Brokerages Set The J. M. Smucker Company (NYSE:SJM) Target Price at $126.42

The J. M. Smucker Company (NYSE:SJM) has been given an average rating of “Hold” by the twelve research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $127.09.

A number of equities analysts recently weighed in on SJM shares. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Citigroup reduced their target price on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Bank of America lowered their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Barclays reduced their price objective on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, August 30th. Finally, Wells Fargo & Company dropped their price target on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, August 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SJM. Studio Investment Management LLC acquired a new position in J. M. Smucker during the second quarter worth about $26,000. Venturi Wealth Management LLC increased its position in J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after purchasing an additional 226 shares in the last quarter. Quarry LP lifted its stake in J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after purchasing an additional 219 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in J. M. Smucker in the 3rd quarter valued at approximately $39,000. Finally, Eastern Bank bought a new position in shares of J. M. Smucker in the 3rd quarter valued at $40,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Stock Down 2.5 %

Shares of SJM stock opened at $106.92 on Wednesday. The firm’s fifty day moving average price is $117.25 and its two-hundred day moving average price is $115.56. 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 1 year low of $105.69 and a 1 year high of $134.62. The firm has a market capitalization of $11.38 billion, a P/E ratio of 15.12, a PEG ratio of 3.18 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last released its earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the business earned $2.21 earnings per share. J. M. Smucker’s quarterly revenue was up 17.7% on a year-over-year basis. On average, equities analysts predict that J. M. Smucker will post 9.8 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 4.04%. J. M. Smucker’s dividend payout ratio is 61.10%.

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.