J. M. Smucker (NYSE:SJM) Price Target Lowered to $123.00 at Barclays

J. M. Smucker (NYSE:SJMFree Report) had its price target reduced by Barclays from $132.00 to $123.00 in a research note issued to investors on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Citigroup upped their target price on shares of J. M. Smucker from $137.00 to $139.00 and gave the company a buy rating in a report on Friday. StockNews.com cut J. M. Smucker from a hold rating to a sell rating in a research note on Monday, June 3rd. DA Davidson started coverage on J. M. Smucker in a report on Friday, March 1st. They set a neutral rating and a $132.00 price target for the company. TD Cowen decreased their price objective on shares of J. M. Smucker from $140.00 to $135.00 and set a buy rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of J. M. Smucker from $126.00 to $128.00 and gave the stock a neutral rating in a research note on Wednesday, February 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $133.71.

Read Our Latest Analysis on SJM

J. M. Smucker Stock Down 1.2 %

Shares of NYSE:SJM opened at $113.58 on Monday. J. M. Smucker has a one year low of $106.32 and a one year high of $154.34. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 1.74 and a beta of 0.23. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.25. The company has a 50 day moving average of $113.81 and a 200-day moving average of $120.79.

J. M. Smucker (NYSE:SJMGet Free Report) last released its quarterly earnings results on Thursday, June 6th. The company reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.34. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm posted $2.64 earnings per share. J. M. Smucker’s revenue was down 1.3% compared to the same quarter last year. On average, sell-side analysts forecast that J. M. Smucker will post 10.12 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Thursday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is 59.55%.

Insiders Place Their Bets

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the completion of the sale, the insider now directly owns 8,946 shares in the company, valued at approximately $1,116,192.42. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On J. M. Smucker

Several institutional investors and hedge funds have recently modified their holdings of SJM. Boston Partners bought a new stake in J. M. Smucker during the first quarter worth about $364,990,000. Norges Bank purchased a new position in J. M. Smucker during the fourth quarter valued at $157,077,000. Ameriprise Financial Inc. boosted its holdings in J. M. Smucker by 487.5% in the third quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock worth $178,961,000 after acquiring an additional 1,210,837 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of J. M. Smucker by 363.8% in the fourth quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock worth $160,258,000 after acquiring an additional 999,315 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of J. M. Smucker by 21,858.1% during the fourth quarter. Point72 Asset Management L.P. now owns 680,700 shares of the company’s stock valued at $86,027,000 after acquiring an additional 677,600 shares in 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.

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