J M Smucker Co (NYSE:SJM) – William Blair reduced their FY2020 EPS estimates for shares of J M Smucker in a note issued to investors on Wednesday, November 28th. William Blair analyst J. Andersen now expects that the company will earn $8.50 per share for the year, down from their prior estimate of $9.00.
Several other research analysts have also commented on SJM. Credit Suisse Group upgraded shares of J M Smucker to a “hold” rating and set a $94.00 price objective for the company in a report on Thursday. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. ValuEngine lowered shares of J M Smucker from a “hold” rating to a “sell” rating in a report on Wednesday. Morgan Stanley decreased their price objective on shares of J M Smucker from $100.00 to $98.00 and set an “underweight” rating for the company in a report on Thursday. Finally, Jefferies Financial Group set a $125.00 price objective on shares of J M Smucker and gave the stock a “buy” rating in a report on Wednesday. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $119.17.
Shares of NYSE SJM opened at $103.44 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 0.51. J M Smucker has a 12 month low of $96.13 and a 12 month high of $133.38. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 1.96 and a beta of 0.35.
J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Wednesday, November 28th. The company reported $2.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.12). J M Smucker had a return on equity of 12.03% and a net margin of 17.59%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the company posted $2.02 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 16th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.40 annualized dividend and a dividend yield of 3.29%. J M Smucker’s payout ratio is 42.71%.
In related news, SVP Jeannette L. Knudsen sold 1,500 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $110.74, for a total value of $166,110.00. Following the completion of the transaction, the senior vice president now directly owns 26,224 shares in the company, valued at approximately $2,904,045.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.92% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Honkamp Krueger Financial Services Inc. purchased a new stake in J M Smucker during the 3rd quarter valued at about $103,000. CSat Investment Advisory L.P. purchased a new stake in J M Smucker during the 2nd quarter valued at about $122,000. Truvestments Capital LLC purchased a new stake in J M Smucker during the 3rd quarter valued at about $154,000. CWM LLC grew its position in J M Smucker by 347.5% during the 3rd quarter. CWM LLC now owns 1,763 shares of the company’s stock valued at $181,000 after purchasing an additional 1,369 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in J M Smucker during the 2nd quarter valued at about $194,000. Institutional investors own 79.95% of the company’s stock.
About J M Smucker
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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