J.M. Smucker Co. (NYSE: SJM) is -10.16% 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 $117.37 in the last trading session, with the day’s loss setting it -3.83%.
Currently trading at $113.54, the stock is -7.12% and -8.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -3.26% at the moment leaves the stock -11.64% off its SMA200. SJM registered -27.11% loss for a year compared to 6-month gain of -1.14%. The firm has a 50-day simple moving average (SMA 50) of $2.53 and a 200-day simple moving average (SMA200) of $34.30.
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The stock witnessed a -6.61% loss in the last 1 month and extending the period to 3 months gives it a -13.47%, and is -5.00% down 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 1.93% over the week and 1.84% over the month.
J.M. Smucker Co. (SJM) has around 5800 employees, a market worth around $12.06B and $8.21B in sales. Fwd P/E is 11.13. Profit margin for the company is -1.23%. Distance from 52-week low is 5.79% and -29.00% 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.
1,237 institutions hold shares in J.M. Smucker Co. (SJM), with institutional investors hold 88.90% of the company’s shares. The shares outstanding are 104.40M, and float is at 103.55M with Short Float at 3.68%. Institutions hold 85.84% 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’s Chief Legal Officer. SEC filings show that Knudsen Jeannette L sold 3,200 shares of the company’s common stock on Mar 27 ’24 at a price of $124.77 per share for a total of $0.4 million. Following the sale, the insider now owns 8946.0 shares.
J.M. Smucker Co. disclosed in a document filed with the SEC on Mar 04 ’24 that Knudsen Jeannette L (Chief Legal Officer) sold a total of 6,500 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $121.78 per share for $0.79 million. Following the transaction, the insider now directly holds 12146.0 shares of the SJM stock.
Still, SEC filings show that on Feb 29 ’24, AMIN TARANG (Director) acquired 900 shares at an average price of $122.22 for $0.11 million. The insider now directly holds 1,900 shares of J.M. Smucker Co. (SJM).
