The J. M. Smucker Company (NYSE:SJM) Receives $126.78 Consensus Price Target from Brokerages

Shares of The J. M. Smucker Company (NYSE:SJM) have earned an average rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $126.78.

SJM has been the topic of several recent research reports. Stifel Nicolaus reduced their price target on J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Barclays reduced their price target on 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. TD Cowen cut 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 note on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th.

Insider Activity

In other news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction on 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 directly owns 18,734 shares of the company’s stock, valued at $2,116,942. This represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SJM. Kentucky Trust Co bought a new position in shares of J. M. Smucker during the fourth quarter valued at $28,000. Venturi Wealth Management LLC lifted its holdings in J. M. Smucker by 1,329.4% in the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after acquiring an additional 226 shares during the period. Kieckhefer Group LLC bought a new position in J. M. Smucker in the fourth quarter valued at about $33,000. Quarry LP lifted its holdings in 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 acquiring an additional 219 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in J. M. Smucker in the third quarter valued at about $39,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Price Performance

SJM opened at $106.09 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. J. M. Smucker has a 52-week low of $99.81 and a 52-week high of $134.62. The stock has a market capitalization of $11.29 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 3.12 and a beta of 0.28. The stock’s 50 day moving average price is $110.19 and its 200-day moving average price is $115.08.

J. M. Smucker (NYSE:SJM) last posted its 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 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 analysts’ expectations of $2.27 billion. During the same period in the previous year, the firm earned $2.59 earnings per share. The business’s revenue was up 17.2% compared to the same quarter last year. On average, equities research analysts predict that J. M. Smucker will post 9.89 EPS for the current year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Friday, February 14th. J. M. Smucker’s payout ratio is currently 87.45%.

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.