J. M. Smucker (NYSE:SJM) Hits New 1-Year Low – Time to Sell?

Shares of The J. M. Smucker Company (NYSE:SJM) hit a new 52-week low during trading on Tuesday . The company traded as low as $98.77 and last traded at $100.32, with a volume of 223850 shares changing hands. The stock had previously closed at $102.03.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stifel Nicolaus reduced their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Barclays reduced their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company increased their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $126.78.

J. M. Smucker Stock Down 1.6 %

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 company’s 50-day simple moving average is $106.66 and its 200 day simple moving average is $113.66. The firm has a market cap of $10.68 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 3.15 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the business earned $2.59 earnings per share. J. M. Smucker’s quarterly revenue was up 17.2% compared to the same quarter last year. Research analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.32 annualized dividend and a yield of 4.30%. J. M. Smucker’s dividend payout ratio (DPR) is currently 87.45%.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SJM. Exchange Traded Concepts LLC increased its stake in J. M. Smucker by 3,128.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,260 shares of the company’s stock worth $274,000 after buying an additional 2,190 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in J. M. Smucker by 3.2% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,110 shares of the company’s stock worth $1,345,000 after buying an additional 340 shares during the period. Blue Trust Inc. increased its position in J. M. Smucker by 11.0% during the 3rd quarter. Blue Trust Inc. now owns 1,032 shares of the company’s stock valued at $125,000 after purchasing an additional 102 shares during the period. Raymond James & Associates increased its position in J. M. Smucker by 7.8% during the 3rd quarter. Raymond James & Associates now owns 259,394 shares of the company’s stock valued at $31,413,000 after purchasing an additional 18,767 shares during the period. Finally, OLD National Bancorp IN increased its position in J. M. Smucker by 6.0% during the 3rd quarter. OLD National Bancorp IN now owns 2,837 shares of the company’s stock valued at $344,000 after purchasing an additional 161 shares during the period. 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.