J. M. Smucker (NYSE:SJM) Raised to "Hold" at StockNews.com

J. M. Smucker (NYSE:SJM - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Friday.

SJM has been the topic of several other reports. Morgan Stanley assumed coverage on shares of J. M. Smucker in a report on Monday, March 24th. They set an "overweight" rating and a $123.00 price objective on the stock. Barclays lowered their price objective on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Stifel Nicolaus reduced their target price on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a report on Friday, January 24th. DA Davidson lowered their price target on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, TD Cowen downgraded J. M. Smucker from a "buy" rating to a "hold" rating and reduced their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $125.67.

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J. M. Smucker Stock Performance

NYSE SJM traded down $0.60 during mid-day trading on Friday, reaching $116.13. 1,223,939 shares of the stock were exchanged, compared to its average volume of 1,173,057. J. M. Smucker has a 1 year low of $98.77 and a 1 year high of $125.75. 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 moving average is $108.21 and its 200-day moving average is $112.20. The company has a market capitalization of $12.36 billion, a P/E ratio of 23.51, a P/E/G ratio of 3.91 and a beta of 0.28.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. On average, equities research analysts forecast that J. M. Smucker will post 9.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the transaction, the chief financial officer now owns 13,263 shares of the company's stock, valued at $1,503,493.68. This trade represents a 27.49 % 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 owned by insiders.

Hedge Funds Weigh In On J. M. Smucker

A number of hedge funds have recently made changes to their positions in the stock. Capital Advisors Ltd. LLC boosted its position in shares of J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after buying an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of J. M. Smucker during the fourth quarter worth about $27,000. Kentucky Trust Co purchased a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $28,000. Minot DeBlois Advisors LLC acquired a new position in shares of J. M. Smucker in the fourth quarter valued at approximately $28,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in J. M. Smucker during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors 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.