J. M. Smucker (NYSE:SJM – Get Free Report) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
SJM has been the subject of a number of other reports. DA Davidson reduced their price target on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, June 10th. Citigroup lifted their price objective on J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Argus cut their price objective on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, June 13th. TD Cowen cut their price objective on J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Finally, Barclays cut their price objective on J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a research report on Monday, June 10th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $132.64.
Read Our Latest Research Report on J. M. Smucker
J. M. Smucker Stock Performance
J. M. Smucker (NYSE:SJM – Get Free Report) last released its quarterly earnings results on Thursday, June 6th. The company reported $2.66 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the company posted $2.64 earnings per share. The business’s revenue was down 1.3% on a year-over-year basis. On average, equities research analysts expect that J. M. Smucker will post 10.06 earnings per share for the current year.
Insiders Place Their Bets
In other news, CEO Mark T. Smucker sold 10,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the completion of the sale, the chief executive officer now directly owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is owned by corporate insiders.
Institutional Trading of J. M. Smucker
Institutional investors have recently made changes to their positions in the stock. Brookstone Capital Management purchased a new stake in J. M. Smucker during the 4th quarter worth $210,000. SG Americas Securities LLC boosted its position in J. M. Smucker by 215.7% during the 4th quarter. SG Americas Securities LLC now owns 10,260 shares of the company’s stock worth $1,297,000 after purchasing an additional 7,010 shares during the period. Mutual Advisors LLC boosted its position in J. M. Smucker by 205.7% during the 4th quarter. Mutual Advisors LLC now owns 6,851 shares of the company’s stock worth $866,000 after purchasing an additional 4,610 shares during the period. Raymond James & Associates boosted its position in J. M. Smucker by 3.2% during the 4th quarter. Raymond James & Associates now owns 252,669 shares of the company’s stock worth $31,932,000 after purchasing an additional 7,945 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in J. M. Smucker by 4.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 29,450 shares of the company’s stock worth $3,722,000 after purchasing an additional 1,317 shares during the period. 81.66% of the stock is owned by hedge funds and other institutional investors.
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.
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