Deutsche Bank reiterated their buy rating on shares of J.M. Smucker (NYSE:SJM) in a research report sent to investors on Wednesday morning, Analyst Ratings.Net reports. The firm currently has a $109.00 price target on the stock, down from their previous price target of $117.00.
Shares of J.M. Smucker (NYSE: SJM) traded down 0.23% during mid-day trading on Wednesday, hitting $110.47. J.M. Smucker has a one year low of $74.60 and a one year high of $110.85. The stock’s 50-day moving average is currently $103.. The company has a market cap of $11.708 billion and a P/E ratio of 22.14.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Wednesday, August 14th. This is a positive change from J.M. Smucker’s previous quarterly dividend of $0.52.
SJM has been the subject of a number of other recent research reports. Analysts at Gabelli upgraded shares of J.M. Smucker from a hold rating to a buy rating in a research note to investors on Friday, June 7th. Separately, analysts at Zacks reiterated a hold rating on shares of J.M. Smucker in a research note to investors on Friday, May 31st. They now have a $108.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of J.M. Smucker from $119.00 to $125.00 in a research note to investors on Friday, May 31st.
One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $105.43.
The J. M. Smucker Company operates principally in the manufacturing and marketing of branded food products on a worldwide basis.
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