J M Smucker Co (NYSE:SJM) has been assigned a consensus recommendation of “Hold” from the eighteen brokerages that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $128.85.
A number of brokerages have issued reports on SJM. Credit Suisse Group set a $120.00 price objective on shares of J M Smucker and gave the company a “hold” rating in a research report on Wednesday, January 10th. Susquehanna Bancshares set a $141.00 price objective on shares of J M Smucker and gave the company a “buy” rating in a research report on Friday, December 8th. Jefferies Group reissued a “buy” rating and set a $135.00 price objective on shares of J M Smucker in a research report on Friday, February 16th. Barclays reissued an “equal weight” rating and set a $125.00 price objective (up from $120.00) on shares of J M Smucker in a research report on Tuesday, February 20th. Finally, Zacks Investment Research raised shares of J M Smucker from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research report on Tuesday, February 20th.
J M Smucker (NYSE:SJM) traded up $0.99 during trading hours on Friday, reaching $125.84. 1,297,205 shares of the company were exchanged, compared to its average volume of 982,731. J M Smucker has a 52 week low of $99.57 and a 52 week high of $139.39. The company has a quick ratio of 0.64, a current ratio of 1.48 and a debt-to-equity ratio of 0.60. The company has a market cap of $14,295.30, a price-to-earnings ratio of 11.33, a P/E/G ratio of 1.94 and a beta of 0.62.
J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Friday, February 16th. The company reported $2.50 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.34. J M Smucker had a net margin of 17.16% and a return on equity of 12.46%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the business posted $2.00 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. research analysts predict that J M Smucker will post 8.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Friday, February 9th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, February 8th. J M Smucker’s dividend payout ratio is presently 28.08%.
In other news, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $124.36, for a total value of $198,976.00. Following the sale, the senior vice president now directly owns 23,452 shares of the company’s stock, valued at approximately $2,916,490.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David J. Lemmon sold 1,205 shares of the company’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $124.54, for a total transaction of $150,070.70. The disclosure for this sale can be found here. Insiders sold a total of 5,610 shares of company stock worth $698,093 over the last ninety days. Insiders own 3.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in SJM. LSV Asset Management grew its position in shares of J M Smucker by 44.8% in the 4th quarter. LSV Asset Management now owns 2,081,093 shares of the company’s stock worth $258,554,000 after buying an additional 643,817 shares during the period. Bank of Montreal Can grew its position in shares of J M Smucker by 468.3% in the 4th quarter. Bank of Montreal Can now owns 577,433 shares of the company’s stock worth $71,741,000 after buying an additional 475,823 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of J M Smucker by 68.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,067,032 shares of the company’s stock worth $111,964,000 after buying an additional 432,461 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of J M Smucker in the 4th quarter worth about $45,182,000. Finally, Truepoint Inc. grew its position in shares of J M Smucker by 9,203.5% in the 3rd quarter. Truepoint Inc. now owns 281,989 shares of the company’s stock worth $282,000 after buying an additional 278,958 shares during the period. 77.65% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “J M Smucker Co (SJM) Receives Average Recommendation of “Hold” from Brokerages” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/03/18/j-m-smucker-co-sjm-receives-average-recommendation-of-hold-from-brokerages.html.
J M Smucker Company Profile
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.
Receive News & Ratings for J M Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J M Smucker and related companies with MarketBeat.com's FREE daily email newsletter.