J. M. Smucker (NYSE:SJM) Price Target Raised to $126.00

J. M. Smucker (NYSE:SJM) had its target price increased by Barclays from $121.00 to $126.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Citigroup dropped 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. StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, J. M. Smucker currently has an average rating of “Hold” and a consensus price target of $128.00.

J. M. Smucker Stock Down 0.2 %

Shares of SJM stock opened at $117.79 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.25 and a debt-to-equity ratio of 0.89. J. M. Smucker has a 12 month low of $105.69 and a 12 month high of $134.62. The stock has a market cap of $12.53 billion, a P/E ratio of 23.84, a P/E/G ratio of 3.29 and a beta of 0.25. The company has a 50 day simple moving average of $116.34 and a two-hundred day simple moving average of $115.64.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.27. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the business earned $2.59 earnings per share. J. M. Smucker’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, research analysts expect that J. M. Smucker will post 9.87 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.67%. J. M. Smucker’s dividend payout ratio is currently 87.45%.

Institutional Investors Weigh In On J. M. Smucker

Hedge funds have recently bought and sold shares of the business. Studio Investment Management LLC purchased a new position in shares of J. M. Smucker in the 2nd quarter worth $26,000. Venturi Wealth Management LLC lifted its holdings in shares of J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after acquiring an additional 226 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in J. M. Smucker in the third quarter worth about $39,000. Quarry LP increased its stake in J. M. Smucker by 212.6% during the second quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after acquiring an additional 219 shares during the last quarter. Finally, Eastern Bank purchased a new stake in J. M. Smucker during the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

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.