J. M. Smucker (NYSE:SJM) Sets New 52-Week Low - Here's Why

Shares of The J. M. Smucker Company (NYSE:SJM - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $100.72 and last traded at $100.77, with a volume of 231617 shares traded. The stock had previously closed at $101.91.

Analysts Set New Price Targets

A number of analysts recently issued reports on SJM shares. Stifel Nicolaus lowered shares of J. M. Smucker from a "buy" rating to a "hold" rating and dropped their price target for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. Barclays cut their target price 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. Wells Fargo & Company lifted their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. TD Cowen cut J. M. Smucker from a "buy" rating to a "hold" rating and cut their price objective for the company from $130.00 to $121.00 in a research note on Wednesday, January 8th. Finally, StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $127.33.

J. M. Smucker Trading Down 0.4 %

The firm has a market cap of $10.87 billion, a P/E ratio of 20.68, a P/E/G ratio of 3.08 and a beta of 0.28. The firm has a fifty day moving average of $111.57 and a 200-day moving average of $115.44. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.58.

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

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, November 15th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.23%. J. M. Smucker's dividend payout ratio (DPR) is presently 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 stock was sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. The trade was a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.40% of the company's stock.

Hedge Funds Weigh In On J. M. Smucker

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its holdings in shares of J. M. Smucker by 342.8% in the second quarter. Acadian Asset Management LLC now owns 4,468 shares of the company's stock valued at $485,000 after acquiring an additional 3,459 shares in the last quarter. Quest Partners LLC boosted its stake in J. M. Smucker by 2,347.1% during the 2nd quarter. Quest Partners LLC now owns 416 shares of the company's stock valued at $45,000 after purchasing an additional 399 shares in the last quarter. Choreo LLC acquired a new position in shares of J. M. Smucker during the 2nd quarter valued at $241,000. Envestnet Asset Management Inc. raised its stake in shares of J. M. Smucker by 5.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 50,742 shares of the company's stock worth $5,533,000 after buying an additional 2,411 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of J. M. Smucker by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,783,183 shares of the company's stock worth $194,435,000 after buying an additional 135,158 shares in the last quarter. 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.

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