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

The J. M. Smucker Company (NYSE:SJM - Get Free Report)'s share price reached a new 52-week low on Wednesday . The stock traded as low as $104.83 and last traded at $104.89, with a volume of 114548 shares changing hands. The stock had previously closed at $107.47.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Stifel Nicolaus cut J. M. Smucker from a "buy" rating to a "hold" rating and dropped their target price for the company from $135.00 to $125.00 in a report on Friday, October 25th. TD Cowen cut J. M. Smucker from a "buy" rating to a "hold" rating and decreased their price target for the stock from $130.00 to $121.00 in a research note on Wednesday. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Monday, September 30th. Finally, Barclays reduced their price objective on shares of J. M. Smucker from $126.00 to $123.00 and set an "equal weight" rating on the stock in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $127.33.

J. M. Smucker Stock Down 2.0 %

The company has a market cap of $11.21 billion, a P/E ratio of 21.33, a P/E/G ratio of 3.46 and a beta of 0.28. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The company's 50-day moving average is $113.04 and its two-hundred day moving average is $115.77.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly 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. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter in the previous year, the business earned $2.59 earnings per share. The company's revenue was up 17.2% on a year-over-year basis. As a group, equities analysts predict that The J. M. Smucker Company will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

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

Insider Activity at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the firm's stock in a transaction dated Tuesday, December 17th. The stock was 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. 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 accessible through this hyperlink. 3.40% of the stock is owned by insiders.

Hedge Funds Weigh In On J. M. Smucker

Several institutional investors have recently made changes to their positions in the business. Studio Investment Management LLC bought a new position in J. M. Smucker in the second quarter worth approximately $26,000. Venturi Wealth Management LLC raised its position 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 valued at $29,000 after purchasing an additional 226 shares during the period. Quarry LP lifted its stake in shares of J. M. Smucker by 212.6% during the 2nd quarter. Quarry LP now owns 322 shares of the company's stock valued at $35,000 after buying an additional 219 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of J. M. Smucker during the 3rd quarter valued at $39,000. Finally, Eastern Bank bought a new position in J. M. Smucker in the 3rd quarter worth $40,000. 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.