J. M. Smucker (NYSE:SJM) Stock Rating Upgraded by Wall Street Zen

J. M. Smucker (NYSE:SJM) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada lifted their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. BTIG Research set a $130.00 target price on J. M. Smucker in a report on Wednesday, June 10th. TD Cowen raised their price target on J. M. Smucker from $103.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, June 10th. Morgan Stanley lifted their price target on J. M. Smucker from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. Finally, UBS Group boosted their price objective on J. M. Smucker from $121.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, J. M. Smucker has a consensus rating of “Hold” and a consensus price target of $121.67.

J. M. Smucker Stock Down 0.0%

Shares of NYSE:SJM opened at $120.13 on Friday. The firm has a market capitalization of $12.81 billion, a PE ratio of -92.41, a price-to-earnings-growth ratio of 1.68 and a beta of 0.25. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.33 and a current ratio of 0.78. J. M. Smucker has a 52-week low of $88.25 and a 52-week high of $127.64. The firm has a fifty day moving average of $113.46 and a 200 day moving average of $106.22.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, research analysts anticipate that J. M. Smucker will post 9.95 EPS for the current fiscal year.

Insider Activity at J. M. Smucker

In other news, insider Jill R. Penrose sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $116.69, for a total value of $583,450.00. Following the completion of the sale, the insider directly owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. This trade represents a 24.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Tucker H. Marshall sold 3,630 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total transaction of $403,111.50. Following the transaction, the chief financial officer owned 38,699 shares in the company, valued at $4,297,523.95. This represents a 8.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 18,533 shares of company stock worth $2,132,914 over the last quarter. 2.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in J. M. Smucker by 4.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 271,304 shares of the company’s stock valued at $26,216,000 after buying an additional 12,220 shares during the period. Hudson Edge Investment Partners Inc. boosted its holdings in shares of J. M. Smucker by 20.9% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 72,437 shares of the company’s stock valued at $7,085,000 after buying an additional 12,540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of J. M. Smucker by 130.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 184,104 shares of the company’s stock worth $18,007,000 after buying an additional 104,299 shares during the period. Swedbank AB grew its position in shares of J. M. Smucker by 17.8% in the 4th quarter. Swedbank AB now owns 180,595 shares of the company’s stock worth $17,664,000 after buying an additional 27,272 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of J. M. Smucker by 60.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 157,532 shares of the company’s stock worth $15,408,000 after acquiring an additional 59,260 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 is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.