J.M. Smucker Company (The) (NYSE:SJM) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $134.30.

A number of analysts have recently commented on SJM shares. Citigroup Inc. dropped their price objective on J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, May 9th. Morgan Stanley downgraded J.M. Smucker Company (The) from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $132.00 to $126.00 in a report on Monday, April 10th. Hilliard Lyons upgraded J.M. Smucker Company (The) from a “neutral” rating to a “long” rating in a report on Tuesday. They noted that the move was a valuation call. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $132.00 price target (down from $135.00) on shares of J.M. Smucker Company (The) in a report on Tuesday, April 25th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $126.00 price target (down from $138.00) on shares of J.M. Smucker Company (The) in a report on Friday, May 19th.

J.M. Smucker Company (NYSE:SJM) traded up 0.38% during midday trading on Tuesday, reaching $114.84. The company’s stock had a trading volume of 726,396 shares. The stock has a market capitalization of $13.03 billion, a PE ratio of 22.52 and a beta of 0.62. The firm’s 50-day moving average price is $125.86 and its 200-day moving average price is $130.98. J.M. Smucker Company has a 52 week low of $114.31 and a 52 week high of $157.31.

J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings data on Thursday, June 8th. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.77 billion. J.M. Smucker Company (The) had a return on equity of 12.63% and a net margin of 8.01%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.19 EPS. On average, analysts anticipate that J.M. Smucker Company will post $7.96 earnings per share for the current year.

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In other J.M. Smucker Company (The) news, SVP Jill R. Penrose sold 550 shares of J.M. Smucker Company (The) stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $120.09, for a total transaction of $66,049.50. Following the completion of the sale, the senior vice president now owns 13,475 shares of the company’s stock, valued at approximately $1,618,212.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Barry C. Dunaway sold 9,433 shares of J.M. Smucker Company (The) stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $121.32, for a total transaction of $1,144,411.56. Following the sale, the insider now directly owns 40,966 shares of the company’s stock, valued at approximately $4,969,995.12. The disclosure for this sale can be found here. Insiders have sold 16,030 shares of company stock worth $1,948,195 in the last quarter. Company insiders own 3.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cleararc Capital Inc. raised its stake in shares of J.M. Smucker Company (The) by 0.4% in the first quarter. Cleararc Capital Inc. now owns 2,849 shares of the company’s stock valued at $373,000 after buying an additional 11 shares during the period. Schmidt P J Investment Management Inc. increased its position in shares of J.M. Smucker Company (The) by 0.5% in the first quarter. Schmidt P J Investment Management Inc. now owns 2,411 shares of the company’s stock worth $316,000 after buying an additional 13 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. increased its position in shares of J.M. Smucker Company (The) by 0.5% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 5,078 shares of the company’s stock worth $666,000 after buying an additional 26 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of J.M. Smucker Company (The) by 1.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,105 shares of the company’s stock worth $381,000 after buying an additional 37 shares in the last quarter. Finally, Cue Financial Group Inc. increased its position in shares of J.M. Smucker Company (The) by 1.0% in the first quarter. Cue Financial Group Inc. now owns 5,151 shares of the company’s stock worth $675,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 75.73% of the company’s stock.

J.M. Smucker Company (The) 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.

Analyst Recommendations for J.M. Smucker Company (The) (NYSE:SJM)

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