StockNews.com Downgrades J. M. Smucker (NYSE:SJM) to Sell

J. M. Smucker (NYSE:SJM - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Monday.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company upped their target price 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. Stifel Nicolaus cut their price objective on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Barclays decreased their target price on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, TD Cowen cut shares of J. M. Smucker from a "buy" rating to a "hold" rating and cut their price target for the stock from $130.00 to $121.00 in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $126.13.

J. M. Smucker Trading Up 5.2 %

Shares of J. M. Smucker stock traded up $5.80 on Monday, reaching $117.29. The company had a trading volume of 2,432,079 shares, compared to its average volume of 1,245,593. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 3.91 and a beta of 0.28. The firm's 50-day moving average price is $106.14 and its two-hundred day moving average price is $112.96. J. M. Smucker has a 1 year low of $98.77 and a 1 year high of $127.59. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27.

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J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. As a group, research analysts predict that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Tucker H. Marshall sold 994 shares of J. M. Smucker stock in a transaction that occurred on Tuesday, December 17th. The shares were 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 trade 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 this link. Company insiders own 3.40% of the company's stock.

Institutional Trading of J. M. Smucker

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its position in J. M. Smucker by 2.3% during the third quarter. Nisa Investment Advisors LLC now owns 6,070 shares of the company's stock valued at $735,000 after purchasing an additional 134 shares in the last quarter. US Bancorp DE lifted its position in shares of J. M. Smucker by 1.4% during the third quarter. US Bancorp DE now owns 41,171 shares of the company's stock valued at $4,986,000 after buying an additional 559 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of J. M. Smucker by 28.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,046 shares of the company's stock valued at $248,000 after buying an additional 450 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of J. M. Smucker by 10.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 124,280 shares of the company's stock worth $15,050,000 after buying an additional 12,008 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of J. M. Smucker by 5.7% during the 3rd quarter. Van ECK Associates Corp now owns 4,718 shares of the company's stock worth $555,000 after acquiring an additional 255 shares in the last quarter. Institutional investors 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.