Analysts Set The J. M. Smucker Company (NYSE:SJM) PT at $126.50

Shares of The J. M. Smucker Company (NYSE:SJM) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $126.50.

SJM has been the subject of a number of research reports. Morgan Stanley started coverage on shares of J. M. Smucker in a research report on Monday, March 24th. They set an “overweight” rating and a $123.00 target price for the company. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. Barclays dropped their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. UBS Group assumed coverage on J. M. Smucker in a report on Wednesday, April 23rd. They issued a “buy” rating and a $134.00 price target for the company. Finally, DA Davidson dropped their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the business’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the sale, the insider now directly owns 8,794 shares of the company’s stock, valued at $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the sale, the chief financial officer now owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On J. M. Smucker

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Advisors Ltd. LLC boosted its stake in shares of J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after purchasing an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new stake in J. M. Smucker during the 4th quarter valued at $27,000. Kentucky Trust Co purchased a new stake in J. M. Smucker during the 4th quarter valued at $28,000. Minot DeBlois Advisors LLC bought a new stake in J. M. Smucker in the 4th quarter worth $28,000. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of J. M. Smucker in the fourth quarter valued at about $29,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Trading Down 0.5 %

NYSE SJM opened at $111.48 on Wednesday. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 3.91 and a beta of 0.36. The business’s fifty day moving average is $114.20 and its 200-day moving average is $111.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. J. M. Smucker has a one year low of $98.77 and a one year high of $125.42.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. Equities research analysts predict that J. M. Smucker will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be given a $1.08 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.32 annualized dividend and a yield of 3.88%. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

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.