J. M. Smucker (NYSE:SJM) Given New $105.00 Price Target at Barclays

J. M. Smucker (NYSE:SJMFree Report) had its target price cut by Barclays from $119.00 to $105.00 in a report issued on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

SJM has been the topic of several other reports. Bank of America lowered their target price on J. M. Smucker from $118.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday. Stifel Nicolaus set a $120.00 price target on shares of J. M. Smucker in a research note on Tuesday. DA Davidson lowered their target price on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Wells Fargo & Company decreased their price target on shares of J. M. Smucker from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, UBS Group lowered their price objective on J. M. Smucker from $134.00 to $129.00 and set a “buy” rating for the company in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $117.55.

Read Our Latest Stock Analysis on J. M. Smucker

J. M. Smucker Trading Up 1.6%

Shares of SJM stock opened at $95.88 on Wednesday. J. M. Smucker has a fifty-two week low of $93.93 and a fifty-two week high of $125.42. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The stock’s fifty day moving average is $112.89 and its two-hundred day moving average is $110.99. The firm has a market capitalization of $10.20 billion, a P/E ratio of 19.41, a PEG ratio of 3.91 and a beta of 0.35.

J. M. Smucker (NYSE:SJMGet Free Report) last issued its earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.06. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.18 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.66 earnings per share. Research analysts expect that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.51%. The ex-dividend date was Friday, May 16th. J. M. Smucker’s dividend payout ratio (DPR) is presently -179.25%.

Insider Buying and Selling at J. M. Smucker

In other news, insider Jill R. Penrose sold 5,117 shares of the 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 completion of the transaction, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. This trade represents a 36.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Institutional Trading of J. M. Smucker

A number of institutional investors have recently bought and sold shares of the company. Tortoise Investment Management LLC raised its position in shares of J. M. Smucker by 87.0% during the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after buying an additional 151 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in J. M. Smucker in the fourth quarter valued at approximately $27,000. Kentucky Trust Co purchased a new position in shares of J. M. Smucker in the 4th quarter worth $28,000. Finally, Minot DeBlois Advisors LLC acquired a new position in shares of J. M. Smucker in the 4th quarter valued at about $28,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Company Profile

(Get Free Report)

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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Analyst Recommendations for J. M. Smucker (NYSE:SJM)

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