J. M. Smucker (NYSE:SJM) Research Coverage Started at BTIG Research

BTIG Research initiated coverage on shares of J. M. Smucker (NYSE:SJM) in a research report released on Monday morning, MarketBeat reports. The brokerage issued a buy rating and a $120.00 target price on the stock.

Several other analysts have also recently commented on the stock. Canaccord Genuity Group raised shares of J. M. Smucker to a “buy” rating in a research note on Friday, January 16th. BNP Paribas Exane set a $125.00 price target on shares of J. M. Smucker in a research note on Thursday, April 9th. Bank of America raised shares of J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Monday, February 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of J. M. Smucker from $117.00 to $97.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and a consensus price target of $117.94.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $93.44 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of -7.93, a P/E/G ratio of 4.00 and a beta of 0.27. J. M. Smucker has a 1-year low of $88.25 and a 1-year high of $119.39. The firm’s 50-day moving average price is $103.64 and its two-hundred day moving average price is $103.21.

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

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a yield of 4.7%. J. M. Smucker’s dividend payout ratio (DPR) is presently -37.32%.

Hedge Funds Weigh In On J. M. Smucker

A number of hedge funds and other institutional investors have recently bought and sold shares of SJM. UBS Group AG boosted its stake in J. M. Smucker by 238.7% in the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after acquiring an additional 2,765,559 shares during the last quarter. Two Sigma Investments LP boosted its stake in J. M. Smucker by 6,854.4% in the third quarter. Two Sigma Investments LP now owns 1,527,962 shares of the company’s stock valued at $165,937,000 after acquiring an additional 1,505,991 shares during the last quarter. National Bank of Canada FI boosted its stake in J. M. Smucker by 797.4% in the third quarter. National Bank of Canada FI now owns 1,401,173 shares of the company’s stock valued at $152,167,000 after acquiring an additional 1,245,035 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new position in J. M. Smucker in the third quarter valued at approximately $112,944,000. Finally, Norges Bank bought a new position in J. M. Smucker in the fourth quarter valued at approximately $92,960,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Company Profile

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.