additional shares for a total of 231 shares worth $25,000. Venturi Wealth Management made an even larger acquisition, increasing its holdings by 1,329.4%. Other firms, including Marshall & Sterling Wealth Advisors and Kentucky Trust Co, also acquired new stakes during the same period. Currently, institutional investors control about 81.66% of J. M. Smucker’s stock.

About J. M. Smucker Company

The J. M. Smucker Company manufactures and markets branded food and beverage products globally. It operates through three main segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers a variety of products, including coffee, peanut butter, spreads, and pet food, among others. As a significant player in the food and beverage industry, J. M. Smucker continues to adapt to market changes and investor expectations.

CFO, Shares, Transaction