J. M. Smucker (NYSE:SJM) Given New $126.00 Price Target at Barclays

J. M. Smucker (NYSE:SJM) had its target price hoisted by Barclays from $121.00 to $126.00 in a research note issued to investors on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

SJM has been the topic of a number of other reports. DA Davidson restated a “neutral” rating and issued a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. Bank of America dropped their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their price target for the company from $135.00 to $125.00 in a research note on Friday, October 25th. BNP Paribas raised J. M. Smucker to a “strong sell” rating in a research note on Thursday, August 29th. Finally, StockNews.com raised J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, J. M. Smucker currently has a consensus rating of “Hold” and a consensus price target of $128.00.

J. M. Smucker Stock Performance

J. M. Smucker stock opened at $117.79 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.25. The firm has a market capitalization of $12.53 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 3.29 and a beta of 0.25. J. M. Smucker has a 1-year low of $105.69 and a 1-year high of $134.62. The company’s 50-day moving average is $116.34 and its 200 day moving average is $115.64.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.27. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the business posted $2.59 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Research analysts forecast that J. M. Smucker will post 9.87 EPS for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, November 15th. J. M. Smucker’s payout ratio is 87.45%.

Institutional Investors Weigh In On J. M. Smucker

Institutional investors have recently added to or reduced their stakes in the stock. Studio Investment Management LLC purchased a new stake in shares of J. M. Smucker during the second quarter valued at about $26,000. Venturi Wealth Management LLC raised its stake in shares of J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after acquiring an additional 226 shares in the last quarter. Quarry LP lifted its position in J. M. Smucker by 212.6% during the second quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after acquiring an additional 219 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in J. M. Smucker in the third quarter valued at approximately $39,000. Finally, Eastern Bank purchased a new position in J. M. Smucker in the third quarter worth $40,000. 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.