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

Shares of The J. M. Smucker Company (NYSE:SJMGet Free Report) have been given a consensus recommendation of “Hold” by the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $137.47.

Several research analysts have recently weighed in on SJM shares. Stifel Nicolaus raised J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research note on Wednesday, February 28th. JPMorgan Chase & Co. increased their price objective on J. M. Smucker from $126.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Barclays upped their target price on J. M. Smucker from $129.00 to $132.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Finally, Citigroup lowered their price target on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating for the company in a report on Wednesday, February 28th.

Get Our Latest Research Report on SJM

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total value of $399,264.00. Following the transaction, the insider now directly owns 8,946 shares in the company, valued at approximately $1,116,192.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SJM. Boston Partners purchased a new stake in shares of J. M. Smucker in the first quarter valued at approximately $364,990,000. Norges Bank purchased a new stake in shares of J. M. Smucker in the fourth quarter valued at approximately $157,077,000. Ameriprise Financial Inc. boosted its stake in shares of J. M. Smucker by 487.5% in the third quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock valued at $178,961,000 after buying an additional 1,210,837 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of J. M. Smucker by 363.8% in the fourth quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock valued at $160,258,000 after buying an additional 999,315 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of J. M. Smucker by 21,858.1% in the fourth quarter. Point72 Asset Management L.P. now owns 680,700 shares of the company’s stock valued at $86,027,000 after buying an additional 677,600 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $108.48 on Wednesday. The business’s 50 day moving average price is $115.92 and its 200 day moving average price is $120.80. The firm has a market cap of $11.52 billion, a P/E ratio of -123.27, a P/E/G ratio of 1.65 and a beta of 0.23. J. M. Smucker has a 52 week low of $107.33 and a 52 week high of $156.03. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07.

J. M. Smucker (NYSE:SJMGet Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.21. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the company posted $2.21 earnings per share. J. M. Smucker’s revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side analysts expect that J. M. Smucker will post 9.59 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $1.06 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.24 annualized dividend and a dividend yield of 3.91%. J. M. Smucker’s dividend payout ratio (DPR) is currently -481.81%.

About J. M. Smucker

(Get Free Report

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.

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Analyst Recommendations for J. M. Smucker (NYSE:SJM)

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