J. M. Smucker (NYSE:SJM) Earns Overweight Rating from Analysts at Morgan Stanley

Research analysts at Morgan Stanley began coverage on shares of J. M. Smucker (NYSE:SJM) in a research report issued to clients and investors on Monday,Benzinga reports. The firm set an “overweight” rating and a $123.00 price target on the stock. Morgan Stanley’s price objective would indicate a potential upside of 12.05% from the company’s previous close.

SJM has been the topic of several other reports. Stifel Nicolaus reduced 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 report on Friday, January 24th. TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the stock from $130.00 to $121.00 in a research note on Wednesday, January 8th. StockNews.com downgraded J. M. Smucker from a “hold” rating to a “sell” rating in a research report on Thursday. Barclays lowered 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, Wells Fargo & Company upped their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $125.67.

J. M. Smucker Trading Up 0.4 %

Shares of SJM opened at $109.78 on Monday. J. M. Smucker has a 52-week low of $98.77 and a 52-week high of $127.15. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The firm’s fifty day moving average is $107.00 and its two-hundred day moving average is $112.36. The stock has a market cap of $11.68 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. Research analysts forecast that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total value of $569,974.08. Following the completion of the transaction, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. This represents a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SJM. Capital Advisors Ltd. LLC raised its position in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after acquiring an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in J. M. Smucker in the fourth quarter worth $27,000. Kentucky Trust Co purchased a new position in J. M. Smucker in the fourth quarter worth $28,000. Minot DeBlois Advisors LLC purchased a new position in J. M. Smucker in the fourth quarter worth $28,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in J. M. Smucker in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

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.