The J. M. Smucker Company (NYSE:SJM) Receives $132.77 Consensus Target Price from Analysts

Shares of The J. M. Smucker Company (NYSE:SJMGet Rating) have received an average rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $132.77.

A number of research analysts recently commented on SJM shares. William Blair restated a “market perform” rating on shares of J. M. Smucker in a research report on Tuesday, March 1st. StockNews.com assumed coverage on shares of J. M. Smucker in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Credit Suisse Group cut their price target on shares of J. M. Smucker from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, March 2nd. Citigroup lowered their price objective on shares of J. M. Smucker from $138.00 to $131.00 and set a “neutral” rating for the company in a research report on Wednesday, March 2nd. Finally, The Goldman Sachs Group raised their target price on J. M. Smucker from $107.00 to $111.00 in a report on Thursday, February 17th.

NYSE SJM opened at $138.80 on Friday. The firm has a 50-day moving average price of $134.27 and a two-hundred day moving average price of $131.79. J. M. Smucker has a 12-month low of $118.55 and a 12-month high of $145.82. The company has a market capitalization of $15.05 billion, a P/E ratio of 26.14 and a beta of 0.30. The company has a quick ratio of 0.57, a current ratio of 1.19 and a debt-to-equity ratio of 0.52.

J. M. Smucker (NYSE:SJMGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.25. J. M. Smucker had a return on equity of 11.30% and a net margin of 7.31%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the company posted $2.45 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts expect that J. M. Smucker will post 8.55 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 1st. Stockholders of record on Friday, February 11th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Thursday, February 10th. J. M. Smucker’s payout ratio is 74.58%.

A number of hedge funds and other institutional investors have recently made changes to their positions in SJM. Sequoia Financial Advisors LLC increased its holdings in J. M. Smucker by 8,965.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,024,047 shares of the company’s stock valued at $139,086,000 after purchasing an additional 1,012,751 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at about $81,056,000. State Street Corp increased its stake in shares of J. M. Smucker by 7.5% in the fourth quarter. State Street Corp now owns 8,032,129 shares of the company’s stock valued at $1,090,924,000 after buying an additional 561,132 shares during the period. Morgan Stanley raised its position in shares of J. M. Smucker by 52.9% during the second quarter. Morgan Stanley now owns 1,523,858 shares of the company’s stock worth $197,445,000 after acquiring an additional 527,204 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of J. M. Smucker in the fourth quarter worth approximately $54,031,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

J. M. Smucker Company Profile (Get Rating)

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches; 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 ingredient.

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Analyst Recommendations for J. M. Smucker (NYSE:SJM)

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