J. M. Smucker (NYSE:SJM) Price Target Lowered to $129.00 at UBS Group

J. M. Smucker (NYSE:SJM) had its price target decreased by UBS Group from $134.00 to $129.00 in a research report report published on Friday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. Wall Street Zen upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. Morgan Stanley assumed coverage on J. M. Smucker in a research note on Monday, March 24th. They set an “overweight” rating and a $123.00 price target for the company. Citigroup cut their price target on J. M. Smucker from $129.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, May 19th. DA Davidson cut their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Finally, Barclays cut their price target on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, J. M. Smucker has an average rating of “Hold” and an average price target of $125.30.

J. M. Smucker Stock Performance

Shares of SJM opened at $110.62 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The stock has a 50-day moving average of $113.88 and a 200-day moving average of $111.24. The company has a market cap of $11.77 billion, a PE ratio of 22.39, a P/E/G ratio of 3.91 and a beta of 0.35. J. M. Smucker has a one year low of $98.77 and a one year high of $125.42.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.91%. J. M. Smucker’s dividend payout ratio is currently -179.25%.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the sale, the chief financial officer now owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now owns 8,794 shares in the company, valued at approximately $1,022,390.44. The trade was a 36.78% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On J. M. Smucker

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in J. M. Smucker by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company’s stock valued at $1,469,544,000 after purchasing an additional 130,533 shares during the last quarter. FMR LLC lifted its stake in J. M. Smucker by 11.3% in the fourth quarter. FMR LLC now owns 3,734,305 shares of the company’s stock valued at $411,222,000 after purchasing an additional 380,309 shares during the last quarter. Invesco Ltd. lifted its stake in J. M. Smucker by 8.6% in the first quarter. Invesco Ltd. now owns 2,623,254 shares of the company’s stock valued at $310,620,000 after purchasing an additional 208,231 shares during the last quarter. Geode Capital Management LLC lifted its stake in J. M. Smucker by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company’s stock valued at $286,664,000 after purchasing an additional 58,231 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in J. M. Smucker by 12.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company’s stock valued at $267,252,000 after purchasing an additional 248,110 shares during the last quarter. Hedge funds and other institutional investors 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.