J. M. Smucker (NYSE:SJM) Given New $121.00 Price Target at UBS Group

J. M. Smucker (NYSE:SJM) had its price target cut by stock analysts at UBS Group from $132.00 to $121.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 21.36% from the stock’s current price.

A number of other research firms have also weighed in on SJM. TD Cowen decreased their target price on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating on the stock in a report on Thursday, March 19th. Wall Street Zen lowered J. M. Smucker from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Sanford C. Bernstein decreased their target price on J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $95.00 target price on shares of J. M. Smucker in a report on Wednesday, May 20th. Finally, Stifel Nicolaus decreased their target price on J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $116.59.

J. M. Smucker Stock Performance

Shares of SJM stock traded down $3.50 during trading on Tuesday, reaching $99.70. 1,489,055 shares of the company’s stock were exchanged, compared to its average volume of 1,747,558. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $10.63 billion, a PE ratio of -8.58, a PEG ratio of 6.97 and a beta of 0.25. J. M. Smucker has a twelve month low of $88.25 and a twelve month high of $119.39. The firm’s fifty day moving average price is $97.57 and its 200-day moving average price is $101.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA grew its holdings in J. M. Smucker by 2.3% in the 1st quarter. Glenmede Trust Co. NA now owns 5,811 shares of the company’s stock valued at $560,000 after buying an additional 132 shares in the last quarter. Summitry LLC acquired a new stake in shares of J. M. Smucker during the 1st quarter worth $248,000. Wellington Grp LLC grew its holdings in shares of J. M. Smucker by 88.3% during the 1st quarter. Wellington Grp LLC now owns 4,294 shares of the company’s stock worth $414,000 after purchasing an additional 2,014 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of J. M. Smucker during the 1st quarter worth $99,000. Finally, NewEdge Advisors LLC grew its holdings in shares of J. M. Smucker by 0.7% during the 1st quarter. NewEdge Advisors LLC now owns 537,145 shares of the company’s stock worth $51,802,000 after purchasing an additional 3,711 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

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.