The J. M. Smucker Company (NYSE:SJM) Receives $116.59 Average PT from Analysts

Shares of The J. M. Smucker Company (NYSE:SJM) have been given a consensus recommendation of “Hold” by the twenty-one analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $116.3529.

SJM has been the subject of a number of recent research reports. Wall Street Zen downgraded J. M. Smucker from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Sanford C. Bernstein decreased their price objective on J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $95.00 price objective on shares of J. M. Smucker in a report on Wednesday. Barclays decreased their target price on shares of J. M. Smucker from $125.00 to $103.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Finally, Evercore initiated coverage on shares of J. M. Smucker in a research report on Friday, May 15th. They set an “outperform” rating and a $117.00 target price for the company.

Institutional Trading of J. M. Smucker

A number of large investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC grew its stake in shares of J. M. Smucker by 150.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 57,999 shares of the company’s stock valued at $6,299,000 after buying an additional 34,800 shares during the period. ProShare Advisors LLC grew its stake in shares of J. M. Smucker by 13.8% in the 3rd quarter. ProShare Advisors LLC now owns 1,562,259 shares of the company’s stock valued at $169,661,000 after buying an additional 188,868 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of J. M. Smucker in the 3rd quarter valued at about $9,444,000. Neo Ivy Capital Management acquired a new stake in shares of J. M. Smucker in the 3rd quarter valued at about $997,000. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at about $1,406,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $101.95 on Friday. The business has a 50 day moving average of $97.74 and a 200-day moving average of $102.06. J. M. Smucker has a 1 year low of $88.25 and a 1 year high of $119.39. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.35. The company has a market capitalization of $10.87 billion, a P/E ratio of -8.65, a P/E/G ratio of 4.80 and a beta of 0.25.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data 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. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the firm posted $2.61 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts predict that J. M. Smucker will post 9.04 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, May 15th. J. M. Smucker’s dividend payout ratio (DPR) is presently -37.32%.

J. M. Smucker Company Profile

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.