Barclays Lowers J. M. Smucker (NYSE:SJM) Price Target to $105.00

J. M. Smucker (NYSE:SJM) had its price target lowered by equities research analysts at Barclays from $119.00 to $105.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 11.35% from the company’s current price.

A number of other equities research analysts have also commented on SJM. UBS Group decreased their price target on J. M. Smucker from $134.00 to $129.00 and set a “buy” rating on the stock in a research report on Friday, June 6th. Jefferies Financial Group upgraded J. M. Smucker from a “hold” rating to a “buy” rating and decreased their target price for the stock from $118.00 to $115.00 in a report on Wednesday. Morgan Stanley restated an “overweight” rating and issued a $124.00 target price (up from $123.00) on shares of J. M. Smucker in a research note on Friday, June 6th. Stifel Nicolaus set a $120.00 price target on shares of J. M. Smucker in a research report on Tuesday. Finally, Wells Fargo & Company lowered their price objective on shares of J. M. Smucker from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $118.82.

J. M. Smucker Price Performance

Shares of SJM traded down $0.11 during trading hours on Wednesday, hitting $94.30. The stock had a trading volume of 1,788,305 shares, compared to its average volume of 1,195,798. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 3.91 and a beta of 0.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The company’s fifty day moving average is $113.27 and its two-hundred day moving average is $111.09. J. M. Smucker has a 52 week low of $93.93 and a 52 week high of $125.42.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.06. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.18 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.66 earnings per share. On average, analysts anticipate that J. M. Smucker will post 9.88 EPS for the current year.

Insider Activity at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,117 shares of J. M. Smucker stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the transaction, the insider now owns 8,794 shares of the company’s stock, valued at $1,022,390.44. This trade represents a 36.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares of the company’s stock, valued at approximately $1,503,493.68. This represents a 27.49% decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On J. M. Smucker

Hedge funds have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in J. M. Smucker by 3.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,381 shares of the company’s stock worth $35,721,000 after acquiring an additional 11,339 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of J. M. Smucker by 1.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 73,222 shares of the company’s stock valued at $8,100,000 after purchasing an additional 1,303 shares in the last quarter. Private Advisor Group LLC grew its position in shares of J. M. Smucker by 39.6% in the 4th quarter. Private Advisor Group LLC now owns 17,471 shares of the company’s stock valued at $1,924,000 after purchasing an additional 4,960 shares during the period. Sandy Spring Bank increased its stake in J. M. Smucker by 1,365.5% during the 4th quarter. Sandy Spring Bank now owns 425 shares of the company’s stock worth $47,000 after purchasing an additional 396 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its holdings in J. M. Smucker by 124.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company’s stock worth $1,471,000 after buying an additional 7,414 shares during the period. 81.66% 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 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.