The J. M. Smucker Company (NYSE:SJM) Receives $126.00 Average PT from Analysts

Shares of The J. M. Smucker Company (NYSE:SJM) have been assigned a consensus rating of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $126.00.

Several research analysts have commented on SJM shares. Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company lifted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and reduced their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. DA Davidson lowered their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Finally, StockNews.com lowered shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Thursday.

Insider Buying and Selling

In other news, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.40% of the stock is owned by insiders.

Institutional Trading of J. M. Smucker

Several large investors have recently made changes to their positions in the company. Capital Advisors Ltd. LLC grew its stake in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after acquiring an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of J. M. Smucker in the 4th quarter worth $27,000. Kentucky Trust Co acquired a new stake in J. M. Smucker in the 4th quarter valued at $28,000. Minot DeBlois Advisors LLC bought a new stake in J. M. Smucker during the 4th quarter valued at $28,000. Finally, Measured Risk Portfolios Inc. bought a new stake in J. M. Smucker during the 4th quarter valued at $29,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $109.27 on Tuesday. The business has a 50 day moving average of $106.82 and a 200-day moving average of $112.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. J. M. Smucker has a 1 year low of $98.77 and a 1 year high of $127.15. The company has a market capitalization of $11.63 billion, a P/E ratio of 22.12, a P/E/G ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, equities research analysts predict that J. M. Smucker will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $1.08 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.95%. J. M. Smucker’s dividend payout ratio is currently -179.25%.

About J. M. Smucker

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.