J.M. Smucker Co. (NYSE: SJM) is -2.93% lower on its value in year-to-date trading and has touched a low of $107.33 and a high of $159.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SJM stock was last observed hovering at around $122.07 in the last trading session, with the day’s gains setting it 0.61%.
Currently trading at $122.68, the stock is 0.11% and -3.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing 0.50% at the moment leaves the stock -6.18% off its SMA200. SJM registered -20.24% loss for a year compared to 6-month loss of -3.27%. The firm has a 50-day simple moving average (SMA 50) of $2.65 and a 200-day simple moving average (SMA200) of $35.90.
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The stock witnessed a -1.39% gain in the last 1 month and extending the period to 3 months gives it a -2.14%, and is 0.90% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.77% over the week and 2.43% over the month.
J.M. Smucker Co. (SJM) has around 5800 employees, a market worth around $13.03B and $8.21B in sales. Fwd P/E is 12.02. Profit margin for the company is -1.23%. Distance from 52-week low is 14.30% and -23.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.64%).
J.M. Smucker Co. quarterly earnings per share for the current quarter are estimated at $2.34 with sales reaching $2.26B over the same period.The EPS is expected to grow by 7.75% this year, but quarterly earnings will post -3.50% year-over-year. Quarterly sales are estimated to grow 0.90% in year-over-year returns.
J.M. Smucker Co. (SJM) Top Institutional Holders
1,243 institutions hold shares in J.M. Smucker Co. (SJM), with institutional investors hold 88.82% of the company’s shares. The shares outstanding are 104.40M, and float is at 103.54M with Short Float at 4.17%. Institutions hold 85.75% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 13.29 million shares valued at $1.96 billion. The investor’s holdings represent 13.02% of the SJM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 10.0 million shares valued at $1.48 billion to account for 9.79% of the shares outstanding. The other top investors are State Street Corporation which holds 6.82 million shares representing 6.67% and valued at over $1.01 billion, while Geode Capital Management, LLC holds 2.31% of the shares totaling 2.36 million with a market value of $348.22 million.
J.M. Smucker Co. (SJM) Insider Activity
The most recent transaction is an insider sale by Knudsen Jeannette L,the company’sChief Legal Officer. SEC filings show that Knudsen Jeannette L sold 6,500 shares of the company’s common stock on Mar 04 ’24 at a price of $121.78 per share for a total of $0.79 million. Following the sale, the insider now owns 12146.0 shares.
J.M. Smucker Co. disclosed in a document filed with the SEC on Feb 29 ’24 that AMIN TARANG (Director) bought a total of 900 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $122.22 per share for $0.11 million. Following the transaction, the insider now directly holds 1900.0 shares of the SJM stock.
Still, SEC filings show that on Dec 15 ’23, Marshall Tucker H (Chief Financial Officer) disposed off 1,500 shares at an average price of $124.53 for $0.19 million. The insider now directly holds 10,126 shares of J.M. Smucker Co. (SJM).
