J. M. Smucker (NYSE:SJM) Stock Rating Lowered by StockNews.com

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

A number of other research firms also recently weighed in on SJM. Stifel Nicolaus dropped their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Barclays dropped their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. TD Cowen downgraded 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. Wells Fargo & Company lifted their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, DA Davidson decreased their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $126.00.

J. M. Smucker Trading Up 0.4 %

Shares of SJM stock opened at $109.78 on Thursday. The firm has a 50 day moving average price of $107.00 and a two-hundred day moving average price of $112.46. 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 $11.68 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. J. M. Smucker has a 12-month low of $98.77 and a 12-month high of $127.15.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. As a group, analysts predict that J. M. Smucker will post 9.88 earnings per share for the current year.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the sale, the chief financial officer now owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.40% of the company’s stock.

Institutional Trading of J. M. Smucker

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of J. M. Smucker by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company’s stock worth $1,469,544,000 after purchasing an additional 130,533 shares during the last quarter. State Street Corp grew its stake in shares of J. M. Smucker by 12.0% in the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock worth $861,145,000 after purchasing an additional 762,746 shares during the last quarter. FMR LLC grew its stake in shares of J. M. Smucker by 11.3% in the fourth quarter. FMR LLC now owns 3,734,305 shares of the company’s stock worth $411,222,000 after purchasing an additional 380,309 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of J. M. Smucker by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company’s stock worth $286,664,000 after purchasing an additional 58,231 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of J. M. Smucker by 21.0% in the fourth quarter. Invesco Ltd. now owns 2,415,023 shares of the company’s stock worth $265,942,000 after purchasing an additional 418,878 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

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.