J. M. Smucker (NYSE:SJM) Downgraded by StockNews.com

StockNews.com cut shares of J. M. Smucker (NYSE:SJM) from a hold rating to a sell rating in a report released on Monday morning.

Other research analysts have also recently issued research reports about the stock. Argus decreased their price target on shares of J. M. Smucker from $150.00 to $135.00 and set a buy rating for the company in a report on Thursday, June 13th. Citigroup boosted their price target on J. M. Smucker from $137.00 to $139.00 and gave the company a buy rating in a research note on Friday, June 7th. DA Davidson decreased their target price on J. M. Smucker from $132.00 to $126.00 and set a neutral rating for the company in a report on Monday, June 10th. Barclays cut their price target on shares of J. M. Smucker from $132.00 to $123.00 and set an equal weight rating on the stock in a report on Monday, June 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of J. M. Smucker from $126.00 to $128.00 and gave the company a neutral rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, J. M. Smucker presently has a consensus rating of Hold and a consensus target price of $132.64.

J. M. Smucker Price Performance

Shares of SJM opened at $108.65 on Monday. The company has a 50 day moving average of $112.57 and a two-hundred day moving average of $120.41. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 2.16 and a beta of 0.23. The company has a quick ratio of 0.25, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. J. M. Smucker has a twelve month low of $105.69 and a twelve month high of $153.94.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Thursday, June 6th. The company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the business posted $2.64 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. As a group, analysts predict that J. M. Smucker will post 10.06 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were paid a $1.06 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.24 annualized dividend and a dividend yield of 3.90%. J. M. Smucker’s dividend payout ratio is presently 59.55%.

Insiders Place Their Bets

In other news, CEO Mark T. Smucker sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $110.16, for a total value of $1,101,600.00. Following the completion of the sale, the chief executive officer now directly owns 78,757 shares in the company, valued at $8,675,871.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is currently owned by company insiders.

Institutional Trading of J. M. Smucker

A number of institutional investors and hedge funds have recently modified their holdings of SJM. Kestra Advisory Services LLC lifted its position in shares of J. M. Smucker by 32.7% in the third quarter. Kestra Advisory Services LLC now owns 6,963 shares of the company’s stock valued at $856,000 after acquiring an additional 1,714 shares in the last quarter. FMR LLC boosted its stake in J. M. Smucker by 32.2% during the 3rd quarter. FMR LLC now owns 646,827 shares of the company’s stock worth $79,501,000 after purchasing an additional 157,443 shares during the last quarter. LPL Financial LLC grew its holdings in shares of J. M. Smucker by 9.9% during the third quarter. LPL Financial LLC now owns 89,710 shares of the company’s stock worth $11,026,000 after buying an additional 8,084 shares in the last quarter. Stifel Financial Corp raised its position in shares of J. M. Smucker by 4.8% in the third quarter. Stifel Financial Corp now owns 129,078 shares of the company’s stock valued at $15,868,000 after buying an additional 5,957 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of J. M. Smucker by 43.4% in the third quarter. Federated Hermes Inc. now owns 17,011 shares of the company’s stock worth $2,091,000 after buying an additional 5,149 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Company Profile

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.