J.M. Smucker Company (The) (NYSE:SJM) was upgraded by research analysts at Hilliard Lyons from a “neutral” rating to a “long-term buy” rating in a note issued to investors on Tuesday, MarketBeat.com reports. The analysts noted that the move was a valuation call.

Several other research firms have also issued reports on SJM. J P Morgan Chase & Co restated an “overweight” rating and set a $135.00 price target (down from $137.00) on shares of J.M. Smucker Company (The) in a research report on Wednesday, June 28th. Credit Suisse Group restated a “neutral” rating and set a $120.00 price target (down from $126.00) on shares of J.M. Smucker Company (The) in a research report on Monday, July 3rd. They noted that the move was a valuation call. Jefferies Group LLC restated a “hold” rating and set a $130.00 price target on shares of J.M. Smucker Company (The) in a research report on Wednesday, April 26th. Susquehanna Bancshares Inc set a $141.00 price target on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a research report on Wednesday, June 7th. Finally, Citigroup Inc. cut their price target on shares of J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, May 9th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. J.M. Smucker Company (The) currently has a consensus rating of “Hold” and a consensus price target of $134.30.

J.M. Smucker Company (NYSE:SJM) traded up 0.2894% during midday trading on Tuesday, hitting $114.7411. The company had a trading volume of 797,961 shares. The firm’s 50 day moving average is $125.86 and its 200-day moving average is $130.98. The firm has a market capitalization of $13.02 billion, a P/E ratio of 22.4983 and a beta of 0.62. 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 earnings results on Thursday, June 8th. The company reported $1.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.08. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations 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 firm’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 earnings per share. On average, equities research analysts expect that J.M. Smucker Company will post $7.96 EPS for the current fiscal year.

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In other news, insider Steven Oakland sold 6,047 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $122.00, for a total transaction of $737,734.00. Following the completion of the sale, the insider now directly owns 47,667 shares in the company, valued at $5,815,374. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Barry C. Dunaway sold 9,433 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $121.32, for a total transaction of $1,144,411.56. Following the sale, the insider now owns 40,966 shares of the company’s stock, valued at $4,969,995.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,030 shares of company stock valued at $1,948,195. 3.50% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Harbour Capital Advisors LLC purchased a new stake in J.M. Smucker Company (The) during the first quarter worth $126,000. Fenimore Asset Management Inc. purchased a new stake in J.M. Smucker Company (The) during the first quarter worth $200,000. Schnieders Capital Management LLC purchased a new stake in J.M. Smucker Company (The) during the first quarter worth $217,000. Advisory Services Network LLC purchased a new stake in J.M. Smucker Company (The) during the first quarter worth $221,000. Finally, HPM Partners LLC purchased a new stake in J.M. Smucker Company (The) during the first quarter worth $229,000. Institutional investors 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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