The J. M. Smucker Company (NYSE:SJM) Receives $127.25 Average PT from Analysts

Shares of The J. M. Smucker Company (NYSE:SJM) have been given a consensus recommendation of “Hold” by the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $127.25.

Several research analysts recently commented on the company. Barclays reduced their price objective on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating for the company in a research note on Friday, August 30th. Citigroup decreased their price target on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. TD Cowen dropped their price objective on shares of J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. BNP Paribas upgraded shares of J. M. Smucker to a “strong sell” rating in a report on Thursday, August 29th. Finally, Wells Fargo & Company lowered their target price on J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th.

J. M. Smucker Stock Down 0.0 %

Shares of NYSE SJM opened at $121.11 on Tuesday. The firm has a market cap of $12.89 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 3.21 and a beta of 0.24. The company’s 50-day simple moving average is $119.03 and its 200-day simple moving average is $116.06. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. J. M. Smucker has a 52-week low of $105.69 and a 52-week high of $134.62.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the firm posted $2.21 EPS. J. M. Smucker’s revenue was up 17.7% compared to the same quarter last year. Equities analysts predict that J. M. Smucker will post 9.82 EPS for the current fiscal year.

J. M. Smucker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, August 16th. This is a boost from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.57%. J. M. Smucker’s dividend payout ratio (DPR) is currently 60.67%.

Hedge Funds Weigh In On J. M. Smucker

A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its stake in J. M. Smucker by 298.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 20,270 shares of the company’s stock worth $2,562,000 after purchasing an additional 15,182 shares in the last quarter. California State Teachers Retirement System boosted its holdings in J. M. Smucker by 5.5% during the 4th quarter. California State Teachers Retirement System now owns 170,552 shares of the company’s stock valued at $21,554,000 after acquiring an additional 8,960 shares during the period. Vanguard Group Inc. grew its position in J. M. Smucker by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock valued at $1,702,515,000 after acquiring an additional 518,433 shares in the last quarter. AMF Tjanstepension AB purchased a new stake in J. M. Smucker during the first quarter worth about $23,990,000. Finally, Mitchell Sinkler & Starr PA lifted its position in shares of J. M. Smucker by 431.4% during the fourth quarter. Mitchell Sinkler & Starr PA now owns 9,433 shares of the company’s stock worth $1,192,000 after purchasing an additional 7,658 shares in the last quarter. 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.