J. M. Smucker (NYSE:SJM) Rating Lowered to “Hold” at Wall Street Zen

J. M. Smucker (NYSE:SJM) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

SJM has been the topic of a number of other reports. Stifel Nicolaus dropped their target price on shares of J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, April 21st. Royal Bank Of Canada boosted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Sanford C. Bernstein restated an “outperform” rating and issued a $137.00 price objective on shares of J. M. Smucker in a research note on Wednesday, June 10th. UBS Group raised their price objective on J. M. Smucker from $121.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, Bank of America lifted their target price on J. M. Smucker from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $121.67.

J. M. Smucker Price Performance

SJM stock opened at $118.31 on Friday. The business has a 50 day moving average price of $109.88 and a 200 day moving average price of $104.78. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of -91.01, a PEG ratio of 1.65 and a beta of 0.26. J. M. Smucker has a fifty-two week low of $88.25 and a fifty-two week high of $119.39. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.15.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.13. J. M. Smucker had a positive return on equity of 17.18% and a negative net margin of 1.53%.The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company posted $2.31 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Equities research analysts anticipate that J. M. Smucker will post 9.95 earnings per share for the current fiscal year.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 5,000 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $116.69, for a total transaction of $583,450.00. Following the transaction, the insider directly owned 15,795 shares of the company’s stock, valued at approximately $1,843,118.55. This trade represents a 24.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Tucker H. Marshall sold 3,630 shares of J. M. Smucker stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $111.05, for a total transaction of $403,111.50. Following the completion of the transaction, the chief financial officer owned 38,699 shares in the company, valued at approximately $4,297,523.95. This represents a 8.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,533 shares of company stock worth $2,132,914 in the last 90 days. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On J. M. Smucker

Several hedge funds have recently made changes to their positions in SJM. Garton & Associates Financial Advisors LLC acquired a new position in J. M. Smucker in the 4th quarter valued at about $25,000. CYBER HORNET ETFs LLC acquired a new stake in J. M. Smucker during the 2nd quarter worth approximately $27,000. MCF Advisors LLC lifted its position in J. M. Smucker by 68.1% during the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after acquiring an additional 126 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of J. M. Smucker in the 2nd quarter valued at approximately $31,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of J. M. Smucker in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

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.