Bank of America just raised its EUR/USD forecast
Amin Tarang, a director at J M Smucker Co (NYSE:SJM), recently acquired 875 common shares of the company, according to a filing with the Securities and Exchange Commission. The company, which has maintained dividend payments for 55 consecutive years, currently holds a "GOOD" financial health rating according to InvestingPro analysis. The shares were purchased at a price of $114.87 each, totaling $100,511. Following this transaction, Tarang’s total direct ownership in the company stands at 2,775 shares. This transaction was reported on March 11, 2025. With the stock currently trading at $111.03, below the insider purchase price, InvestingPro subscribers can access comprehensive insider trading analysis and 6 additional key insights about SJM’s financial outlook.
In other recent news, J.M. Smucker reported mixed financial results for the third quarter of fiscal year 2025. The company posted revenues of $2.186 billion, which fell short of consensus estimates by 1.8%. Despite the revenue miss, earnings per share (EPS) exceeded expectations, supported by stronger margins and reduced selling, distribution, and administrative expenses. Analysts from Stifel noted a 5% increase in EPS, surpassing their estimates by $0.28, while Bernstein highlighted a slight decrease in organic sales growth due to supply issues in the Pet Food segment. Jefferies adjusted its price target for the company to $111, citing supply disruptions and reduced orders from Hostess Brands (NASDAQ:TWNK). DA Davidson maintained a Neutral rating with a price target of $122, pointing out stable demand despite supply chain challenges. The coffee segment remains a concern, with analysts from multiple firms noting its impact on future earnings growth. J.M. Smucker’s management revised its fiscal year 2025 sales guidance downward but increased its EPS forecast by $0.10, reflecting confidence in its strategic initiatives.
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