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

The J. M. Smucker Company (NYSE:SJM) has been given an average rating of “Hold” by the ten ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $126.78.

Several research analysts recently issued reports on SJM shares. Wells Fargo & Company lifted their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. 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 report on Wednesday, December 4th. Stifel Nicolaus reduced their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price target for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th.

J. M. Smucker Price Performance

Shares of SJM opened at $107.37 on Friday. The business’s fifty day moving average is $106.33 and its 200 day moving average is $113.54. J. M. Smucker has a 12-month low of $98.77 and a 12-month high of $127.59. 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 stock has a market cap of $11.43 billion, a P/E ratio of 21.74, a P/E/G ratio of 3.23 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm earned $2.59 earnings per share. Sell-side analysts anticipate that J. M. Smucker will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $1.08 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 4.02%. J. M. Smucker’s payout ratio is presently 87.45%.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction that occurred on Tuesday, December 17th. The shares were 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 directly owns 18,734 shares in the company, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On J. M. Smucker

Hedge funds have recently made changes to their positions in the stock. Forum Financial Management LP grew its holdings in J. M. Smucker by 44.9% during the 4th quarter. Forum Financial Management LP now owns 2,997 shares of the company’s stock valued at $330,000 after buying an additional 928 shares in the last quarter. Toronto Dominion Bank boosted its holdings in J. M. Smucker by 27.3% in the 4th quarter. Toronto Dominion Bank now owns 56,964 shares of the company’s stock valued at $6,273,000 after purchasing an additional 12,207 shares during the period. Neo Ivy Capital Management purchased a new position in shares of J. M. Smucker during the 4th quarter valued at $361,000. Fourth Dimension Wealth LLC bought a new position in shares of J. M. Smucker in the fourth quarter worth $91,000. Finally, Principal Street Partners LLC raised its position in shares of J. M. Smucker by 2.2% in the fourth quarter. Principal Street Partners LLC now owns 41,421 shares of the company’s stock worth $4,561,000 after buying an additional 885 shares in the last quarter. 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.