Brokerages Set The J. M. Smucker Company (NYSE:SJM) Target Price at $126.78

The J. M. Smucker Company (NYSE:SJM) has been given a consensus recommendation of “Hold” by the ten brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $126.78.

Several analysts recently issued reports on the company. Wells Fargo & Company increased their target price on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Stifel Nicolaus cut their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Barclays cut their target price on J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th.

J. M. Smucker Stock Performance

Shares of SJM opened at $106.09 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The business has a 50-day simple moving average of $110.19 and a two-hundred day simple moving average of $115.08. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 3.12 and a beta of 0.28. J. M. Smucker has a 52 week low of $99.81 and a 52 week high of $134.62.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.59 earnings per share. On average, analysts expect that J. M. Smucker will post 9.89 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s payout ratio is presently 87.45%.

Insider Activity at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the sale, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $2,116,942. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On J. M. Smucker

Several institutional investors have recently modified their holdings of the stock. Kentucky Trust Co bought a new stake in shares of J. M. Smucker in the 4th quarter valued at approximately $28,000. Edmp Inc. lifted its stake in shares of J. M. Smucker by 1.4% in the 4th quarter. Edmp Inc. now owns 10,703 shares of the company’s stock valued at $1,179,000 after purchasing an additional 145 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of J. M. Smucker by 7.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 25,708 shares of the company’s stock valued at $2,831,000 after purchasing an additional 1,892 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of J. M. Smucker by 9.4% in the 4th quarter. Empowered Funds LLC now owns 10,103 shares of the company’s stock valued at $1,113,000 after purchasing an additional 866 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in shares of J. M. Smucker by 9.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 80,113 shares of the company’s stock valued at $8,822,000 after purchasing an additional 6,898 shares during the last quarter. 81.66% of the stock is owned by 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.