The J. M. Smucker Company (NYSE:SJM) Receives Consensus Rating of “Hold” from Brokerages

The J. M. Smucker Company (NYSE:SJM) has received an average rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $128.56.

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Bank of America lowered their price objective on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Stifel Nicolaus downgraded J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the company from $135.00 to $125.00 in a research report on Friday, October 25th. Citigroup lowered their price target on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Barclays cut their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Wednesday.

Institutional Investors Weigh In On J. M. Smucker

Several hedge funds have recently modified their holdings of the business. Cetera Investment Advisers grew its stake in J. M. Smucker by 62.0% in the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock valued at $3,043,000 after purchasing an additional 9,250 shares during the last quarter. Sound Income Strategies LLC lifted its position in J. M. Smucker by 51.5% during the second quarter. Sound Income Strategies LLC now owns 1,080 shares of the company’s stock valued at $118,000 after acquiring an additional 367 shares during the last quarter. Czech National Bank boosted its stake in J. M. Smucker by 8.3% in the second quarter. Czech National Bank now owns 20,232 shares of the company’s stock valued at $2,206,000 after acquiring an additional 1,556 shares in the last quarter. D.B. Root & Company LLC grew its holdings in J. M. Smucker by 5.8% in the second quarter. D.B. Root & Company LLC now owns 8,222 shares of the company’s stock worth $897,000 after purchasing an additional 449 shares during the last quarter. Finally, M&G Plc acquired a new position in shares of J. M. Smucker during the second quarter worth $603,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.2 %

SJM opened at $116.46 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $12.39 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 3.24 and a beta of 0.26. J. M. Smucker has a 52 week low of $105.69 and a 52 week high of $134.62. The firm has a 50-day simple moving average of $116.14 and a two-hundred day simple moving average of $115.74.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the business posted $2.59 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. Analysts forecast that J. M. Smucker will post 9.9 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Friday, November 15th. J. M. Smucker’s dividend payout ratio is 87.45%.

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.