TD Cowen Lowers J. M. Smucker (NYSE:SJM) Price Target to $132.00

J. M. Smucker (NYSE:SJM) had its target price decreased by analysts at TD Cowen from $135.00 to $132.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 16.68% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Thursday. Bank of America cut their price target on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Thursday. Wells Fargo & Company dropped their target price on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday. Citigroup reduced their price target on shares of J. M. Smucker from $139.00 to $138.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Finally, Barclays dropped 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 note on Monday, June 10th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and an average target price of $129.50.

J. M. Smucker Price Performance

Shares of NYSE SJM traded down $1.60 during mid-day trading on Thursday, hitting $113.13. 577,632 shares of the company’s stock traded hands, compared to its average volume of 1,229,024. 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 $146.29. The company’s 50-day moving average is $115.84 and its two-hundred day moving average is $116.82. The company has a market capitalization of $12.01 billion, a P/E ratio of 15.88, a PEG ratio of 2.42 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.26. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the company earned $2.21 earnings per share. J. M. Smucker’s revenue was up 17.7% on a year-over-year basis. On average, equities analysts anticipate that J. M. Smucker will post 10.05 EPS for the current fiscal year.

Insider Activity at J. M. Smucker

In other news, CEO Mark T. Smucker sold 10,000 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was 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 of the company’s stock, valued at approximately $8,675,871.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its stake in shares of J. M. Smucker by 298.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 20,270 shares of the company’s stock worth $2,562,000 after purchasing an additional 15,182 shares during the period. California State Teachers Retirement System boosted its holdings 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 buying an additional 8,960 shares in the last quarter. Vanguard Group Inc. grew its position in J. M. Smucker by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock valued at $1,702,515,000 after buying an additional 518,433 shares during the period. AMF Tjanstepension AB purchased a new position in J. M. Smucker in the first quarter valued at $23,990,000. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of J. M. Smucker in the fourth quarter worth about $14,198,000. 81.66% of the stock is owned by institutional investors and hedge funds.

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.