SJM - Watch for Continued Gains in Shares of J.M. Smucker Company (The) (SJM)
Shares of J.M. Smucker Company (The) (NYSE:SJM) traded at a new 52-week high today of $132.68. This new high was reached on below average trading volume as 113,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.
In the past 52 weeks, shares of J.M. Smucker Company (The) have traded between a low of $101.89 and a high of $132.68 and is now at $131.76, which is 29% above that low price.
J.M. Smucker is a packaged food company that primarily operates in the U.S. retail channel (87% of fiscal 2020 revenue), but also in U.S. food-service (10%), and international (3%). Its largest category is pet food and treats (38% of 2020 revenue), with popular brands such as Milk-Bone, Meow Mix, 9Lives, Kibbles 'n Bits, Nature's Recipe, and Rachael Ray Nutrish. Its second- largest category is coffee (32%) with the number-two brand Folgers and number-six Dunkin'. Other large categories are peanut butter (9%), with number-one Jif, fruit spreads (5%) with number-one Smucker's, and frozen hand-held foods (5%) with number-one Uncrustables.
J.M. Smucker Company (The) (NYSE:SJM) is currently priced 18.5% above its average consensus analyst price target of $107.39.
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