The SVP, GC & Sec of JM Smucker (NYSE: SJM) is Selling Shares

By Carrie Williams

Yesterday, the SVP, GC & Sec of JM Smucker (NYSE: SJM), Jeannette Knudsen, sold shares of SJM for $199K.

Based on JM Smucker’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $1.92 billion and quarterly net profit of $194 million. In comparison, last year the company earned revenue of $1.91 billion and had a net profit of $177 million. The company has a one-year high of $143.68 and a one-year low of $99.57. SJM’s market cap is $14.19B and the company has a P/E ratio of 25.10.

Six different firms, including Bernstein and Goldman Sachs, currently also have a Sell rating on the stock. Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $121.83, reflecting a 2.0% upside.

Jeannette Knudsen’s trades have generated a -8.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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The J. M. Smucker Co. engages in the production and market of fruit spreads, peanut butter and other food products. The company operates through the following segments: U.S. Retail Coffee; U.S. Retail Consumer Foods; U.S. Retail Pet Foods; International and Foodservice. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Café Bustelo branded coffee. The U.S. Retail Consumer Foods segment sells Jif, Smucker’s, Crisco, and Pillsbury branded products. The U.S. Retail Pet Foods comprises of Meow Mix, Milk-Bone, Natural Balance, Kibbles’n Bits, 9Lives, Pup-Peroni, and Nature’s Recipe branded products. The International and Foodservice segment covers the products distributed domestically and in foreign countries. The company was founded by Jerome Monroe Smucker in 1897 and is headquartered in Orrville, OH.