J. M. Smucker (NYSE:SJM) Given New $132.00 Price Target at TD Cowen

J. M. Smucker (NYSE:SJM) had its price target lowered by equities researchers at TD Cowen from $135.00 to $132.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 15.10% from the stock’s current price.

Several other equities research analysts have also recently issued reports on SJM. Barclays lowered their price objective on shares of J. M. Smucker from $132.00 to $123.00 and set an “equal weight” rating for the company in a research report on Monday, June 10th. Argus decreased their price objective on J. M. Smucker from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. Wells Fargo & Company cut their target price on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $121.00 price objective on shares of J. M. Smucker in a research report on Thursday. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $129.31.

J. M. Smucker Stock Up 0.8 %

Shares of SJM opened at $114.68 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.25. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 2.42 and a beta of 0.25. J. M. Smucker has a 1 year low of $105.69 and a 1 year high of $146.29. The business’s 50 day simple moving average is $116.04 and its 200-day simple moving average is $116.69.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.27. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a return on equity of 14.15% and a net margin of 9.10%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the company earned $2.21 EPS. As a group, equities analysts expect that J. M. Smucker will post 10.05 earnings per share for the current fiscal year.

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the sale, the chief executive officer now directly owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On J. M. Smucker

Institutional investors have recently made changes to their positions in the company. Advantage Trust Co purchased a new position in J. M. Smucker during the fourth quarter worth approximately $25,000. Studio Investment Management LLC acquired a new stake in J. M. Smucker in the 2nd quarter valued at $26,000. Cooksen Wealth LLC purchased a new stake in J. M. Smucker in the 4th quarter worth $33,000. Venturi Wealth Management LLC acquired a new position in J. M. Smucker during the first quarter worth $35,000. Finally, Quarry LP boosted its holdings in J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after buying an additional 219 shares during the last quarter. 81.66% 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 in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.