J. M. Smucker (NYSE:SJM) Reaches New 1-Year Low - Here's What Happened

Shares of The J. M. Smucker Company (NYSE:SJM - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $98.77 and last traded at $100.32, with a volume of 223850 shares traded. The stock had previously closed at $102.03.

Analysts Set New Price Targets

A number of analysts have weighed in on SJM shares. TD Cowen cut J. M. Smucker from a "buy" rating to a "hold" rating and cut their price target for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Stifel Nicolaus cut their target price 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. Wells Fargo & Company upped their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Finally, Barclays dropped their price target on shares of 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $126.78.

J. M. Smucker Stock Performance

The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 3.75 and a beta of 0.27. The stock's 50 day moving average is $106.26 and its two-hundred day moving average is $113.47.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.59 earnings per share. Analysts anticipate that The J. M. Smucker Company will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Friday, February 14th. J. M. Smucker's payout ratio is currently 87.45%.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the transaction, the chief financial officer now directly owns 18,734 shares of the company's stock, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Capital Advisors Ltd. LLC lifted its position in J. M. Smucker by 188.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock valued at $25,000 after purchasing an additional 151 shares during the period. Venturi Wealth Management LLC raised its stake in shares of J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock worth $29,000 after buying an additional 226 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of J. M. Smucker in the 4th quarter valued at approximately $27,000. Kentucky Trust Co purchased a new stake in shares of J. M. Smucker in the fourth quarter valued at approximately $28,000. Finally, Minot DeBlois Advisors LLC acquired a new position in J. M. Smucker during the fourth quarter worth $28,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

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.