The J. M. Smucker Company (NYSE:SJM) Receives $125.67 Consensus Target Price from Brokerages

The J. M. Smucker Company (NYSE:SJM) has received an average rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $125.67.

SJM has been the subject of several research reports. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their price objective for the company from $130.00 to $121.00 in a research report on Wednesday, January 8th. DA Davidson dropped their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Friday, March 28th. Barclays dropped their target price on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Stifel Nicolaus decreased their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, January 24th.

Insider Transactions at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the sale, the insider now owns 8,794 shares of the company’s stock, valued at $1,022,390.44. The trade was a 36.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On J. M. Smucker

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in J. M. Smucker by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company’s stock valued at $1,469,544,000 after buying an additional 130,533 shares during the period. FMR LLC boosted its position in J. M. Smucker by 11.3% during the 4th quarter. FMR LLC now owns 3,734,305 shares of the company’s stock valued at $411,222,000 after acquiring an additional 380,309 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of J. M. Smucker by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company’s stock valued at $286,664,000 after acquiring an additional 58,231 shares during the period. Invesco Ltd. raised its position in shares of J. M. Smucker by 21.0% in the 4th quarter. Invesco Ltd. now owns 2,415,023 shares of the company’s stock worth $265,942,000 after acquiring an additional 418,878 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of J. M. Smucker by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,009,017 shares of the company’s stock worth $221,232,000 after purchasing an additional 33,758 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Price Performance

SJM stock opened at $116.39 on Friday. 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 company’s fifty day moving average price is $111.98 and its 200-day moving average price is $111.83. J. M. Smucker has a one year low of $98.77 and a one year high of $125.42. The company has a market capitalization of $12.39 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data 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 business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.23 billion. On average, equities analysts anticipate that J. M. Smucker will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.71%. J. M. Smucker’s dividend payout ratio is currently -179.25%.

J. M. Smucker Company Profile

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.