J. M. Smucker (NYSE:SJM) Downgraded to Hold Rating by TD Cowen

TD Cowen lowered shares of J. M. Smucker (NYSE:SJM - Free Report) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has $121.00 price objective on the stock, down from their previous price objective of $130.00.

Other analysts have also issued reports about the stock. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Monday, September 30th. Barclays lowered their target price on shares of J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 4th. Stifel Nicolaus cut J. M. Smucker from a "buy" rating to a "hold" rating and cut their price target for the company from $135.00 to $125.00 in a research note on Friday, October 25th. Finally, Wells Fargo & Company upped their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $127.33.

J. M. Smucker Trading Down 2.0 %

Shares of SJM stock traded down $2.11 on Wednesday, hitting $105.36. 1,309,708 shares of the stock traded hands, compared to its average volume of 1,048,721. 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 firm's 50-day moving average price is $113.04 and its two-hundred day moving average price is $115.77. J. M. Smucker has a twelve month low of $104.27 and a twelve month high of $134.62. The stock has a market capitalization of $11.21 billion, a PE ratio of 21.33, a PEG ratio of 3.46 and a beta of 0.28.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.51 by $0.25. The business had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.27 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The company's revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.59 EPS. As a group, analysts anticipate that J. M. Smucker will post 9.89 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.10%. The ex-dividend date was Friday, November 15th. J. M. Smucker's dividend payout ratio (DPR) is 87.45%.

Insider Buying and Selling at J. M. Smucker

In related news, CFO Tucker H. Marshall sold 994 shares of the firm'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 in the company, valued at $2,116,942. This trade 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 this hyperlink. 3.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On J. M. Smucker

Hedge funds and other institutional investors have recently modified their holdings of the company. Probity Advisors Inc. raised its position in J. M. Smucker by 1.1% in the third quarter. Probity Advisors Inc. now owns 8,791 shares of the company's stock worth $1,065,000 after acquiring an additional 96 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in J. M. Smucker by 0.5% during the second quarter. Anchor Investment Management LLC now owns 19,791 shares of the company's stock worth $2,158,000 after buying an additional 99 shares in the last quarter. Romano Brothers AND Company grew its position in J. M. Smucker by 3.5% in the third quarter. Romano Brothers AND Company now owns 2,987 shares of the company's stock worth $362,000 after buying an additional 100 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of J. M. Smucker by 11.0% in the third quarter. Blue Trust Inc. now owns 1,032 shares of the company's stock valued at $125,000 after buying an additional 102 shares in the last quarter. Finally, Fulton Bank N.A. lifted its position in shares of J. M. Smucker by 3.5% during the 3rd quarter. Fulton Bank N.A. now owns 3,178 shares of the company's stock valued at $385,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds 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.