J. M. Smucker (NYSE:SJM) Price Target Cut to $113.00 by Analysts at TD Cowen

J. M. Smucker (NYSE:SJM) had its price target lowered by TD Cowen from $124.00 to $113.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other analysts also recently commented on SJM. Wall Street Zen downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Wells Fargo & Company boosted their price objective on J. M. Smucker from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $105.00 target price (down from $115.00) on shares of J. M. Smucker in a research report on Friday, January 16th. Barclays lifted their target price on J. M. Smucker from $105.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, January 21st. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $121.21.

J. M. Smucker Stock Down 1.1%

SJM opened at $100.32 on Thursday. J. M. Smucker has a fifty-two week low of $93.30 and a fifty-two week high of $120.76. The firm has a market capitalization of $10.70 billion, a P/E ratio of -8.51, a PEG ratio of 4.22 and a beta of 0.22. The company’s 50-day moving average is $106.95 and its 200 day moving average is $105.13. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.11. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the firm posted $2.61 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts expect that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, February 13th. J. M. Smucker’s dividend payout ratio is currently -37.32%.

Institutional Investors Weigh In On J. M. Smucker

Several large investors have recently added to or reduced their stakes in SJM. Garton & Associates Financial Advisors LLC purchased a new stake in J. M. Smucker during the fourth quarter valued at about $25,000. CYBER HORNET ETFs LLC purchased a new position in shares of J. M. Smucker in the second quarter worth about $27,000. Elevation Point Wealth Partners LLC purchased a new position in shares of J. M. Smucker in the second quarter worth about $28,000. Root Financial Partners LLC bought a new stake in shares of J. M. Smucker in the third quarter valued at approximately $29,000. Finally, MCF Advisors LLC lifted its stake in shares of J. M. Smucker by 68.1% during the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after buying an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.