StockNews.com Upgrades J. M. Smucker (NYSE:SJM) to “Hold”

J. M. Smucker (NYSE:SJM) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

Several other research analysts have also commented on the company. TD Cowen cut their price objective on J. M. Smucker from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. DA Davidson initiated coverage on shares of J. M. Smucker in a research report on Friday, March 1st. They set a “neutral” rating and a $132.00 price objective on the stock. Barclays upped their target price on shares of J. M. Smucker from $129.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th. Citigroup lowered their price target on J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a report on Wednesday, February 28th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, J. M. Smucker currently has a consensus rating of “Hold” and an average price target of $137.47.

J. M. Smucker Stock Up 0.2 %

Shares of NYSE SJM opened at $114.85 on Monday. The business has a 50-day simple moving average of $119.91 and a two-hundred day simple moving average of $120.71. J. M. Smucker has a 52 week low of $107.33 and a 52 week high of $159.92. The company has a market cap of $12.19 billion, a P/E ratio of -130.51, a P/E/G ratio of 1.81 and a beta of 0.21. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.27 by $0.21. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. J. M. Smucker’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.21 earnings per share. Research analysts anticipate that J. M. Smucker will post 9.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other J. M. Smucker news, insider Jeannette L. Knudsen sold 3,200 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the completion of the transaction, the insider now directly owns 8,946 shares in the company, valued at approximately $1,116,192.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SJM. Czech National Bank boosted its stake in J. M. Smucker by 41.4% during the third quarter. Czech National Bank now owns 17,847 shares of the company’s stock worth $2,194,000 after acquiring an additional 5,224 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of J. M. Smucker by 2.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 109,327 shares of the company’s stock worth $13,437,000 after purchasing an additional 2,838 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in J. M. Smucker by 9.0% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,997 shares of the company’s stock valued at $5,039,000 after buying an additional 3,400 shares in the last quarter. Toews Corp ADV purchased a new position in J. M. Smucker during the third quarter valued at $774,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in J. M. Smucker in the third quarter worth $453,000. Institutional investors own 81.66% of the company’s stock.

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.