J. M. Smucker (NYSE:SJM) Downgraded to “Sell” at StockNews.com

J. M. Smucker (NYSE:SJM) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

SJM has been the topic of a number of other research reports. DA Davidson lowered their price objective on J. M. Smucker from $132.00 to $126.00 and set a “neutral” rating on the stock in a research note on Monday, June 10th. TD Cowen decreased their price target on 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. Argus cut their price objective on shares of J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, June 13th. Barclays decreased their target price on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating on the stock in a report on Monday, June 10th. Finally, Citigroup upped their price target on shares of J. M. Smucker from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to MarketBeat, J. M. Smucker currently has an average rating of “Hold” and an average target price of $132.64.

J. M. Smucker Stock Performance

SJM opened at $109.03 on Thursday. 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 market capitalization of $11.58 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.18 and a beta of 0.25. The business has a fifty day simple moving average of $111.98 and a 200 day simple moving average of $119.97. 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 released its quarterly earnings results on Thursday, June 6th. The company reported $2.66 EPS 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 period in the prior year, the company posted $2.64 earnings per share. J. M. Smucker’s revenue was down 1.3% compared to the same quarter last year. Research analysts expect that J. M. Smucker will post 10.06 EPS for the current year.

Insider Buying and Selling 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 transaction of $1,101,600.00. Following the sale, the chief executive officer now directly owns 78,757 shares in the company, valued at approximately $8,675,871.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Partners bought a new position in shares of J. M. Smucker during the first quarter worth about $364,990,000. Norges Bank acquired a new position in shares of J. M. Smucker in the 4th quarter worth approximately $157,077,000. Ameriprise Financial Inc. boosted its stake in shares of J. M. Smucker by 487.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company’s stock valued at $178,961,000 after purchasing an additional 1,210,837 shares during the last quarter. Nordea Investment Management AB increased its position in shares of J. M. Smucker by 363.8% during the fourth quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company’s stock worth $160,258,000 after buying an additional 999,315 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in J. M. Smucker by 21,858.1% during the fourth quarter. Point72 Asset Management L.P. now owns 680,700 shares of the company’s stock worth $86,027,000 after buying an additional 677,600 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

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.