By otakuyassine3@gmail.com 
StockNews.com upgraded shares of J. M. Smucker (NYSE:SJM – Free Report) from a sell rating to a hold rating in a research report sent to investors on Tuesday.
SJM has been the topic of several other research reports. Stifel Nicolaus dropped their price objective 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. Wells Fargo & Company upped their price objective on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. DA Davidson dropped their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday. TD Cowen lowered J. M. Smucker from a “buy” rating to a “hold” rating and dropped their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, Barclays dropped their price objective on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $126.00.
Check Out Our Latest Analysis on SJM
J. M. Smucker Stock Performance
SJM opened at $114.17 on Tuesday. J. M. Smucker has a 52-week low of $98.77 and a 52-week high of $127.59. The firm has a market capitalization of $12.15 billion, a PE ratio of 23.11, a PEG ratio of 3.91 and a beta of 0.28. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58. The business’s 50-day simple moving average is $106.50 and its 200 day simple moving average is $112.73.
J. M. Smucker (NYSE:SJM – Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. As a group, sell-side analysts expect that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.
J. M. Smucker Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.78%. J. M. Smucker’s dividend payout ratio (DPR) is currently -179.25%.
Insider Buying and Selling
In related news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now 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 filing with the SEC, which is available through the SEC website. 3.40% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On J. M. Smucker
A number of large investors have recently added to or reduced their stakes in SJM. Norges Bank acquired a new stake in J. M. Smucker during the fourth quarter worth approximately $112,978,000. FMR LLC grew its position in J. M. Smucker by 40.0% during the third quarter. FMR LLC now owns 3,353,996 shares of the company’s stock worth $406,169,000 after buying an additional 958,142 shares in the last quarter. LSV Asset Management grew its position in J. M. Smucker by 3,599.5% during the fourth quarter. LSV Asset Management now owns 929,400 shares of the company’s stock worth $102,346,000 after buying an additional 904,278 shares in the last quarter. State Street Corp grew its position 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 worth $861,145,000 after buying an additional 762,746 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of J. M. Smucker by 891.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 579,903 shares of the company’s stock valued at $70,226,000 after purchasing an additional 521,404 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.
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.
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