J. M. Smucker (NYSE:SJM) Given New $137.00 Price Target at JPMorgan Chase & Co.

J. M. Smucker (NYSE:SJM) had its price target trimmed by JPMorgan Chase & Co. from $153.00 to $137.00 in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage currently has a neutral rating on the stock.

Several other analysts also recently weighed in on SJM. UBS Group decreased their target price on J. M. Smucker from $159.00 to $157.00 in a research note on Wednesday, May 31st. StockNews.com started coverage on J. M. Smucker in a research report on Thursday, August 17th. They issued a hold rating for the company. Sanford C. Bernstein raised their price objective on J. M. Smucker from $135.00 to $142.00 in a research report on Wednesday, June 7th. 58.com reiterated a maintains rating on shares of J. M. Smucker in a research report on Thursday, June 8th. Finally, TheStreet downgraded J. M. Smucker from an a- rating to a c+ rating in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $151.23.

J. M. Smucker Stock Performance

Shares of NYSE SJM opened at $129.86 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 1.28. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of -763.88, a P/E/G ratio of 2.42 and a beta of 0.23. The business’s 50-day simple moving average is $145.86 and its 200-day simple moving average is $150.05. J. M. Smucker has a 52 week low of $129.00 and a 52 week high of $163.07.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, August 29th. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.19. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. J. M. Smucker had a positive return on equity of 12.96% and a negative net margin of 0.21%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 EPS. As a group, equities research analysts expect that J. M. Smucker will post 9.72 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were paid a dividend of $1.06 per share. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.02. This represents a $4.24 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Thursday, August 17th. J. M. Smucker’s dividend payout ratio is -2,494.12%.

Insider Activity

In other J. M. Smucker news, insider Jill R. Penrose sold 3,009 shares of J. M. Smucker stock in a transaction on Friday, June 16th. The shares were sold at an average price of $153.65, for a total transaction of $462,332.85. Following the completion of the sale, the insider now owns 6,058 shares of the company’s stock, valued at approximately $930,811.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jill R. Penrose sold 3,009 shares of the company’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $153.65, for a total value of $462,332.85. Following the completion of the sale, the insider now owns 6,058 shares in the company, valued at $930,811.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amy C. Held sold 9,917 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $143.80, for a total value of $1,426,064.60. Following the completion of the sale, the insider now owns 5,972 shares of the company’s stock, valued at approximately $858,773.60. The disclosure for this sale can be found here. Insiders have sold 42,474 shares of company stock valued at $6,381,615 over the last 90 days. 3.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On J. M. Smucker

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SJM. Eagle Bay Advisors LLC bought a new stake in J. M. Smucker in the second quarter valued at about $27,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in J. M. Smucker by 142.9% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 187 shares of the company’s stock valued at $28,000 after acquiring an additional 110 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in J. M. Smucker by 59.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 187 shares of the company’s stock valued at $29,000 after acquiring an additional 70 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in J. M. Smucker in the fourth quarter valued at about $30,000. Finally, Duncker Streett & Co. Inc. acquired a new position in J. M. Smucker in the second quarter valued at about $30,000. Institutional investors own 79.08% of the company’s stock.

About J. M. Smucker

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, toppings, and syrups; jelly products; nut mix products; shortening and oils; 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.