J M Smucker (SJM) Upgraded to “Sell” at ValuEngine

ValuEngine upgraded shares of J M Smucker (NYSE:SJM) from a strong sell rating to a sell rating in a report issued on Wednesday.

Other equities analysts have also recently issued reports about the stock. Credit Suisse Group boosted their price target on shares of J M Smucker from $90.00 to $95.00 and gave the company an underperform rating in a report on Wednesday. Barclays restated a hold rating on shares of J M Smucker in a report on Monday, June 11th. Susquehanna Bancshares set a $159.00 price target on shares of J M Smucker and gave the company a buy rating in a report on Monday, May 21st. Wells Fargo & Co set a $100.00 price target on shares of J M Smucker and gave the company a hold rating in a report on Tuesday, June 5th. Finally, Stephens boosted their price target on shares of J M Smucker from $125.00 to $130.00 and gave the company an equal weight rating in a report on Friday, April 6th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $123.23.

J M Smucker stock opened at $110.04 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.68 and a current ratio of 1.50. J M Smucker has a 12 month low of $96.13 and a 12 month high of $133.38. The firm has a market cap of $12.39 billion, a PE ratio of 13.82, a P/E/G ratio of 1.72 and a beta of 0.61.

J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, June 7th. The company reported $1.93 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.25). J M Smucker had a net margin of 18.19% and a return on equity of 12.20%. The company had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the firm earned $1.80 earnings per share. The company’s revenue was down .1% on a year-over-year basis. equities analysts expect that J M Smucker will post 8.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 11th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Thursday, May 10th. J M Smucker’s dividend payout ratio is presently 39.20%.

In other J M Smucker news, insider Joseph Stanziano sold 970 shares of the business’s stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $105.00, for a total transaction of $101,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jill R. Penrose sold 518 shares of the business’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $106.27, for a total transaction of $55,047.86. Following the transaction, the senior vice president now directly owns 10,537 shares of the company’s stock, valued at approximately $1,119,766.99. The disclosure for this sale can be found here. Insiders sold 11,842 shares of company stock valued at $1,255,871 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB acquired a new position in J M Smucker during the 4th quarter worth $745,000. Sei Investments Co. lifted its position in J M Smucker by 13.6% during the 1st quarter. Sei Investments Co. now owns 115,503 shares of the company’s stock worth $14,323,000 after acquiring an additional 13,802 shares during the last quarter. Sterling Capital Management LLC lifted 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 worth $1,682,000 after acquiring an additional 7,124 shares during the last quarter. Covington Capital Management lifted its position in J M Smucker by 21.4% during the 4th quarter. Covington Capital Management now owns 18,132 shares of the company’s stock worth $2,253,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. lifted its position in J M Smucker by 24.6% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 20,653 shares of the company’s stock worth $2,566,000 after acquiring an additional 4,073 shares during the last quarter. 79.21% of the stock is owned by hedge funds and other institutional investors.

J M Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates through U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. The company primarily offers coffee, pet food products, pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for J M Smucker (NYSE:SJM)

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