J. M. Smucker (NYSE:SJM) Price Target Lowered to $119.00 at Barclays

J. M. Smucker (NYSE:SJM) had its price objective dropped by Barclays from $123.00 to $119.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 6.40% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company upped their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $126.13.

J. M. Smucker Stock Up 2.5 %

Shares of NYSE SJM opened at $111.84 on Monday. J. M. Smucker has a 52 week low of $98.77 and a 52 week high of $127.59. The stock’s fifty day moving average is $106.19 and its 200 day moving average is $113.11. 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 has a market capitalization of $11.90 billion, a P/E ratio of 22.59, a PEG ratio of 3.91 and a beta of 0.27.

J. M. Smucker (NYSE:SJM) last released its earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. Sell-side analysts forecast that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Tucker H. Marshall sold 994 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the sale, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. The trade was a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SJM. Norges Bank bought a new stake in J. M. Smucker in the fourth quarter valued at approximately $112,978,000. FMR LLC increased its position in shares of J. M. Smucker by 40.0% during the third quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after buying an additional 958,142 shares during the period. LSV Asset Management raised its stake in J. M. Smucker by 3,599.5% during the fourth quarter. LSV Asset Management now owns 929,400 shares of the company’s stock worth $102,346,000 after buying an additional 904,278 shares during the last quarter. State Street Corp lifted its holdings in J. M. Smucker by 12.0% in the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after buying an additional 762,746 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in J. M. Smucker by 891.3% during the third quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock valued at $70,226,000 after acquiring an additional 521,404 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

About J. M. Smucker

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.