Jefferies Group set a $135.00 price objective on J M Smucker (NYSE:SJM) in a research note published on Saturday, November 18th. The firm currently has a buy rating on the stock. Jefferies Group also issued estimates for J M Smucker’s Q4 2018 earnings at $2.20 EPS, Q3 2019 earnings at $2.28 EPS and Q1 2020 earnings at $1.95 EPS.
Other research analysts have also recently issued research reports about the stock. BidaskClub raised shares of J M Smucker from a strong sell rating to a sell rating in a report on Saturday, August 12th. Stifel Nicolaus lifted their price objective on shares of J M Smucker from $109.00 to $113.00 and gave the company a hold rating in a report on Friday, November 17th. Susquehanna Bancshares set a $131.00 price objective on shares of J M Smucker and gave the company a hold rating in a report on Wednesday, August 23rd. Credit Suisse Group set a $110.00 target price on shares of J M Smucker and gave the company a hold rating in a research report on Friday, August 25th. Finally, Zacks Investment Research lowered shares of J M Smucker from a hold rating to a sell rating in a research report on Tuesday, August 29th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $125.17.
J M Smucker (NYSE SJM) traded up $3.78 during trading hours on Friday, hitting $119.39. 1,446,869 shares of the stock traded hands, compared to its average volume of 1,120,895. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. J M Smucker has a 1-year low of $99.57 and a 1-year high of $143.68. The firm has a market capitalization of $13,133.02, a P/E ratio of 15.77, a P/E/G ratio of 2.14 and a beta of 0.67.
J M Smucker (NYSE:SJM) last issued its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.12. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the company posted $2.05 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. research analysts forecast that J M Smucker will post 7.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were given a $0.78 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $3.12 annualized dividend and a dividend yield of 2.61%. J M Smucker’s dividend payout ratio (DPR) is 63.03%.
In other J M Smucker news, Director Gary A. Oatey purchased 1,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average cost of $107.30 per share, for a total transaction of $107,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new position in J M Smucker during the third quarter worth about $542,000. Truepoint Inc. boosted its holdings in J M Smucker by 9,203.5% in the 3rd quarter. Truepoint Inc. now owns 281,989 shares of the company’s stock valued at $282,000 after purchasing an additional 278,958 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in J M Smucker in the 3rd quarter valued at about $373,000. Cypress Capital Group acquired a new position in J M Smucker in the 3rd quarter valued at about $474,000. Finally, IFM Investors Pty Ltd acquired a new position in J M Smucker in the 3rd quarter valued at about $389,000. Hedge funds and other institutional investors own 75.46% of the company’s stock.
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About J M Smucker
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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