J. M. Smucker (NYSE:SJM) Downgraded by StockNews.com to Sell

J. M. Smucker (NYSE:SJM) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Several other equities analysts have also issued reports on SJM. Stifel Nicolaus dropped their target price on shares of 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 upped their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. DA Davidson dropped their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Finally, Barclays dropped their price objective on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $126.00.

J. M. Smucker Price Performance

SJM stock opened at $109.78 on Thursday. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 3.91 and a beta of 0.28. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. J. M. Smucker has a 12-month low of $98.77 and a 12-month high of $127.15. The company’s fifty day simple moving average is $107.00 and its 200 day simple moving average is $112.46.

J. M. Smucker (NYSE:SJM) last released its 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 business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, analysts expect that J. M. Smucker will post 9.88 earnings per share for the current year.

Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 5,028 shares of the business’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 completion of the sale, the chief financial officer now directly owns 13,263 shares of the company’s stock, valued at $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On J. M. Smucker

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in J. M. Smucker in the 4th quarter valued at about $112,978,000. FMR LLC increased its stake in J. M. Smucker by 40.0% in the 3rd quarter. FMR LLC now owns 3,353,996 shares of the company’s stock valued at $406,169,000 after buying an additional 958,142 shares during the last quarter. LSV Asset Management increased its stake in J. M. Smucker by 3,599.5% in the 4th quarter. LSV Asset Management now owns 929,400 shares of the company’s stock valued at $102,346,000 after buying an additional 904,278 shares during the last quarter. State Street Corp increased its stake in J. M. Smucker by 12.0% in the 3rd quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after buying an additional 762,746 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in J. M. Smucker by 76.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,078,892 shares of the company’s stock valued at $118,808,000 after buying an additional 468,200 shares during the last quarter. 81.66% of the stock is owned by institutional investors.

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.