Marshall Tucker H, the Chief Financial Officer of J M Smucker Co (NYSE:SJM), recently sold 994 common shares of the company on December 17, according to a recent filing with the Securities and Exchange Commission. The shares were sold at an average price of $113 each, amounting to a total transaction value of $112,322. The transaction comes as SJM trades near its 52-week low of $105.69, with InvestingPro analysis indicating the stock is currently undervalued. Following this sale, Tucker holds 18,733.837 shares directly. Additionally, he maintains an indirect ownership of 1,437 shares through the company's 401(k) and dividend reinvestment plans. The $11.76 billion market cap company has maintained a strong dividend track record, having raised dividends for 15 consecutive years. InvestingPro subscribers can access detailed insider trading patterns and 6 additional key insights about SJM, along with comprehensive Pro Research Reports available for over 1,400 US stocks.
In other recent news, J.M. Smucker Company has reported a strong performance for its second quarter, adjusting its full-year earnings per share (EPS) guidance to $9.90 at the midpoint. Despite expecting flat sales in the third quarter, primarily due to alterations in coffee portfolio pricing, the company projects a full-year comparable growth of 1.5-3%. This growth is anticipated to be equally contributed by volume mix and pricing adjustments.
J.M. Smucker's Uncrustables brand has shown notable growth, with sales expected to exceed $1 billion by 2026. The Pet Food segment remains robust, driven by innovative products like peanut butter bites, and the company is on track to achieve $100 million in cost synergies by fiscal 2026. However, the coffee segment is grappling with significant inflation, with margins expected to drop.
These are among the recent developments for J.M. Smucker, which remains optimistic about surpassing earnings expectations by fiscal 2026. The company is also confident about maintaining momentum in its base business, synergy realization, cost productivity, and debt reduction. As J.M. Smucker continues to adapt its strategies to meet consumer demands and manage cost pressures, investors are closely monitoring the company's progress towards its fiscal 2026 targets.
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