J. M. Smucker (NYSE:SJM) Rating Lowered to Sell at StockNews.com

J. M. Smucker (NYSE:SJM) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Several other equities research analysts have also recently issued reports on the stock. Citigroup lifted their price objective on shares of J. M. Smucker from $137.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Argus reduced their price objective on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. TD Cowen reduced their price objective on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Barclays reduced their price objective on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Monday, June 10th. Finally, DA Davidson reduced their price target on shares of J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $132.64.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $119.99 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.25. J. M. Smucker has a 1-year low of $105.69 and a 1-year high of $153.00. The company has a market capitalization of $12.74 billion, a P/E ratio of 16.85, a P/E/G ratio of 2.36 and a beta of 0.25. The firm’s 50 day simple moving average is $112.63 and its two-hundred day simple moving average is $118.36.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Thursday, June 6th. The company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.34. J. M. Smucker had a net margin of 9.10% and a return on equity of 14.15%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the firm earned $2.64 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Research analysts expect that J. M. Smucker will post 10.06 EPS for the current fiscal year.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker 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 transaction, the chief executive officer now owns 78,757 shares in the company, valued at $8,675,871.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.40% of the company’s stock.

Institutional Trading of J. M. Smucker

A number of large investors have recently made changes to their positions in the stock. Sound View Wealth Advisors Group LLC boosted its stake in shares of J. M. Smucker by 1.6% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 5,281 shares of the company’s stock valued at $667,000 after purchasing an additional 81 shares during the period. Tradition Wealth Management LLC boosted its stake in shares of J. M. Smucker by 7.3% during the fourth quarter. Tradition Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $154,000 after purchasing an additional 83 shares during the period. Czech National Bank boosted its stake in shares of J. M. Smucker by 0.5% during the first quarter. Czech National Bank now owns 18,676 shares of the company’s stock valued at $2,351,000 after purchasing an additional 88 shares during the period. Resonant Capital Advisors LLC lifted its stake in J. M. Smucker by 0.7% in the first quarter. Resonant Capital Advisors LLC now owns 14,328 shares of the company’s stock worth $1,803,000 after acquiring an additional 93 shares during the period. Finally, First National Trust Co lifted its stake in J. M. Smucker by 4.9% in the fourth quarter. First National Trust Co now owns 2,110 shares of the company’s stock worth $267,000 after acquiring an additional 99 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.