Investors Buy High Volume of Put Options on J. M. Smucker (NYSE:SJM)

The J. M. Smucker Company (NYSE:SJMGet Rating) was the target of unusually large options trading activity on Monday. Traders bought 2,134 put options on the company. This is an increase of 147% compared to the typical daily volume of 865 put options.

Analyst Ratings Changes

Several research firms have weighed in on SJM. UBS Group boosted their target price on shares of J. M. Smucker to $128.00 in a research note on Monday. Exane BNP Paribas began coverage on shares of J. M. Smucker in a research note on Tuesday, November 15th. They set an “underperform” rating for the company. Deutsche Bank Aktiengesellschaft boosted their target price on shares of J. M. Smucker from $143.00 to $145.00 and gave the company a “hold” rating in a research note on Monday, November 14th. Stifel Nicolaus boosted their target price on shares of J. M. Smucker from $140.00 to $148.00 in a research note on Wednesday, August 24th. Finally, Bank of America upgraded shares of J. M. Smucker from a “neutral” rating to a “buy” rating and boosted their target price for the company from $145.00 to $155.00 in a research note on Wednesday, August 17th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, J. M. Smucker has an average rating of “Hold” and a consensus target price of $139.45.

J. M. Smucker Stock Up 1.3 %

J. M. Smucker stock opened at $148.11 on Tuesday. The company has a 50-day simple moving average of $143.01 and a 200-day simple moving average of $136.40. The firm has a market capitalization of $15.78 billion, a P/E ratio of 27.23, a P/E/G ratio of 6.17 and a beta of 0.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.45 and a current ratio of 1.05. J. M. Smucker has a one year low of $119.82 and a one year high of $152.16.

J. M. Smucker (NYSE:SJMGet Rating) last posted its quarterly earnings data on Monday, November 21st. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.21. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a net margin of 7.33% and a return on equity of 11.38%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.43 earnings per share. As a group, equities analysts expect that J. M. Smucker will post 8.55 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 11th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, November 9th. J. M. Smucker’s payout ratio is currently 75.00%.

Insider Transactions at J. M. Smucker

In related news, insider Amy C. Held sold 8,701 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $143.39, for a total value of $1,247,636.39. Following the sale, the insider now directly owns 3,916 shares of the company’s stock, valued at $561,515.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Amy C. Held sold 8,701 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $143.39, for a total value of $1,247,636.39. Following the sale, the insider now directly owns 3,916 shares of the company’s stock, valued at $561,515.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill R. Penrose sold 4,543 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $140.83, for a total transaction of $639,790.69. Following the completion of the sale, the insider now directly owns 9,106 shares in the company, valued at $1,282,397.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,019 shares of company stock valued at $8,995,996. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On J. M. Smucker

Institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its holdings in J. M. Smucker by 3.0% in the first quarter. Commonwealth Equity Services LLC now owns 62,322 shares of the company’s stock worth $8,439,000 after purchasing an additional 1,839 shares during the period. Private Advisor Group LLC lifted its holdings in J. M. Smucker by 1.6% in the second quarter. Private Advisor Group LLC now owns 17,770 shares of the company’s stock worth $2,275,000 after purchasing an additional 281 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in J. M. Smucker by 36.2% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 594 shares of the company’s stock valued at $76,000 after acquiring an additional 158 shares during the last quarter. ACG Wealth acquired a new stake in J. M. Smucker in the 2nd quarter valued at about $90,000. Finally, AIA Group Ltd lifted its holdings in J. M. Smucker by 41.4% in the 1st quarter. AIA Group Ltd now owns 1,857 shares of the company’s stock valued at $251,000 after acquiring an additional 544 shares during the last quarter. Institutional investors and hedge funds own 79.56% of the company’s stock.

J. M. Smucker Company Profile

(Get Rating)

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.

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