J. M. Smucker (NYSE:SJM) Upgraded at Bank of America

Bank of America upgraded shares of J. M. Smucker (NYSE:SJM) from a neutral rating to a buy rating in a research report sent to investors on Monday, MarketBeat Ratings reports. They currently have $130.00 target price on the stock.

A number of other equities analysts also recently commented on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $105.00 target price (down from $115.00) on shares of J. M. Smucker in a research note on Friday, January 16th. JPMorgan Chase & Co. lowered their price objective on J. M. Smucker from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. TD Cowen raised their target price on J. M. Smucker from $105.00 to $112.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Stifel Nicolaus decreased their target price on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $116.36.

J. M. Smucker Price Performance

SJM stock opened at $106.49 on Monday. The business’s 50-day moving average is $103.44 and its two-hundred day moving average is $105.32. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.89 and a quick ratio of 0.37. The firm has a market capitalization of $11.36 billion, a P/E ratio of -9.49, a P/E/G ratio of 6.68 and a beta of 0.23. J. M. Smucker has a 1 year low of $93.30 and a 1 year high of $121.48.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, November 25th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.02). The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a positive return on equity of 15.26% and a negative net margin of 13.61%.The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.76 earnings per share. Analysts anticipate that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.1%. J. M. Smucker’s dividend payout ratio (DPR) is -39.22%.

Institutional Trading of J. M. Smucker

A number of large investors have recently bought and sold shares of SJM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of J. M. Smucker by 10.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock worth $2,286,000 after buying an additional 1,763 shares during the period. United Services Automobile Association acquired a new stake in J. M. Smucker during the 1st quarter worth approximately $253,000. Empowered Funds LLC grew its stake in shares of J. M. Smucker by 28.6% in the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock valued at $1,538,000 after purchasing an additional 2,889 shares during the last quarter. Woodline Partners LP increased its holdings in shares of J. M. Smucker by 40.7% in the first quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after purchasing an additional 2,600 shares during the period. Finally, Carnegie Investment Counsel increased its holdings in shares of J. M. Smucker by 19.3% in the second quarter. Carnegie Investment Counsel now owns 2,976 shares of the company’s stock valued at $292,000 after purchasing an additional 481 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

About J. M. Smucker

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.