J.M. Smucker Company (The) (NYSE:SJM) has been given a $106.00 price target by equities researchers at Morgan Stanley in a report issued on Friday. The firm currently has a “sell” rating on the stock. Morgan Stanley’s price objective points to a potential downside of 0.01% from the company’s previous close.

A number of other research firms have also weighed in on SJM. BidaskClub raised shares of J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Jefferies Group LLC raised shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and raised their price objective for the company from $130.00 to $140.00 in a research note on Friday, July 28th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $135.00 price objective (down from $137.00) on shares of J.M. Smucker Company (The) in a research note on Wednesday, June 28th. Susquehanna Bancshares Inc set a $131.00 price target on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a research report on Wednesday, August 23rd. Finally, Credit Suisse Group reissued 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. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. J.M. Smucker Company (The) presently has a consensus rating of “Hold” and a consensus target price of $126.55.

J.M. Smucker Company (SJM) traded up 0.12% during trading on Friday, hitting $106.14. 614,710 shares of the stock were exchanged. The stock has a 50 day moving average price of $105.99 and a 200-day moving average price of $119.71. The firm has a market capitalization of $12.06 billion, a PE ratio of 22.29 and a beta of 0.62. J.M. Smucker Company has a 12-month low of $102.73 and a 12-month high of $143.68.

J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings data on Thursday, August 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.10). J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the business posted $1.86 earnings per share. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts anticipate that J.M. Smucker Company will post $7.70 earnings per share for the current fiscal year.

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In related news, Director Gary A. Oatey acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average price of $107.30 per share, for a total transaction of $107,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard K. Smucker acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $105.40 per share, with a total value of $1,054,000.00. Following the acquisition, the insider now directly owns 652,168 shares of the company’s stock, valued at approximately $68,738,507.20. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Eqis Capital Management Inc. increased its holdings in J.M. Smucker Company (The) by 78.3% during the third quarter. Eqis Capital Management Inc. now owns 15,968 shares of the company’s stock worth $1,675,000 after buying an additional 7,010 shares during the last quarter. Curbstone Financial Management Corp increased its holdings in J.M. Smucker Company (The) by 115.5% during the third quarter. Curbstone Financial Management Corp now owns 13,450 shares of the company’s stock worth $1,411,000 after buying an additional 7,210 shares during the last quarter. Intl Fcstone Inc. purchased a new stake in J.M. Smucker Company (The) during the second quarter worth about $1,206,000. Griffin Asset Management Inc. purchased a new stake in J.M. Smucker Company (The) during the second quarter worth about $937,000. Finally, Hall Laurie J Trustee increased its holdings in J.M. Smucker Company (The) by 63.6% during the second quarter. Hall Laurie J Trustee now owns 4,864 shares of the company’s stock worth $576,000 after buying an additional 1,890 shares during the last quarter. Institutional investors and hedge funds own 73.37% 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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