J.M. Smucker chief people officer sells $594,902 in stock

Jill R. Penrose, the Chief People Officer at J.M. Smucker Co. (NYSE:SJM), sold a significant portion of her common shares in the company, according to a recent SEC filing. On March 28, Penrose offloaded 5,117 shares at a price of $116.26 each, resulting in a total transaction value of approximately $594,902. The stock currently trades at $118.41, with InvestingPro data showing a market capitalization of $12.6 billion and a notable dividend yield of 3.65%. The company has maintained dividend payments for 55 consecutive years. Following this sale, Penrose retains direct ownership of 8,794 shares.

Additionally, Penrose holds 2,597 shares indirectly through the company’s 401(k) plan and dividend reinvestment plan. These shares have been acquired since her last ownership report, as noted in the filing.

In other recent news, J.M. Smucker reported several key developments. DA Davidson maintained a Neutral rating on the company’s stock, with a price target of $122, citing challenges in the third-quarter fiscal year 2025 performance due to supply chain issues that affected net sales. Despite this, DA Davidson noted J.M. Smucker’s history of earnings per share outperformance, suggesting that expectations for fiscal year 2026 have already accounted for the company’s potential to exceed financial projections. Meanwhile, Morgan Stanley (NYSE:MS) initiated coverage of J.M. Smucker with an Overweight rating and a price target of $123, highlighting confidence in the company’s growth prospects, particularly in its Uncrustables product line and coffee segment.

Additionally, DA Davidson observed a recent acceleration in sales growth for J.M. Smucker over the last four weeks compared to longer periods, maintaining a Neutral rating on the stock. In another development, J.M. Smucker, alongside other major US food corporations, is advocating for tariff exemptions on certain imports, such as cocoa and tropical fruit, to protect manufacturers and reduce consumer inflation. These updates provide investors with insights into J.M. Smucker’s current market positioning and strategic efforts in navigating industry challenges.

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