The J. M. Smucker Company (NYSE:SJM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of The J. M. Smucker Company (NYSE:SJMGet Rating) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research 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 1-year target price among analysts that have issued a report on the stock in the last year is $132.77.

SJM has been the topic of several analyst reports. William Blair reiterated a “market perform” rating on shares of J. M. Smucker in a research note on Tuesday, March 1st. Credit Suisse Group dropped their price target on shares of J. M. Smucker from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 2nd. Citigroup dropped their price target on shares of J. M. Smucker from $138.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 2nd. JPMorgan Chase & Co. dropped their price target on shares of 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. Finally, Morgan Stanley dropped their price target on shares of J. M. Smucker from $130.00 to $117.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 2nd.

Institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC raised its stake in shares of J. M. Smucker by 8,965.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,024,047 shares of the company’s stock worth $139,086,000 after buying an additional 1,012,751 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of J. M. Smucker during the 4th quarter worth $81,056,000. State Street Corp raised its stake in shares of J. M. Smucker by 7.5% during the 4th quarter. State Street Corp now owns 8,032,129 shares of the company’s stock worth $1,090,924,000 after buying an additional 561,132 shares during the last quarter. Norges Bank acquired a new position in shares of J. M. Smucker during the 4th quarter worth $54,031,000. Finally, Wedge Capital Management L L P NC raised its stake in shares of J. M. Smucker by 7,256.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 254,096 shares of the company’s stock worth $34,511,000 after buying an additional 250,642 shares during the last quarter. 83.02% of the stock is owned by institutional investors.

NYSE:SJM traded down $0.10 during mid-day trading on Friday, hitting $125.55. The stock had a trading volume of 1,303,685 shares, compared to its average volume of 865,533. The stock has a 50-day simple moving average of $136.60 and a two-hundred day simple moving average of $135.30. The company has a market capitalization of $13.62 billion, a PE ratio of 23.64 and a beta of 0.27. J. M. Smucker has a twelve month low of $118.55 and a twelve month high of $146.74. The company has a current ratio of 1.19, a quick ratio of 0.57 and a debt-to-equity ratio of 0.52.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be given a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.15%. J. M. Smucker’s dividend payout ratio (DPR) is 74.58%.

About J. M. Smucker (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)

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