J M Smucker (NYSE:SJM)‘s stock had its “equal weight” rating reissued by investment analysts at Barclays in a report issued on Tuesday. They presently have a $125.00 price target on the stock, up from their previous price target of $120.00. Barclays’ target price would indicate a potential upside of 2.85% from the stock’s previous close.
Other equities research analysts also recently issued reports about the company. Credit Suisse Group set a $110.00 target price on J M Smucker and gave the company a “hold” rating in a report on Friday, November 17th. Zacks Investment Research upgraded J M Smucker from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Susquehanna Bancshares set a $148.00 price objective on J M Smucker and gave the stock a “buy” rating in a report on Monday, February 12th. Jefferies Group set a $135.00 price objective on J M Smucker and gave the stock a “buy” rating in a report on Saturday, November 18th. Finally, Wells Fargo & Co set a $128.00 price objective on J M Smucker and gave the stock a “hold” rating in a report on Thursday, January 4th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $129.43.
Shares of J M Smucker (NYSE SJM) traded down $2.33 during mid-day trading on Tuesday, hitting $121.54. The stock had a trading volume of 478,265 shares, compared to its average volume of 1,116,977. The company has a current ratio of 1.48, a quick ratio of 0.64 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $14,138.36, a PE ratio of 11.09, a P/E/G ratio of 2.01 and a beta of 0.65. J M Smucker has a twelve month low of $99.57 and a twelve month high of $143.45.
J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Friday, February 16th. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.34. J M Smucker had a return on equity of 12.46% and a net margin of 17.16%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the company earned $2.00 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. analysts forecast that J M Smucker will post 8.25 EPS for the current year.
In other news, insider David J. Lemmon sold 1,205 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $124.54, for a total value of $150,070.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $124.36, for a total value of $198,976.00. Following the completion of the sale, the senior vice president now owns 23,452 shares of the company’s stock, valued at $2,916,490.72. The disclosure for this sale can be found here. Insiders have sold a total of 5,610 shares of company stock worth $698,093 over the last 90 days. 3.50% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB increased its holdings in shares of J M Smucker by 4.5% in the 4th quarter. Xact Kapitalforvaltning AB now owns 27,374 shares of the company’s stock valued at $3,401,000 after acquiring an additional 1,170 shares during the last quarter. Handelsbanken Fonder AB bought a new stake in shares of J M Smucker in the 4th quarter valued at approximately $745,000. Northern Oak Wealth Management Inc. increased its holdings in shares of J M Smucker by 4.8% in the 4th quarter. Northern Oak Wealth Management Inc. now owns 54,012 shares of the company’s stock valued at $6,710,000 after acquiring an additional 2,458 shares during the last quarter. Sterling Capital Management LLC boosted its position in J M Smucker by 111.1% during the 4th quarter. Sterling Capital Management LLC now owns 13,537 shares of the company’s stock valued at $1,682,000 after purchasing an additional 7,124 shares during the period. Finally, PVG Asset Management Corp boosted its position in J M Smucker by 27.5% during the 4th quarter. PVG Asset Management Corp now owns 48,669 shares of the company’s stock valued at $6,047,000 after purchasing an additional 10,487 shares during the period. Institutional investors and hedge funds own 75.62% 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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