J. M. Smucker (NYSE:SJM) Given New $135.00 Price Target at Argus

J. M. Smucker (NYSE:SJM) had its price objective decreased by Argus from $150.00 to $135.00 in a report released on Thursday morning, MarketBeat Ratings reports. Argus currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Citigroup lifted their price target on shares of J. M. Smucker from $137.00 to $139.00 and gave the stock a buy rating in a research note on Friday, June 7th. JPMorgan Chase & Co. lifted their price target on shares of J. M. Smucker from $126.00 to $128.00 and gave the stock a neutral rating in a research note on Wednesday, February 28th. Barclays cut their price target on shares of J. M. Smucker from $132.00 to $123.00 and set an equal weight rating on the stock in a research note on Monday, June 10th. TD Cowen cut their price target on shares of J. M. Smucker from $140.00 to $135.00 and set a buy rating on the stock in a research note on Friday, June 7th. Finally, DA Davidson lowered their price objective 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. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and a consensus price target of $132.64.

J. M. Smucker Price Performance

Shares of SJM opened at $111.58 on Thursday. J. M. Smucker has a twelve month low of $106.32 and a twelve month high of $154.34. The firm’s fifty day simple moving average is $112.93 and its 200-day simple moving average is $120.65. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 2.22 and a beta of 0.23. The company has a current ratio of 0.52, a quick ratio of 0.25 and a debt-to-equity ratio of 0.88.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Thursday, June 6th. The company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.24 billion. During the same period last year, the business earned $2.64 EPS. The company’s revenue was down 1.3% on a year-over-year basis. Equities analysts forecast that J. M. Smucker will post 10.06 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Thursday, May 16th. J. M. Smucker’s payout ratio is 59.55%.

Insider Buying and Selling

In related news, insider Jeannette L. Knudsen sold 3,200 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total transaction of $399,264.00. Following the sale, the insider now owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.50% of the stock is owned by insiders.

Institutional Trading of J. M. Smucker

Institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC boosted its holdings in J. M. Smucker by 300.0% during the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock worth $25,000 after buying an additional 150 shares in the last quarter. Advantage Trust Co acquired a new position in J. M. Smucker during the fourth quarter worth about $25,000. Cooksen Wealth LLC acquired a new position in J. M. Smucker during the fourth quarter worth about $33,000. Valley National Advisers Inc. raised its position in J. M. Smucker by 2,266.7% during the fourth quarter. Valley National Advisers Inc. now owns 284 shares of the company’s stock worth $35,000 after acquiring an additional 272 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in J. M. Smucker during the first quarter worth about $35,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

About J. M. Smucker

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.