Jeannette L. Knudsen, serving as the Chief Legal Officer for J.M. Smucker Co., executed a transaction involving the sale of 5,550 common shares on June 11, 2026. The divestment was conducted at a per-share price of $116.29, resulting in a total transaction value of approximately $645,409. This sale occurred while the company's stock was trading close to its 52-week high of $119.39. The stock has appreciated by nearly 22% year-to-date, with the current trading price recorded at $116.49.
Concurrently, Knudsen acquired 6,797 common shares via a restricted stock grant designated for fiscal year 2027. These newly acquired shares are scheduled to vest in three equal annual installments, with the first vesting date set for June 11, 2027. Following these activities, Knudsen's direct holdings in J.M. Smucker Co. stand at 16,039 common shares. Additionally, she maintains indirect ownership of 5,199 shares through the company's 401(k) plan and dividend reinvestment plan.
The company has recently reported strong financial performance, including a fourth-quarter earnings per share of $2.77. This figure represents a 20% increase from the previous year and surpassed Stifel's estimates by $0.16. J.M. Smucker's organic sales grew by 6%, driven by a 10% increase in prices, although volumes declined by 4%. UBS highlighted stronger top-line growth and operating margin as key factors for the earnings beat, reiterating a Buy rating and raising the price target to $130. Bernstein also raised its price target to $137, noting that J.M. Smucker's results were significantly better than other packaged food companies. TD Cowen increased its price target to $115 and updated earnings per share estimates to $10.05 for fiscal year 2027 and $10.56 for fiscal year 2028. Stifel similarly raised its price target to $115, maintaining a Hold rating due to stronger profit margin performance.
According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value. The company maintains a dividend yield of 3.77% and has paid dividends for 56 consecutive years, one of 12+ ProTips available to subscribers.
Following these transactions, Ms. Knudsen directly holds 16,039 common shares of J M Smucker Co. Additionally, she holds 5,199 shares indirectly through the company’s 401(k) plan and dividend reinvestment plan.
In other recent news, J.M. Smucker has reported robust financial results, leading to multiple analysts adjusting their stock price targets. The company announced a fourth-quarter earnings per share of $2.77, which is a 20% increase from the previous year and exceeded Stifel’s estimates by $0.16. J.M. Smucker’s organic sales grew by 6%, with a notable 10% increase in prices, although volumes were down by 4%. UBS highlighted stronger top-line growth and operating margin as factors for an earnings beat and reiterated a Buy rating, raising the price target to $130. Bernstein also raised its price target to $137, citing J.M. Smucker’s results as significantly better than other packaged food companies. TD Cowen increased its price target to $115 and updated earnings per share estimates to $10.05 for fiscal year 2027 and $10.56 for fiscal year 2028. Stifel similarly raised its price target to $115, maintaining a Hold rating due to stronger profit margin performance. These developments reflect a positive outlook from analysts following J.M. Smucker’s recent financial disclosures.