Shares of J M Smucker Co (NYSE:SJM) have been given an average rating of “Hold” by the fourteen brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $119.09.
Several equities analysts have weighed in on SJM shares. Citigroup raised their target price on shares of J M Smucker from $122.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Jefferies Financial Group set a $125.00 price target on shares of J M Smucker and gave the stock a “buy” rating in a report on Tuesday, February 26th. Zacks Investment Research upgraded shares of J M Smucker from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Wednesday, March 27th. Morgan Stanley upgraded shares of J M Smucker from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $104.00 to $117.00 in a report on Thursday, April 18th. Finally, Argus started coverage on shares of J M Smucker in a report on Monday, April 1st. They set a “hold” rating for the company.
NYSE:SJM traded up $1.87 during mid-day trading on Friday, hitting $127.61. 8,534 shares of the company’s stock traded hands, compared to its average volume of 596,548. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.66. J M Smucker has a 1 year low of $91.32 and a 1 year high of $128.38. The company has a market capitalization of $14.50 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 2.94 and a beta of 0.58.
J M Smucker (NYSE:SJM) last posted its earnings results on Tuesday, February 26th. The company reported $2.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.23. J M Smucker had a net margin of 8.15% and a return on equity of 11.61%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the firm posted $2.50 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts predict that J M Smucker will post 8.15 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, May 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.66%. J M Smucker’s dividend payout ratio (DPR) is presently 42.71%.
In related news, SVP Jeannette L. Knudsen sold 1,932 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $102.86, for a total value of $198,725.52. Following the sale, the senior vice president now directly owns 24,292 shares of the company’s stock, valued at $2,498,675.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.92% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cleararc Capital Inc. acquired a new stake in shares of J M Smucker in the first quarter worth approximately $224,000. Horizon Investments LLC lifted its position in J M Smucker by 8.1% during the first quarter. Horizon Investments LLC now owns 8,348 shares of the company’s stock valued at $966,000 after buying an additional 626 shares in the last quarter. Thomasville National Bank lifted its position in J M Smucker by 1.5% during the first quarter. Thomasville National Bank now owns 8,649 shares of the company’s stock valued at $1,008,000 after buying an additional 128 shares in the last quarter. CWM Advisors LLC lifted its position in J M Smucker by 38.0% during the first quarter. CWM Advisors LLC now owns 5,459 shares of the company’s stock valued at $636,000 after buying an additional 1,504 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new position in J M Smucker during the first quarter valued at approximately $794,000. 79.50% of the stock is currently owned by institutional investors and hedge funds.
J M Smucker Company Profile
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and 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.
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