J. M. Smucker (NYSE:SJM) Reaches New 12-Month Low – What’s Next?

Shares of The J. M. Smucker Company (NYSE:SJM) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $100.72 and last traded at $100.77, with a volume of 231617 shares trading hands. The stock had previously closed at $101.91.

Analyst Ratings Changes

Several research firms have weighed in on SJM. Wells Fargo & Company raised their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $135.00 to $125.00 in a research report on Friday, October 25th. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their target price for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Barclays lowered their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $127.33.

J. M. Smucker Stock Down 0.4 %

The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 3.08 and a beta of 0.28. The firm’s 50-day moving average is $111.57 and its 200 day moving average is $115.44.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.25. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.59 EPS. Sell-side analysts anticipate that The J. M. Smucker Company will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $1.08 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 4.23%. J. M. Smucker’s payout ratio is 87.45%.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. This represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.40% of the company’s stock.

Institutional Trading of J. M. Smucker

A number of hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings in J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after purchasing an additional 226 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in shares of J. M. Smucker during the fourth quarter valued at about $33,000. Quarry LP increased its position in shares of J. M. Smucker by 212.6% during the second quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after acquiring an additional 219 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of J. M. Smucker in the third quarter worth about $39,000. Finally, Eastern Bank acquired a new position in shares of J. M. Smucker in the third quarter worth about $40,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

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.