J. M. Smucker (NYSE:SJM – Get Free Report) had its price target reduced by investment analysts at UBS Group from $134.00 to $129.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 16.62% from the stock’s previous close.
Several other equities research analysts have also commented on SJM. Morgan Stanley began coverage on shares of J. M. Smucker in a research note on Monday, March 24th. They set an “overweight” rating and a $123.00 price target on the stock. Citigroup cut their price target on shares of J. M. Smucker from $129.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, May 19th. Jefferies Financial Group reiterated a “hold” rating on shares of J. M. Smucker in a research note on Wednesday, May 28th. DA Davidson cut their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Finally, Wall Street Zen upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and an average price target of $125.30.
Check Out Our Latest Research Report on SJM
J. M. Smucker Price Performance
Insider Buying and Selling
In other news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the sale, the insider now owns 8,794 shares of the company’s stock, valued at $1,022,390.44. The trade was a 36.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the sale, the chief financial officer now directly owns 13,263 shares in the company, valued at approximately $1,503,493.68. The trade was a 27.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.
Institutional Trading of J. M. Smucker
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tortoise Investment Management LLC boosted its holdings in shares of J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after buying an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in J. M. Smucker during the fourth quarter worth about $27,000. Kentucky Trust Co purchased a new stake in J. M. Smucker during the fourth quarter worth about $28,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in J. M. Smucker during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 81.66% 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 three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.
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