J M Smucker Co (NYSE:SJM) has earned an average recommendation of “Hold” from the fifteen research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $126.00.
A number of brokerages have weighed in on SJM. Citigroup cut their target price on shares of J M Smucker from $155.00 to $133.00 and set a “buy” rating on the stock in a research report on Friday, August 25th. UBS upgraded shares of J M Smucker from a “neutral” rating to a “positive” rating in a report on Monday, November 13th. Morgan Stanley set a $106.00 price target on shares of J M Smucker and gave the stock a “sell” rating in a report on Friday, October 13th. Zacks Investment Research upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Finally, Stifel Nicolaus lifted their price target on shares of J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a report on Friday, November 17th.
In other news, Director Gary A. Oatey bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average price of $107.30 per share, for a total transaction of $107,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Sun Life Financial INC lifted its holdings in J M Smucker by 10,512.5% in the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock valued at $100,000 after buying an additional 841 shares during the period. Paradigm Asset Management Co. LLC increased its stake in J M Smucker by 4.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after purchasing an additional 50 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in J M Smucker in the third quarter valued at $201,000. Well Done LLC bought a new stake in J M Smucker in the third quarter valued at $201,000. Finally, Stokes & Hubbell Capital Management LLC bought a new stake in J M Smucker in the third quarter valued at $202,000. Institutional investors and hedge funds own 75.46% of the company’s stock.
Shares of J M Smucker (NYSE:SJM) traded down $0.44 during trading on Friday, reaching $118.47. 717,100 shares of the company’s stock were exchanged, compared to its average volume of 1,118,765. J M Smucker has a 1 year low of $99.57 and a 1 year high of $143.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42. The firm has a market capitalization of $13,410.00, a price-to-earnings ratio of 16.22, a P/E/G ratio of 2.20 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 for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the business posted $2.05 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. research analysts expect that J M Smucker will post 7.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were issued a $0.78 dividend. The ex-dividend date was Thursday, November 9th. This represents a $3.12 annualized dividend and a yield of 2.63%. J M Smucker’s payout ratio is 63.16%.
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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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