J. M. Smucker (NYSE:SJM) Now Covered by Analysts at Morgan Stanley

Equities researchers at Morgan Stanley started coverage on shares of J. M. Smucker (NYSE:SJM) in a report issued on Monday, Marketbeat reports. The brokerage set an “overweight” rating and a $123.00 price target on the stock. Morgan Stanley’s price target indicates a potential upside of 10.50% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. StockNews.com cut J. M. Smucker from a “hold” rating to a “sell” rating in a report on Thursday, March 20th. Stifel Nicolaus lowered their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. DA Davidson reduced their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Finally, Barclays lowered their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $125.67.

J. M. Smucker Stock Down 0.4 %

Shares of NYSE SJM opened at $111.31 on Monday. The stock has a market capitalization of $11.85 billion, a PE ratio of 22.53, a P/E/G 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. The firm has a fifty day moving average of $107.37 and a 200-day moving average of $112.23. J. M. Smucker has a 52-week low of $98.77 and a 52-week high of $127.15.

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

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the transaction, the chief financial officer now 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 document filed with the SEC, which is available through this link. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SJM. Natixis Advisors LLC lifted its holdings in J. M. Smucker by 12.5% in the third quarter. Natixis Advisors LLC now owns 15,520 shares of the company’s stock worth $1,879,000 after acquiring an additional 1,724 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of J. M. Smucker by 1.5% during the 3rd quarter. Pathstone Holdings LLC now owns 15,369 shares of the company’s stock worth $1,861,000 after purchasing an additional 233 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of J. M. Smucker by 32.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,302 shares of the company’s stock worth $1,248,000 after purchasing an additional 2,518 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in J. M. Smucker by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 990,632 shares of the company’s stock valued at $119,966,000 after purchasing an additional 13,276 shares during the period. Finally, Raymond James Trust N.A. grew its stake in J. M. Smucker by 6.8% during the 3rd quarter. Raymond James Trust N.A. now owns 4,846 shares of the company’s stock worth $587,000 after buying an additional 310 shares during the last quarter. 81.66% of the stock is currently 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.