J. M. Smucker (NYSE:SJM) Price Target Raised to $126.00 at Barclays

J. M. Smucker (NYSE:SJM - Free Report) had its price target increased by Barclays from $121.00 to $126.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts have also recently issued reports on SJM. Bank of America lowered their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating for the company in a research note on Thursday, August 29th. StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a report on Monday, September 30th. BNP Paribas raised J. M. Smucker to a "strong sell" rating in a research report on Thursday, August 29th. DA Davidson reaffirmed a "neutral" rating and set a $121.00 price target on shares of J. M. Smucker in a research report on Thursday, August 29th. Finally, Wells Fargo & Company lifted their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $128.00.

J. M. Smucker Trading Down 0.2 %

SJM traded down $0.21 during mid-day trading on Friday, reaching $117.79. The stock had a trading volume of 1,000,897 shares, compared to its average volume of 1,178,594. The stock has a market capitalization of $12.54 billion, a P/E ratio of 23.89, a P/E/G ratio of 3.29 and a beta of 0.25. J. M. Smucker has a 52 week low of $105.69 and a 52 week high of $134.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.25 and a current ratio of 0.58. The firm's fifty day simple moving average is $116.36 and its two-hundred day simple moving average is $115.62.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.49 by $0.27. The firm had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.27 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $2.59 earnings per share. On average, equities analysts predict that J. M. Smucker will post 9.85 EPS for the current year.

J. M. Smucker Announces Dividend

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

Institutional Trading of J. M. Smucker

A number of hedge funds have recently made changes to their positions in SJM. Raymond James Trust N.A. lifted its position in J. M. Smucker by 6.8% during the third quarter. Raymond James Trust N.A. now owns 4,846 shares of the company's stock worth $587,000 after acquiring an additional 310 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of J. M. Smucker by 6,703.1% during the second quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company's stock worth $17,433,000 after buying an additional 157,523 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of J. M. Smucker by 62.0% in the first quarter. Cetera Investment Advisers now owns 24,174 shares of the company's stock valued at $3,043,000 after acquiring an additional 9,250 shares during the period. Swedbank AB grew its stake in shares of J. M. Smucker by 14.1% in the second quarter. Swedbank AB now owns 127,618 shares of the company's stock valued at $13,915,000 after acquiring an additional 15,792 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in shares of J. M. Smucker by 25.7% in the first quarter. Westwood Holdings Group Inc. now owns 56,816 shares of the company's stock valued at $7,151,000 after acquiring an additional 11,622 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

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.