Stifel Nicolaus Issues Pessimistic Forecast for J. M. Smucker (NYSE:SJM) Stock Price

J. M. Smucker (NYSE:SJM) had its price target dropped by stock analysts at Stifel Nicolaus from $125.00 to $120.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 15.78% from the company’s current price.

SJM has been the topic of a number of other research reports. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. Wells Fargo & Company raised 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 reduced 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, StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, J. M. Smucker presently has an average rating of “Hold” and an average price target of $126.78.

J. M. Smucker Stock Up 1.1 %

SJM stock opened at $103.65 on Friday. The stock has a market cap of $11.03 billion, a P/E ratio of 20.98, a PEG ratio of 3.12 and a beta of 0.28. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. J. M. Smucker has a twelve month low of $99.81 and a twelve month high of $134.62. The company’s 50 day moving average is $110.50 and its two-hundred day moving average is $115.18.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results 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 analyst estimates of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. J. M. Smucker’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the business earned $2.59 EPS. Research analysts expect that J. M. Smucker will post 9.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On J. M. Smucker

Institutional investors have recently made changes to their positions in the stock. Venturi Wealth Management LLC lifted its stake in shares of J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after purchasing an additional 226 shares during the period. Kieckhefer Group LLC acquired a new stake in shares of J. M. Smucker during the 4th quarter valued at approximately $33,000. Catalyst Capital Advisors LLC acquired a new stake in shares of J. M. Smucker during the 3rd quarter valued at approximately $39,000. Quarry LP boosted its stake in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after acquiring an additional 219 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of J. M. Smucker in the 3rd quarter worth approximately $40,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

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.