SoFi CEO enters prepaid forward contract on 1.5 million shares
Jeannette L. Knudsen, the Chief Legal Officer of J M Smucker Co (NYSE:SJM), recently sold 2,700 common shares of the company. The transaction, which took place on March 21, 2025, was executed at a price of $110.55 per share, totaling $298,485. The stock, which currently trades at $111.75, is considered undervalued according to InvestingPro analysis, with the company maintaining a Fair Value rating and a "FAIR" overall financial health score. Following this sale, Knudsen holds 14,627 shares directly. Additionally, she owns 4,942 shares indirectly through a 401(k) plan, which includes shares acquired under the company’s 401(k) plan and its dividend reinvestment plan. The company, currently valued at $11.9 billion, offers a 3.94% dividend yield and has maintained dividend payments for 55 consecutive years. For deeper insights into insider trading patterns and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, J.M. Smucker’s financial performance and strategic moves have garnered attention from analysts and industry observers. Morgan Stanley (NYSE:MS) initiated coverage on J.M. Smucker with an Overweight rating, setting a price target of $123.00, citing the company’s strong brand portfolio and growth potential. In contrast, DA Davidson maintained a Neutral rating on the stock with a price target of $120.00, highlighting concerns about the coffee segment and overall food demand softness. The firm also noted J.M. Smucker’s efforts to integrate Hostess Brands (NASDAQ:TWNK), despite skepticism about the acquisition’s long-term benefits.
Additionally, DA Davidson reaffirmed its Neutral stance with a slightly higher price target of $122.00, pointing out that supply chain issues affected the company’s third-quarter fiscal year 2025 performance, although demand remained stable. Meanwhile, the Consumer Brands Association, including J.M. Smucker, is advocating for tariff exemptions on certain imports to protect manufacturers and help reduce consumer inflation. The push for these exemptions underscores the challenges companies face in navigating international trade complexities.
These developments indicate a mixed outlook for J.M. Smucker, with analysts divided on the company’s future prospects and strategic positioning in the market.
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