J.M. Smucker Co (NYSE: SJM) is -12.59% lower on its value in year-to-date trading and has touched a low of $105.69 and a high of $134.62 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 $106.92 in the last trading session, with the day’s gains setting it 3.55%.
Currently trading at $110.47, the stock is -3.07% and -5.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing 3.32% at the moment leaves the stock -5.81% off its SMA200. SJM registered -0.72% loss for a year compared to 6-month gain of -3.36%. The firm has a 50-day simple moving average (SMA 50) of $117.2474 and a 200-day simple moving average (SMA200) of $117.3982.
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The stock witnessed a -9.25% loss in the last 1 month and extending the period to 3 months gives it a -9.14%, and is -2.80% 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 2.66% over the week and 2.03% over the month.
J.M. Smucker Co (SJM) has around 9000 employees, a market worth around $11.35B and $8.50B in sales. Current P/E ratio is 15.59 and Fwd P/E is 10.43. Profit margin for the company is 8.77%. Distance from 52-week low is 4.52% and -17.94% from its 52-week high. The company has generated returns on investments over the last 12 months (5.07%).
with sales reaching $2.26B over the same period.The EPS is expected to shrink by -1.47% this year, but quarterly earnings will post 8.73% year-over-year. Quarterly sales are estimated to grow 16.51% in year-over-year returns.
J.M. Smucker Co (SJM) Top Institutional Holders
1161.0 institutions hold shares in J.M. Smucker Co (SJM), with institutional investors hold 85.75% of the company’s shares. The shares outstanding are 106.19M, and float is at 103.72M with Short Float at 3.29%. Institutions hold 83.30% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.01 million shares valued at $1.42 billion. The investor’s holdings represent 12.4994% of the SJM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.17 million shares valued at $890.59 million to account for 7.8459 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.35 million shares representing 6.0982% and valued at over $692.22 million, while BOSTON PARTNERS holds 2.9742 of the shares totaling 3.1 million with a market value of $338.0 million.
J.M. Smucker Co (SJM) Insider Activity
The most recent transaction is an insider sale by SMUCKER MARK T, the company’s Chair of Board, Pres & CEO. SEC filings show that SMUCKER MARK T sold 10,000 shares of the company’s common stock on Jun 21 ’24 at a price of $110.16 per share for a total of $1.1 million. Following the sale, the insider now owns 78757.0 shares.
J.M. Smucker Co disclosed in a document filed with the SEC on Mar 27 ’24 that Knudsen Jeannette L (Chief Legal Officer) sold a total of 3,200 shares of the company’s common stock. The trade occurred on Mar 27 ’24 and was made at $124.77 per share for $0.4 million. Following the transaction, the insider now directly holds 8946.0 shares of the SJM stock.
Still, SEC filings show that on Mar 04 ’24, Knudsen Jeannette L (Chief Legal Officer) disposed off 6,500 shares at an average price of $121.78 for $0.79 million. The insider now directly holds 12,146 shares of J.M. Smucker Co (SJM).
