J. M. Smucker (NYSE:SJM) Price Target Cut to $135.00 by Analysts at TD Cowen

J. M. Smucker (NYSE:SJMFree Report) had its price target decreased by TD Cowen from $140.00 to $135.00 in a report issued on Friday, Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other brokerages also recently commented on SJM. Stifel Nicolaus raised J. M. Smucker from a hold rating to a buy rating and set a $135.00 target price on the stock in a report on Wednesday, February 28th. StockNews.com downgraded shares of J. M. Smucker from a hold rating to a sell rating in a research report on Monday, June 3rd. JPMorgan Chase & Co. increased their price target on J. M. Smucker from $126.00 to $128.00 and gave the stock a neutral rating in a report on Wednesday, February 28th. DA Davidson started coverage on J. M. Smucker in a report on Friday, March 1st. They issued a neutral rating and a $132.00 price target on the stock. Finally, Citigroup cut their price target on J. M. Smucker from $153.00 to $152.00 and set a buy rating on the stock in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $134.79.

Read Our Latest Report on SJM

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $114.98 on Friday. J. M. Smucker has a one year low of $106.32 and a one year high of $154.34. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.38. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.75 and a beta of 0.23. The firm has a 50 day simple moving average of $114.03 and a 200 day simple moving average of $120.66.

J. M. Smucker (NYSE:SJMGet Free Report) last posted its earnings results on Thursday, June 6th. The company reported $2.66 EPS for the quarter, beating the consensus estimate of $2.32 by $0.34. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.24 billion. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the company earned $2.64 earnings per share. Research analysts predict that J. M. Smucker will post 10.1 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Thursday, May 16th. J. M. Smucker’s payout ratio is 59.55%.

Insider Activity at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the sale, the insider now directly owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.50% of the stock is currently owned by company insiders.

Institutional Trading of J. M. Smucker

A number of large investors have recently bought and sold shares of the company. Sound View Wealth Advisors Group LLC increased its position in J. M. Smucker by 1.6% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock worth $667,000 after buying an additional 81 shares during the last quarter. Tradition Wealth Management LLC increased its position in J. M. Smucker by 7.3% in the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock worth $154,000 after buying an additional 83 shares during the last quarter. Czech National Bank increased its position in J. M. Smucker by 0.5% in the first quarter. Czech National Bank now owns 18,676 shares of the company’s stock worth $2,351,000 after buying an additional 88 shares during the last quarter. Shell Asset Management Co. increased its position in J. M. Smucker by 4.4% in the third quarter. Shell Asset Management Co. now owns 2,183 shares of the company’s stock worth $268,000 after buying an additional 93 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its position in J. M. Smucker by 0.7% in the first quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company’s stock worth $1,803,000 after buying an additional 93 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Company Profile

(Get Free Report)

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.

Featured Articles

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.