Headlines about J M Smucker (NYSE:SJM) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. J M Smucker earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.4254971591132 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Will General Mills’ Q3 Earnings Revive the Stock? (finance.yahoo.com)
- Will General Mills Sustain Its Sales Momentum in Q3? (finance.yahoo.com)
- J.M. Smucker: Small Cap Dividend Spotlight (seekingalpha.com)
- J M Smucker Co (SJM) Expected to Post Quarterly Sales of $1.82 Billion (americanbankingnews.com)
- United Natural (UNFI) Beats on Q2 Earnings, Ups FY18 View (finance.yahoo.com)
Several research firms recently commented on SJM. Gabelli reissued a “buy” rating on shares of J M Smucker in a report on Monday, March 5th. Credit Suisse Group set a $120.00 target price on J M Smucker and gave the company a “hold” rating in a report on Wednesday, January 10th. Wells Fargo & Co set a $128.00 target price on J M Smucker and gave the company a “hold” rating in a report on Thursday, January 4th. Stifel Nicolaus increased their target price on J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a report on Friday, November 17th. Finally, Zacks Investment Research lowered J M Smucker from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $129.43.
J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Friday, February 16th. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.34. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. J M Smucker had a return on equity of 12.46% and a net margin of 17.16%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.00 earnings per share. research analysts forecast that J M Smucker will post 8.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Friday, February 9th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Thursday, February 8th. J M Smucker’s payout ratio is 17.45%.
In related news, insider David J. Lemmon sold 1,205 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the transaction, the senior vice president now directly owns 23,452 shares in the company, valued at approximately $2,916,490.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,610 shares of company stock worth $698,093. Corporate insiders own 3.50% of the company’s stock.
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About J M Smucker
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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