J M Smucker Co (SJM) Given Consensus Recommendation of “Hold” by Brokerages

J M Smucker Co (NYSE:SJM) has earned an average recommendation of “Hold” from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $127.83.

Several equities analysts have weighed in on the company. Susquehanna Bancshares restated a “buy” rating and set a $151.00 target price on shares of J M Smucker in a report on Friday. Wells Fargo & Co set a $128.00 price target on J M Smucker and gave the company a “hold” rating in a research report on Thursday, January 4th. Credit Suisse Group set a $120.00 price target on J M Smucker and gave the company a “hold” rating in a research report on Wednesday, January 10th. Stifel Nicolaus raised their price target on J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Finally, Goldman Sachs Group reaffirmed a “sell” rating on shares of J M Smucker in a research report on Wednesday, October 4th.

In related news, insider David J. Lemmon sold 1,205 shares of J M Smucker stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeannette L. Knudsen sold 1,600 shares of J M Smucker stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the sale, the senior vice president now directly owns 23,452 shares in the company, valued at $2,916,490.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,610 shares of company stock worth $698,093. 3.50% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Koch Industries Inc. acquired a new stake in J M Smucker during the second quarter worth about $495,000. Shell Asset Management Co. grew its position in J M Smucker by 828.6% during the third quarter. Shell Asset Management Co. now owns 103,685 shares of the company’s stock worth $10,264,000 after buying an additional 92,519 shares in the last quarter. Moors & Cabot Inc. grew its position in J M Smucker by 43.8% during the second quarter. Moors & Cabot Inc. now owns 10,641 shares of the company’s stock worth $1,268,000 after buying an additional 3,239 shares in the last quarter. PVG Asset Management Corp grew its position in J M Smucker by 107.0% during the second quarter. PVG Asset Management Corp now owns 65,330 shares of the company’s stock worth $7,730,000 after buying an additional 33,777 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in J M Smucker during the third quarter worth about $201,000. 75.32% of the stock is currently owned by institutional investors and hedge funds.

J M Smucker (SJM) traded up $1.51 during midday trading on Friday, reaching $131.06. The company’s stock had a trading volume of 839,376 shares, compared to its average volume of 901,902. J M Smucker has a one year low of $99.57 and a one year high of $143.68. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $14,890.00, a price-to-earnings ratio of 26.53, a P/E/G ratio of 2.22 and a beta of 0.66.

J M Smucker (NYSE:SJM) last posted its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the company earned $2.05 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. analysts forecast that J M Smucker will post 7.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, February 8th. J M Smucker’s dividend payout ratio is currently 63.16%.

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About J M Smucker

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 (NYSE:SJM)

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