J. M. Smucker (NYSE:SJM) Price Target Raised to $125.00

J. M. Smucker (NYSE:SJM) had its price target lifted by Barclays from $105.00 to $125.00 in a research note released on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

SJM has been the subject of a number of other research reports. Citigroup reiterated a “hold” rating on shares of J. M. Smucker in a report on Wednesday, November 26th. UBS Group lowered their price target on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. JPMorgan Chase & Co. lifted their price objective on shares of J. M. Smucker from $121.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Bank of America upgraded shares of J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a research report on Monday, February 23rd. Finally, Wells Fargo & Company raised their target price on shares of J. M. Smucker from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Eight investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and a consensus price target of $119.43.

J. M. Smucker Price Performance

SJM stock opened at $114.75 on Monday. J. M. Smucker has a 52 week low of $93.30 and a 52 week high of $121.48. The firm has a market capitalization of $12.24 billion, a P/E ratio of -9.73, a price-to-earnings-growth ratio of 4.68 and a beta of 0.22. The company has a fifty day simple moving average of $105.01 and a two-hundred day simple moving average of $105.43. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.11. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.61 EPS. Analysts anticipate that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a yield of 3.8%. J. M. Smucker’s dividend payout ratio (DPR) is presently -37.32%.

Hedge Funds Weigh In On J. M. Smucker

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of J. M. Smucker by 10.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,440 shares of the company’s stock worth $2,286,000 after purchasing an additional 1,763 shares during the period. United Services Automobile Association purchased a new stake in J. M. Smucker during the first quarter worth $253,000. Empowered Funds LLC boosted its position in J. M. Smucker by 28.6% during the 1st quarter. Empowered Funds LLC now owns 12,992 shares of the company’s stock valued at $1,538,000 after acquiring an additional 2,889 shares in the last quarter. Woodline Partners LP increased its holdings in shares of J. M. Smucker by 40.7% in the 1st quarter. Woodline Partners LP now owns 8,990 shares of the company’s stock valued at $1,065,000 after acquiring an additional 2,600 shares during the period. Finally, AlphaQuest LLC bought a new position in shares of J. M. Smucker in the 2nd quarter worth $26,000. Institutional investors own 81.66% of the company’s stock.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.