J. M. Smucker (NYSE:SJM) Price Target Cut to $119.00 by Analysts at Barclays

J. M. Smucker (NYSE:SJM) had its price target reduced by Barclays from $123.00 to $119.00 in a research note published on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages also recently weighed in on SJM. Stifel Nicolaus lowered their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. TD Cowen downgraded J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $126.13.

J. M. Smucker Price Performance

Shares of NYSE SJM opened at $112.14 on Monday. J. M. Smucker has a twelve month low of $98.77 and a twelve month high of $127.59. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 3.91 and a beta of 0.27. The business has a 50 day simple moving average of $106.21 and a 200-day simple moving average of $113.06.

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

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $1.08 per share. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.85%. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction 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. The trade was a 5.04 % decrease in their position. The sale 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 insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SJM. Nisa Investment Advisors LLC boosted its position in J. M. Smucker by 2.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,070 shares of the company’s stock worth $735,000 after acquiring an additional 134 shares during the period. US Bancorp DE lifted its holdings in shares of J. M. Smucker by 1.4% in the third quarter. US Bancorp DE now owns 41,171 shares of the company’s stock valued at $4,986,000 after buying an additional 559 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of J. M. Smucker by 28.2% in the third quarter. Farther Finance Advisors LLC now owns 2,046 shares of the company’s stock valued at $248,000 after buying an additional 450 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of J. M. Smucker by 10.7% in the third quarter. Janney Montgomery Scott LLC now owns 124,280 shares of the company’s stock valued at $15,050,000 after buying an additional 12,008 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of J. M. Smucker by 5.7% in the third quarter. Van ECK Associates Corp now owns 4,718 shares of the company’s stock valued at $555,000 after buying an additional 255 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

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.