StockNews.com Upgrades J. M. Smucker (NYSE:SJM) to Hold

J. M. Smucker (NYSE:SJM) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Other analysts have also issued research reports about the stock. Morgan Stanley began coverage on shares of J. M. Smucker in a research note on Monday, March 24th. They set an “overweight” rating and a $123.00 target price for the company. Stifel Nicolaus cut their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. DA Davidson dropped their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Barclays reduced their price objective on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Finally, TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price target for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $125.67.

J. M. Smucker Trading Down 0.5 %

NYSE:SJM opened at $116.13 on Friday. The business’s 50-day moving average is $108.21 and its two-hundred day moving average is $112.20. The firm has a market capitalization of $12.36 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28. J. M. Smucker has a 12 month low of $98.77 and a 12 month high of $125.75. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

J. M. Smucker (NYSE:SJM) last released 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 during the quarter, compared to analysts’ expectations of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. Research analysts predict that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

Insider Transactions at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On J. M. Smucker

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in J. M. Smucker by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company’s stock worth $1,469,544,000 after buying an additional 130,533 shares in the last quarter. State Street Corp boosted its holdings in J. M. Smucker by 12.0% during the third quarter. State Street Corp now owns 7,111,023 shares of the company’s stock valued at $861,145,000 after purchasing an additional 762,746 shares in the last quarter. FMR LLC lifted its holdings in J. M. Smucker by 11.3% during the 4th quarter. FMR LLC now owns 3,734,305 shares of the company’s stock valued at $411,222,000 after purchasing an additional 380,309 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of J. M. Smucker by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company’s stock worth $286,664,000 after buying an additional 58,231 shares in the last quarter. Finally, Invesco Ltd. grew its position in J. M. Smucker by 21.0% during the 4th quarter. Invesco Ltd. now owns 2,415,023 shares of the company’s stock worth $265,942,000 after acquiring an additional 418,878 shares during the last quarter. 81.66% of the stock is 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.