The J. M. Smucker Company (NYSE:SJM) Receives $126.78 Consensus PT from Brokerages

Shares of The J. M. Smucker Company (NYSE:SJM) have received an average rating of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $126.78.

Several brokerages recently commented on SJM. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. Wells Fargo & Company increased their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Stifel Nicolaus cut their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, Barclays dropped their price objective on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 4th.

J. M. Smucker Trading Down 0.9 %

Shares of NYSE:SJM opened at $106.80 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock has a market capitalization of $11.37 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 3.23 and a beta of 0.28. J. M. Smucker has a 1-year low of $99.81 and a 1-year high of $134.62. The company has a 50 day moving average price of $109.94 and a 200 day moving average price of $114.96.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the company posted $2.59 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. On average, research analysts anticipate that J. M. Smucker will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Friday, February 14th. J. M. Smucker’s dividend payout ratio (DPR) is 87.45%.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $2,116,942. This represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its stake in shares of J. M. Smucker by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 50,742 shares of the company’s stock valued at $5,533,000 after purchasing an additional 2,411 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of J. M. Smucker by 65.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,018 shares of the company’s stock valued at $438,000 after purchasing an additional 1,586 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of J. M. Smucker by 60.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,334 shares of the company’s stock worth $2,217,000 after purchasing an additional 7,662 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in shares of J. M. Smucker during the 2nd quarter worth about $813,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in J. M. Smucker by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 69,370 shares of the company’s stock valued at $7,564,000 after purchasing an additional 1,296 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

About J. M. Smucker

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.