J. M. Smucker (NYSE:SJM) Stock Rating Lowered by TD Cowen

J. M. Smucker (NYSE:SJM) was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating in a research report issued on Wednesday, MarketBeat Ratings reports. They currently have a $121.00 target price on the stock, down from their prior target price of $130.00. TD Cowen’s price target would indicate a potential upside of 14.84% from the company’s current price.

Other research analysts have also recently issued research reports about the company. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Wells Fargo & Company upped their target price on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Barclays lowered their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $127.33.

J. M. Smucker Trading Down 2.0 %

NYSE SJM opened at $105.36 on Wednesday. The stock’s 50-day simple moving average is $112.88 and its two-hundred day simple moving average is $115.70. J. M. Smucker has a twelve month low of $104.27 and a twelve month high of $134.62. 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 $11.21 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 3.46 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.51 by $0.25. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.59 earnings per share. Research analysts forecast that J. M. Smucker will post 9.89 EPS for the current fiscal year.

Insider Activity

In related news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares in the company, valued at approximately $2,116,942. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.40% of the company’s stock.

Institutional Trading of J. M. Smucker

A number of large investors have recently made changes to their positions in the stock. Studio Investment Management LLC bought a new stake in J. M. Smucker in the 2nd quarter worth approximately $26,000. Venturi Wealth Management LLC boosted its stake in shares of J. M. Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after buying an additional 226 shares during the last quarter. Quarry LP grew its holdings in shares of J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after acquiring an additional 219 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in J. M. Smucker during the third quarter valued at $39,000. Finally, Eastern Bank bought a new position in J. M. Smucker in the third quarter valued at about $40,000. 81.66% of the stock is currently owned by institutional investors.

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.