What Are The Chances Of J.M. Smucker Co. (NYSE: SJM) Becoming A Clear Buy?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that The J.M. Smucker Co. Announces Fiscal 2024 Third Quarter Results.

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Stocks Info

SJM belongs to the Consumer Defensive sector of the NYSE while operating in the Packaged Foods industry. The current market capitalization of J.M. Smucker Co. is $12.92B. A total of 1.17 million shares were traded on the day, compared to an average of 1.30M shares.

In the most recent transaction, Knudsen Jeannette L sold 6,500 shares of SJM for 121.78 per share on Mar 04 ’24. After the transaction, the Chief Legal Officer now owns 12,146 company shares. In a previous transaction on Feb 29 ’24, AMIN TARANG bought 900 shares at 122.22 per share. SJM shares that Director owns now total 1,900.

Among the insiders who sold shares, Marshall Tucker H disposed of 1,500 shares on Dec 15 ’23 at a per-share price of $124.53. This resulted in the Chief Financial Officer holding 10,126 shares of SJM after the transaction. In another insider transaction, AMIN TARANG bought 1,000 shares at $125.05 per share on Dec 13 ’23. Company shares held by the Director now total 1,000.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. SJM’s most recent ex-dividend date was 2/15/2024 when it declared a $1.06 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/16/2023. The SJM stock dividend was $1.06 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, SJM has a high of $159.92 and a low of $107.33.

As of this writing, SJM has an earnings estimate of $2.34 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $2.47 per share and a lower estimate of $2.25. The company reported an EPS of $2.59 in the last quarter, which was 4.90% higher than expectations of $2.47.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SJM’s latest balance sheet shows that the firm has $169.90M in Cash & Short Term Investments as of fiscal 2022. There were $4.61B in debt and $1.95B in liabilities at the time. Its Book Value Per Share was $71.20, while its Total Shareholder’s Equity was $8.14B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SJM is Buy with a score of 3.62.

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