J. M. Smucker (NYSE:SJM) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of J. M. Smucker (NYSE:SJMFree Report) from a hold rating to a buy rating in a research note published on Wednesday morning, Marketbeat Ratings reports. They currently have $115.00 price target on the stock, down from their previous price target of $118.00.

Several other analysts have also weighed in on SJM. UBS Group decreased their target price on shares of J. M. Smucker from $134.00 to $129.00 and set a “buy” rating on the stock in a research report on Friday, June 6th. Wall Street Zen upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. Citigroup reduced their price target on shares of J. M. Smucker from $129.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Barclays reduced their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Finally, Morgan Stanley restated an “overweight” rating and issued a $124.00 price target (up from $123.00) on shares of J. M. Smucker in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $115.80.

Check Out Our Latest Stock Report on SJM

J. M. Smucker Stock Performance

NYSE:SJM opened at $95.73 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The firm’s 50-day moving average is $112.29 and its 200-day moving average is $110.71. J. M. Smucker has a 52-week low of $93.93 and a 52-week high of $125.42. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 3.91 and a beta of 0.35.

J. M. Smucker (NYSE:SJMGet Free Report) last issued its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.06. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the business earned $2.66 EPS. The firm’s revenue was down 2.8% on a year-over-year basis. Equities research analysts anticipate that J. M. Smucker will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Friday, May 16th. J. M. Smucker’s dividend payout ratio is presently -37.37%.

Insiders Place Their Bets

In related news, Director Tarang Amin bought 1,050 shares of the company’s stock in a transaction on Thursday, June 12th. The stock was bought at an average cost of $96.09 per share, with a total value of $100,894.50. Following the completion of the purchase, the director now owns 3,825 shares in the company, valued at approximately $367,544.25. The trade was a 37.84% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jill R. Penrose sold 5,117 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the sale, the insider now directly owns 8,794 shares of the company’s stock, valued at approximately $1,022,390.44. This trade represents a 36.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On J. M. Smucker

Institutional investors and hedge funds have recently modified their holdings of the business. Capital Advisors Ltd. LLC increased its stake in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after purchasing an additional 151 shares in the last quarter. Tortoise Investment Management LLC increased its stake in J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in J. M. Smucker in the fourth quarter valued at approximately $27,000. Kentucky Trust Co bought a new stake in J. M. Smucker in the fourth quarter valued at approximately $28,000. Finally, Minot DeBlois Advisors LLC bought a new stake in J. M. Smucker in the fourth quarter valued at approximately $28,000. 81.66% of the stock is owned by institutional investors.

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.

See Also

Analyst Recommendations for J. M. Smucker (NYSE:SJM)

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