J. M. Smucker (NYSE:SJM) Price Target Cut to $97.00 by Analysts at Deutsche Bank Aktiengesellschaft

J. M. Smucker (NYSE:SJM) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $117.00 to $97.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts have also recently weighed in on SJM. Canaccord Genuity Group upgraded shares of J. M. Smucker to a “buy” rating in a report on Friday, January 16th. Bank of America upgraded shares of J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a report on Monday, February 23rd. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised their price objective on J. M. Smucker from $121.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Finally, Sanford C. Bernstein upgraded J. M. Smucker from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $121.00 to $145.00 in a research note on Wednesday, March 11th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $119.60.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $95.08 on Monday. J. M. Smucker has a 12 month low of $93.30 and a 12 month high of $120.76. The firm has a market capitalization of $10.14 billion, a P/E ratio of -8.06, a P/E/G ratio of 3.97 and a beta of 0.22. 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 business has a fifty day simple moving average of $106.15 and a two-hundred day simple moving average of $104.32.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.11. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate 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 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 EPS. On average, equities analysts forecast 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. Investors of record on Friday, February 13th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $4.40 annualized dividend and a dividend yield of 4.6%. J. M. Smucker’s dividend payout ratio (DPR) is -37.32%.

Hedge Funds Weigh In On J. M. Smucker

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

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.