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

The J. M. Smucker Company (NYSE:SJMGet Rating) has received a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $139.55.

A number of research analysts recently weighed in on SJM shares. Morgan Stanley raised their price target on shares of J. M. Smucker from $117.00 to $132.00 and gave the company an “underweight” rating in a research note on Wednesday, August 24th. Credit Suisse Group raised their price target on shares of J. M. Smucker from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, August 24th. UBS Group raised their price target on shares of J. M. Smucker from $122.00 to $127.00 and gave the company a “sell” rating in a research note on Wednesday, August 24th. BNP Paribas started coverage on shares of J. M. Smucker in a research note on Tuesday. They issued an “underperform” rating and a $138.00 target price on the stock. Finally, StockNews.com started coverage on shares of J. M. Smucker in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Insider Activity at J. M. Smucker

In related news, insider Jill R. Penrose sold 4,543 shares of J. M. Smucker stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $140.83, for a total value of $639,790.69. Following the completion of the sale, the insider now owns 9,106 shares in the company, valued at approximately $1,282,397.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Mark T. Smucker sold 10,000 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $143.02, for a total transaction of $1,430,200.00. Following the transaction, the chief executive officer now directly owns 86,649 shares in the company, valued at $12,392,539.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jill R. Penrose sold 4,543 shares of the business’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 owns 9,106 shares in the company, valued at $1,282,397.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,019 shares of company stock worth $8,995,996. Insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SJM. MUFG Americas Holdings Corp grew its stake in J. M. Smucker by 93.0% in the 1st quarter. MUFG Americas Holdings Corp now owns 193 shares of the company’s stock worth $26,000 after acquiring an additional 93 shares during the period. Jones Financial Companies Lllp lifted its holdings in J. M. Smucker by 63.9% in the 2nd quarter. Jones Financial Companies Lllp now owns 200 shares of the company’s stock worth $26,000 after buying an additional 78 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in J. M. Smucker in the 1st quarter worth $27,000. Herold Advisors Inc. acquired a new position in J. M. Smucker in the 1st quarter worth $27,000. Finally, Klaas Financial Asset Advisors LLC acquired a new position in J. M. Smucker in the 3rd quarter worth $27,000. 79.56% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Up 1.1 %

J. M. Smucker stock opened at $146.14 on Friday. The business has a fifty day moving average of $142.88 and a two-hundred day moving average of $136.35. The company has a quick ratio of 0.45, a current ratio of 1.05 and a debt-to-equity ratio of 0.53. The firm has a market cap of $15.57 billion, a P/E ratio of 26.86, a P/E/G ratio of 6.06 and a beta of 0.25. J. M. Smucker has a twelve month low of $119.82 and a twelve month high of $152.16.

J. M. Smucker (NYSE:SJMGet Rating) last issued its quarterly earnings data on Tuesday, August 23rd. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.25 by $0.42. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. J. M. Smucker had a return on equity of 11.38% and a net margin of 7.33%. During the same quarter in the prior year, the business posted $1.90 EPS. On average, analysts forecast that J. M. Smucker will post 8.55 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 11th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $4.08 annualized dividend and a yield of 2.79%. J. M. Smucker’s dividend payout ratio (DPR) is presently 75.00%.

About J. M. Smucker

(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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