J. M. Smucker (NYSE:SJM) Downgraded by Wall Street Zen to Hold

J. M. Smucker (NYSE:SJM) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

SJM has been the subject of several other reports. BNP Paribas Exane set a $125.00 price objective on shares of J. M. Smucker in a research note on Thursday, April 9th. Bank of America raised their target price on J. M. Smucker from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Barclays boosted their price target on J. M. Smucker from $103.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, June 11th. Royal Bank Of Canada upped their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, Morgan Stanley upped their price target on J. M. Smucker from $106.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 10th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus target price of $121.67.

J. M. Smucker Price Performance

SJM opened at $118.31 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.78 and a quick ratio of 0.33. The stock’s 50 day simple moving average is $109.88 and its 200 day simple moving average is $104.71. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of -91.01, a PEG ratio of 1.62 and a beta of 0.26. J. M. Smucker has a 1 year low of $88.25 and a 1 year high of $119.39.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.13. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.31 earnings per share. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. As a group, analysts predict that J. M. Smucker will post 9.95 earnings per share for the current year.

Insider Activity at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 5,550 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $116.29, for a total value of $645,409.50. Following the completion of the transaction, the insider directly owned 16,039 shares of the company’s stock, valued at $1,865,175.31. This represents a 25.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jill R. Penrose sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $116.69, for a total transaction of $583,450.00. Following the completion of the sale, the insider owned 15,795 shares of the company’s stock, valued at $1,843,118.55. This trade represents a 24.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,533 shares of company stock worth $2,132,914 over the last 90 days. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On J. M. Smucker

Hedge funds have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC bought a new position in J. M. Smucker in the fourth quarter worth $25,000. CYBER HORNET ETFs LLC purchased a new position in J. M. Smucker during the second quarter valued at $27,000. Fideuram Asset Management Ireland dac bought a new stake in shares of J. M. Smucker during the 4th quarter valued at $32,000. MCF Advisors LLC boosted its holdings in shares of J. M. Smucker by 68.1% during the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after buying an additional 126 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of J. M. Smucker in the 2nd quarter worth about $31,000. 81.66% of the stock is currently owned by institutional investors.

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.