Barclays Lowers J. M. Smucker (NYSE:SJM) Price Target to $123.00

J. M. Smucker (NYSE:SJMFree Report) had its target price decreased by Barclays from $132.00 to $123.00 in a report published on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other analysts also recently issued reports on the company. Stifel Nicolaus raised J. M. Smucker from a hold rating to a buy rating and set a $135.00 price objective on the stock in a research note on Wednesday, February 28th. Citigroup upped their target price on J. M. Smucker from $137.00 to $139.00 and gave the stock a buy rating in a report on Friday, June 7th. cut J. M. Smucker from a hold rating to a sell rating in a report on Monday, June 3rd. DA Davidson started coverage on J. M. Smucker in a research report on Friday, March 1st. They issued a neutral rating and a $132.00 price target for the company. Finally, TD Cowen reduced their target price on J. M. Smucker from $140.00 to $135.00 and set a buy rating on the stock in a research report on Friday, June 7th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $132.64.

Read Our Latest Research Report on J. M. Smucker

J. M. Smucker Trading Up 0.7 %

J. M. Smucker stock opened at $110.94 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.25. J. M. Smucker has a one year low of $106.32 and a one year high of $154.34. The stock has a market capitalization of $11.78 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.88 and a beta of 0.23. The business’s fifty day moving average is $113.20 and its 200 day moving average is $120.71.

J. M. Smucker (NYSE:SJMGet Free Report) last announced its earnings results on Thursday, June 6th. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.34. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the firm posted $2.64 earnings per share. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, sell-side analysts predict that J. M. Smucker will post 10.08 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Thursday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is 59.55%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the firm’s 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 sale, the insider now directly owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of J. M. Smucker

Several institutional investors have recently bought and sold shares of SJM. Boston Partners acquired a new stake in shares of J. M. Smucker in the first quarter worth approximately $364,990,000. Norges Bank purchased a new position in J. M. Smucker during the fourth quarter worth approximately $157,077,000. Ameriprise Financial Inc. lifted its position in J. M. Smucker by 487.5% during the third quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock worth $178,961,000 after buying an additional 1,210,837 shares in the last quarter. Nordea Investment Management AB raised its position in 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 purchasing an additional 999,315 shares during the period. Finally, Point72 Asset Management L.P. raised its position in 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 purchasing an additional 677,600 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Company Profile

(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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