Stifel Nicolaus Lowers J. M. Smucker (NYSE:SJM) Price Target to $120.00

J. M. Smucker (NYSE:SJM) had its price target cut by investment analysts at Stifel Nicolaus from $125.00 to $120.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 16.63% from the stock’s current price.

A number of other brokerages have also recently weighed in on SJM. TD Cowen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Barclays cut their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, J. M. Smucker currently has an average rating of “Hold” and a consensus target price of $126.78.

J. M. Smucker Stock Performance

J. M. Smucker stock traded up $0.38 during mid-day trading on Friday, reaching $102.89. The company’s stock had a trading volume of 55,437 shares, compared to its average volume of 926,467. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 3.12 and a beta of 0.28. The business has a 50 day moving average price of $110.57 and a 200-day moving average price of $115.19. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. J. M. Smucker has a twelve month low of $99.81 and a twelve month high of $134.62.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company posted $2.59 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. Sell-side analysts predict that J. M. Smucker will post 9.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the transaction, the chief financial officer now owns 18,734 shares of the company’s stock, valued at $2,116,942. The trade was a 5.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On J. M. Smucker

Large investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC boosted its position in J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after purchasing an additional 226 shares during the period. Kieckhefer Group LLC acquired a new position in shares of J. M. Smucker during the fourth quarter worth approximately $33,000. Catalyst Capital Advisors LLC acquired a new position in shares of J. M. Smucker in the third quarter valued at $39,000. Quarry LP raised its stake in shares of J. M. Smucker by 212.6% in the second quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after purchasing an additional 219 shares in the last quarter. Finally, Eastern Bank acquired a new position in shares of J. M. Smucker in the third quarter valued at $40,000. Institutional investors own 81.66% of the company’s stock.

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.