Shares of The J. M. Smucker Company (NYSE:SJM – Get Free Report) have earned a consensus rating of “Hold” from the twenty-one analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $116.3529.
Several research analysts have commented on SJM shares. Sanford C. Bernstein reduced their price objective on J. M. Smucker from $145.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Evercore started coverage on J. M. Smucker in a report on Friday, May 15th. They set an “outperform” rating and a $117.00 price objective on the stock. Morgan Stanley reduced their price objective on J. M. Smucker from $118.00 to $104.00 and set an “equal weight” rating on the stock in a report on Thursday, April 23rd. Stifel Nicolaus reduced their price objective on J. M. Smucker from $120.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, April 21st. Finally, BNP Paribas Exane set a $125.00 price objective on J. M. Smucker in a report on Thursday, April 9th.
Read Our Latest Research Report on J. M. Smucker
J. M. Smucker Trading Up 1.5%
J. M. Smucker (NYSE:SJM – Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.27 by $0.11. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.32 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.J. M. Smucker’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $2.61 EPS. Analysts forecast that J. M. Smucker will post 9.03 earnings per share for the current year.
J. M. Smucker Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, May 15th. J. M. Smucker’s dividend payout ratio (DPR) is -37.32%.
Institutional Trading of J. M. Smucker
Several hedge funds and other institutional investors have recently bought and sold shares of SJM. Garton & Associates Financial Advisors LLC bought a new stake in J. M. Smucker during the 4th quarter valued at $25,000. CYBER HORNET ETFs LLC bought a new stake in J. M. Smucker during the 2nd quarter valued at $27,000. Root Financial Partners LLC bought a new stake in J. M. Smucker during the 3rd quarter valued at $29,000. MCF Advisors LLC boosted its position in J. M. Smucker by 68.1% during the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after acquiring an additional 126 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in J. M. Smucker during the 2nd quarter valued at $31,000. Institutional investors own 81.66% of the company’s stock.
About J. M. Smucker
The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.
Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.
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