J. M. Smucker (NYSE:SJM) Downgraded by StockNews.com to Sell

StockNews.com cut shares of J. M. Smucker (NYSE:SJMFree Report) from a hold rating to a sell rating in a report released on Friday.

Other research analysts have also recently issued research reports about the company. Barclays boosted their price target on J. M. Smucker from $129.00 to $132.00 and gave the stock an equal weight rating in a research note on Thursday, February 29th. Morgan Stanley reiterated an equal weight rating and set a $122.00 target price on shares of J. M. Smucker in a research note on Wednesday, December 6th. Wells Fargo & Company started coverage on shares of J. M. Smucker in a research note on Tuesday, December 12th. They issued an overweight rating and a $140.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price objective on shares of J. M. Smucker from $125.00 to $126.00 and gave the company a hold rating in a research note on Wednesday, December 6th. Finally, DA Davidson assumed coverage on shares of J. M. Smucker in a research report on Friday, March 1st. They issued a neutral rating and a $132.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $137.20.

Read Our Latest Report on SJM

J. M. Smucker Stock Performance

Shares of NYSE:SJM opened at $122.07 on Friday. The business’s 50-day simple moving average is $126.98 and its 200 day simple moving average is $123.19. The company has a market cap of $12.96 billion, a P/E ratio of -138.32, a PEG ratio of 1.97 and a beta of 0.21. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.38 and a current ratio of 0.78. J. M. Smucker has a one year low of $107.33 and a one year high of $159.92.

J. M. Smucker (NYSE:SJMGet Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the firm earned $2.21 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, sell-side analysts forecast that J. M. Smucker will post 9.6 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $1.06 per share. The ex-dividend date was Thursday, February 15th. This represents a $4.24 dividend on an annualized basis and a yield of 3.47%. J. M. Smucker’s dividend payout ratio is currently -481.81%.

Institutional Investors Weigh In On J. M. Smucker

Large investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC grew its position in shares of J. M. Smucker by 300.0% during the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the last quarter. Advantage Trust Co bought a new position in J. M. Smucker in the 4th quarter worth about $25,000. West Tower Group LLC acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at approximately $25,000. Intrepid Capital Management Inc. bought a new stake in shares of J. M. Smucker during the second quarter valued at approximately $26,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of J. M. Smucker during the second quarter worth approximately $27,000. 79.08% of the stock is owned by institutional investors and hedge funds.

About J. M. Smucker

(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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