Deutsche Bank Aktiengesellschaft Increases J. M. Smucker (NYSE:SJM) Price Target to $145.00

J. M. Smucker (NYSE:SJMGet Rating) had its price target increased by investment analysts at Deutsche Bank Aktiengesellschaft from $143.00 to $145.00 in a report issued on Monday, The Fly reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 3.22% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Credit Suisse Group upped their price target on J. M. Smucker from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 24th. UBS Group boosted their price objective on J. M. Smucker from $122.00 to $127.00 and gave the stock a “sell” rating in a report on Wednesday, August 24th. The Goldman Sachs Group boosted their price objective on J. M. Smucker from $111.00 to $125.00 and gave the stock a “sell” rating in a report on Monday, October 10th. StockNews.com assumed coverage on J. M. Smucker in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Morgan Stanley boosted their price objective on J. M. Smucker from $117.00 to $132.00 and gave the stock an “underweight” rating in a report on Wednesday, August 24th. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and a consensus target price of $139.55.

J. M. Smucker Stock Down 0.8 %

Shares of NYSE:SJM opened at $140.48 on Monday. The company has a market capitalization of $14.97 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 6.03 and a beta of 0.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.05 and a quick ratio of 0.45. The business’s 50-day moving average is $142.57 and its 200-day moving average is $136.16. J. M. Smucker has a 1 year low of $119.82 and a 1 year high of $152.16.

J. M. Smucker (NYSE:SJMGet Rating) last posted its quarterly earnings results on Tuesday, August 23rd. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.42. J. M. Smucker had a return on equity of 11.38% and a net margin of 7.33%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business earned $1.90 EPS. Equities research analysts predict that J. M. Smucker will post 8.54 earnings per share for the current year.

Insider Buying and Selling

In other J. M. Smucker news, insider Jill R. Penrose sold 4,543 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $140.83, for a total transaction of $639,790.69. Following the sale, the insider now owns 9,106 shares in the company, valued at $1,282,397.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jill R. Penrose sold 4,543 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $140.83, for a total transaction of $639,790.69. Following the transaction, the insider now directly owns 9,106 shares of the company’s stock, valued at $1,282,397.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tucker H. Marshall sold 19,775 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $143.25, for a total value of $2,832,768.75. Following the transaction, the chief financial officer now directly owns 7,668 shares in the company, valued at $1,098,441. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,019 shares of company stock worth $8,995,996. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of J. M. Smucker

Large investors have recently modified their holdings of the business. MUFG Americas Holdings Corp grew its stake in shares of J. M. Smucker by 93.0% in the first quarter. MUFG Americas Holdings Corp now owns 193 shares of the company’s stock worth $26,000 after purchasing an additional 93 shares during the last quarter. Herold Advisors Inc. bought a new stake in shares of J. M. Smucker in the first quarter worth about $27,000. Jones Financial Companies Lllp grew its stake in shares of J. M. Smucker by 63.9% in the second quarter. Jones Financial Companies Lllp now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 78 shares during the last quarter. Klaas Financial Asset Advisors LLC bought a new stake in shares of J. M. Smucker in the third quarter worth about $27,000. Finally, Center for Financial Planning Inc. grew its stake in shares of J. M. Smucker by 20,000.0% in the third quarter. Center for Financial Planning Inc. now owns 201 shares of the company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. 79.56% of the stock is owned by 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 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, shortening and oils, and 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.

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

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