Brokerages Set The J. M. Smucker Company (NYSE:SJM) Target Price at $132.77

The J. M. Smucker Company (NYSE:SJMGet Rating) has been given an average rating of “Hold” by the fifteen analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $132.77.

SJM has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on J. M. Smucker from $144.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 2nd. StockNews.com initiated coverage on J. M. Smucker in a research note on Thursday, March 31st. They set a “hold” rating on the stock. UBS Group assumed coverage on J. M. Smucker in a research note on Wednesday, March 30th. They set a “sell” rating and a $123.00 price objective on the stock. William Blair reaffirmed a “market perform” rating on shares of J. M. Smucker in a research report on Tuesday, March 1st. Finally, Credit Suisse Group dropped their target price on J. M. Smucker from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 2nd.

J. M. Smucker stock opened at $137.60 on Tuesday. The stock has a market cap of $14.92 billion, a P/E ratio of 25.91 and a beta of 0.27. The company has a current ratio of 1.19, a quick ratio of 0.57 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average of $135.22 and a 200-day moving average of $134.10. J. M. Smucker has a 52 week low of $118.55 and a 52 week high of $145.82.

J. M. Smucker (NYSE:SJMGet Rating) last announced its quarterly earnings data on Tuesday, March 1st. The company reported $2.33 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the business posted $2.45 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities analysts predict that J. M. Smucker will post 8.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Thursday, May 12th. J. M. Smucker’s payout ratio is currently 74.58%.

A number of large investors have recently added to or reduced their stakes in SJM. State Street Corp boosted its position in shares of J. M. Smucker by 7.5% in the 4th quarter. State Street Corp now owns 8,032,129 shares of the company’s stock valued at $1,090,924,000 after purchasing an additional 561,132 shares during the period. Massachusetts Financial Services Co. MA boosted its position in J. M. Smucker by 2.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,676,991 shares of the company’s stock worth $441,349,000 after acquiring an additional 72,494 shares during the period. Stifel Financial Corp boosted its position in J. M. Smucker by 4.5% during the 4th quarter. Stifel Financial Corp now owns 2,506,127 shares of the company’s stock worth $340,383,000 after acquiring an additional 107,678 shares during the period. Geode Capital Management LLC boosted its position in J. M. Smucker by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 2,120,286 shares of the company’s stock worth $287,268,000 after acquiring an additional 123,104 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of J. M. Smucker by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,899,534 shares of the company’s stock valued at $228,026,000 after buying an additional 78,897 shares during the last quarter. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading

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

Receive News & Ratings for J. M. Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J. M. Smucker and related companies with MarketBeat.com's FREE daily email newsletter.