J. M. Smucker (NYSE:SJM - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a report released on Thursday.
Other equities research analysts have also recently issued research reports about the company. Barclays cut their price target 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. Wells Fargo & Company lifted their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Stifel Nicolaus decreased their price target on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, January 24th. TD Cowen cut shares of 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, DA Davidson decreased their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $125.67.
View Our Latest Report on J. M. Smucker
J. M. Smucker Stock Performance
SJM traded up $2.06 during trading on Thursday, reaching $111.76. 1,427,217 shares of the company were exchanged, compared to its average volume of 1,131,032. J. M. Smucker has a 52 week low of $98.77 and a 52 week high of $127.15. 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 firm has a 50 day moving average of $107.19 and a 200 day moving average of $112.29. The stock has a market cap of $11.89 billion, a P/E ratio of 22.62, a PEG ratio of 3.91 and a beta of 0.28.
J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. On average, sell-side analysts forecast that J. M. Smucker will post 9.88 EPS for the current fiscal year.
Insider Buying and Selling
In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total value of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares in the company, valued at approximately $1,503,493.68. The trade was a 27.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.40% of the company's stock.
Institutional Investors Weigh In On J. M. Smucker
Large investors have recently modified their holdings of the stock. 111 Capital purchased a new stake in shares of J. M. Smucker during the fourth quarter valued at $1,145,000. Probity Advisors Inc. lifted its stake in J. M. Smucker by 4.0% during the fourth quarter. Probity Advisors Inc. now owns 9,143 shares of the company's stock valued at $1,007,000 after buying an additional 352 shares in the last quarter. Siemens Fonds Invest GmbH acquired a new position in shares of J. M. Smucker in the fourth quarter worth about $4,605,000. Menard Financial Group LLC purchased a new position in shares of J. M. Smucker in the fourth quarter worth approximately $46,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of J. M. Smucker during the fourth quarter valued at approximately $12,466,000. 81.66% of the stock is owned by institutional investors.
J. M. Smucker Company Profile
(
Get Free Report)
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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