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

The J. M. Smucker Company (NYSE:SJM) has received an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $126.42.

SJM has been the topic of several research analyst reports. Stifel Nicolaus downgraded J. M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. TD Cowen dropped their price target on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Company decreased their price objective on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Citigroup dropped their target price on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th.

J. M. Smucker Price Performance

SJM opened at $111.95 on Wednesday. The firm has a market capitalization of $11.91 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 3.30 and a beta of 0.25. The business’s 50-day moving average is $117.92 and its two-hundred day moving average is $115.68. J. M. Smucker has a 1 year low of $105.69 and a 1 year high of $134.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.17 by $0.27. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the business posted $2.21 EPS. J. M. Smucker’s revenue was up 17.7% on a year-over-year basis. Research analysts anticipate that J. M. Smucker will post 9.8 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.86%. J. M. Smucker’s payout ratio is 61.10%.

Institutional Trading of J. M. Smucker

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its position in J. M. Smucker by 12.4% during the third quarter. Daiwa Securities Group Inc. now owns 13,034 shares of the company’s stock worth $1,578,000 after purchasing an additional 1,440 shares in the last quarter. Swedbank AB raised its stake in shares of J. M. Smucker by 2.2% during the 3rd quarter. Swedbank AB now owns 130,460 shares of the company’s stock worth $15,799,000 after buying an additional 2,842 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of J. M. Smucker during the 3rd quarter valued at approximately $8,866,000. Cerity Partners LLC grew its stake in J. M. Smucker by 6.3% in the 3rd quarter. Cerity Partners LLC now owns 102,853 shares of the company’s stock valued at $12,455,000 after acquiring an additional 6,087 shares during the period. Finally, Great Valley Advisor Group Inc. purchased a new stake in J. M. Smucker in the 3rd quarter worth $3,266,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Company Profile

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.