J M Smucker Co (SJM) Receives Average Recommendation of “Hold” from Brokerages
Shares of J M Smucker Co (NYSE:SJM) have earned an average rating of “Hold” from the fifteen research firms that are currently covering the stock. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $133.89.
A number of brokerages have issued reports on SJM. Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Monday, February 27th. Jefferies Group LLC restated a “hold” rating and set a $130.00 target price (up previously from $125.00) on shares of J M Smucker in a research report on Thursday, February 23rd. Sanford C. Bernstein lowered shares of J M Smucker from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $147.00 to $130.00 in a research report on Tuesday, March 21st. Deutsche Bank AG began coverage on shares of J M Smucker in a research report on Wednesday, February 15th. They set a “hold” rating and a $145.00 target price on the stock. Finally, Morgan Stanley lowered shares of J M Smucker from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $132.00 to $126.00 in a report on Monday, April 10th.
Shares of J M Smucker (NYSE:SJM) traded up 0.520% during midday trading on Monday, hitting $126.665. The stock had a trading volume of 65,513 shares. J M Smucker has a 52-week low of $122.05 and a 52-week high of $157.31. The firm’s 50 day moving average price is $127.03 and its 200 day moving average price is $131.39. The firm has a market cap of $14.75 billion, a price-to-earnings ratio of 22.052 and a beta of 0.54.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Friday, May 12th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Wednesday, May 10th. J M Smucker’s dividend payout ratio (DPR) is 48.86%.
In other news, Director Jay L. Henderson purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were purchased at an average price of $139.87 per share, with a total value of $419,610.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $419,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Bank of Nova Scotia increased its stake in J M Smucker by 2,819.9% in the first quarter. Bank of Nova Scotia now owns 76,619 shares of the company’s stock valued at $10,044,000 after buying an additional 73,995 shares during the last quarter. Lowe Brockenbrough & Co. Inc. increased its stake in J M Smucker by 6.7% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 21,600 shares of the company’s stock valued at $2,831,000 after buying an additional 1,355 shares during the last quarter. Greenwood Gearhart Inc. increased its stake in J M Smucker by 5.9% in the first quarter. Greenwood Gearhart Inc. now owns 41,768 shares of the company’s stock valued at $5,475,000 after buying an additional 2,313 shares during the last quarter. First Financial Equity Corporation bought a new stake in J M Smucker during the first quarter valued at $265,000. Finally, Cypress Wealth Advisors LLC increased its stake in J M Smucker by 2.7% in the first quarter. Cypress Wealth Advisors LLC now owns 2,117 shares of the company’s stock valued at $277,000 after buying an additional 55 shares during the last quarter. 75.27% of the stock is owned by institutional investors.
J M Smucker Company Profile
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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