The J. M. Smucker Company (NYSE:SJM) Receives $132.64 Consensus PT from Brokerages

Shares of The J. M. Smucker Company (NYSE:SJM) have earned a consensus rating of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $132.64.

SJM has been the topic of a number of recent analyst reports. Argus decreased their target price 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. DA Davidson decreased 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 report on Monday, June 10th. TD Cowen dropped their target price on shares of J. M. Smucker from $140.00 to $135.00 and set a “buy” rating for the company in a report on Friday, June 7th. Barclays decreased their price target on 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. Finally, StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday.

Insider Transactions at J. M. Smucker

In related news, CEO Mark T. Smucker sold 10,000 shares of J. M. Smucker stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $110.16, for a total value of $1,101,600.00. Following the completion of the transaction, the chief executive officer now owns 78,757 shares in the company, valued at $8,675,871.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On J. M. Smucker

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in J. M. Smucker by 298.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 20,270 shares of the company’s stock valued at $2,562,000 after buying an additional 15,182 shares in the last quarter. Citigroup Inc. raised its position in shares of J. M. Smucker by 15.1% during the 3rd quarter. Citigroup Inc. now owns 277,459 shares of the company’s stock worth $34,103,000 after acquiring an additional 36,296 shares in the last quarter. California State Teachers Retirement System lifted its stake in J. M. Smucker by 5.5% during the fourth quarter. California State Teachers Retirement System now owns 170,552 shares of the company’s stock worth $21,554,000 after purchasing an additional 8,960 shares during the last quarter. Ardevora Asset Management LLP acquired a new position in J. M. Smucker in the fourth quarter valued at approximately $11,147,000. Finally, Vanguard Group Inc. increased its stake in J. M. Smucker by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock valued at $1,702,515,000 after purchasing an additional 518,433 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Up 2.8 %

Shares of NYSE SJM opened at $116.38 on Thursday. The company has a market capitalization of $12.36 billion, a P/E ratio of 16.35, a P/E/G ratio of 2.26 and a beta of 0.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.25. The company has a 50 day simple moving average of $111.54 and a 200-day simple moving average of $119.19. J. M. Smucker has a 1 year low of $105.69 and a 1 year high of $153.94.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Thursday, June 6th. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.34. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the firm earned $2.64 earnings per share. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts predict that J. M. Smucker will post 10.06 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be given a $1.08 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.71%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s dividend payout ratio (DPR) is currently 59.55%.

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.