J. M. Smucker (NYSE:SJM) Lifted to “Hold” at StockNews.com

J. M. Smucker (NYSE:SJM) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Other equities analysts have also recently issued research reports about the company. DA Davidson restated a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a report on Thursday, August 29th. Bank of America reduced their price objective on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Argus reduced their price objective on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Barclays dropped their price target on shares of J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research report on Friday, August 30th. Finally, TD Cowen dropped their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $127.25.

J. M. Smucker Stock Down 0.0 %

Shares of NYSE SJM traded down $0.04 during mid-day trading on Monday, reaching $121.11. 773,070 shares of the company’s stock were exchanged, compared to its average volume of 1,210,041. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 3.21 and a beta of 0.24. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. J. M. Smucker has a twelve month low of $105.69 and a twelve month high of $134.62. The business has a fifty day simple moving average of $119.03 and a 200 day simple moving average of $116.06.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the business posted $2.21 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, equities analysts expect that J. M. Smucker will post 9.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Czech National Bank increased its holdings in shares of J. M. Smucker by 0.5% during the first quarter. Czech National Bank now owns 18,676 shares of the company’s stock worth $2,351,000 after buying an additional 88 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in shares of J. M. Smucker by 0.7% during the first quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company’s stock worth $1,803,000 after buying an additional 93 shares in the last quarter. Anchor Investment Management LLC grew its stake in shares of J. M. Smucker by 0.5% in the second quarter. Anchor Investment Management LLC now owns 19,791 shares of the company’s stock worth $2,158,000 after purchasing an additional 99 shares during the last quarter. State of Michigan Retirement System grew its stake in shares of J. M. Smucker by 0.3% in the second quarter. State of Michigan Retirement System now owns 33,561 shares of the company’s stock worth $3,659,000 after purchasing an additional 100 shares during the last quarter. Finally, PFG Investments LLC grew its stake in shares of J. M. Smucker by 5.9% in the second quarter. PFG Investments LLC now owns 1,959 shares of the company’s stock worth $214,000 after purchasing an additional 109 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.