Analysts Set The J. M. Smucker Company (NYSE:SJM) Target Price at $126.00

Shares of The J. M. Smucker Company (NYSE:SJM) have received a consensus recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $126.00.

A number of research firms have recently weighed in on SJM. Stifel Nicolaus dropped their target price on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a report on Friday, January 24th. StockNews.com cut shares of J. M. Smucker from a “hold” rating to a “sell” rating in a research note on Thursday. DA Davidson decreased their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the sale, the chief financial officer now directly owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. 111 Capital acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at approximately $1,145,000. Probity Advisors Inc. boosted its position in J. M. Smucker by 4.0% in the fourth quarter. Probity Advisors Inc. now owns 9,143 shares of the company’s stock valued at $1,007,000 after buying an additional 352 shares in the last quarter. Siemens Fonds Invest GmbH bought a new stake in shares of J. M. Smucker during the fourth quarter worth $4,605,000. Menard Financial Group LLC acquired a new position in shares of J. M. Smucker during the fourth quarter worth $46,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of J. M. Smucker during the fourth quarter worth $12,466,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Stock Down 0.8 %

Shares of SJM opened at $109.27 on Tuesday. The firm has a market cap of $11.63 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. J. M. Smucker has a 52 week low of $98.77 and a 52 week high of $127.15. The firm’s 50-day simple moving average is $106.82 and its 200 day simple moving average is $112.50.

J. M. Smucker (NYSE:SJM) last posted its earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. On average, analysts forecast that J. M. Smucker will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.95%. The ex-dividend date was Friday, February 14th. J. M. Smucker’s payout ratio is presently -179.25%.

About J. M. Smucker

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.