Analysts Set The J. M. Smucker Company (NYSE:SJM) Target Price at $126.00

The J. M. Smucker Company (NYSE:SJM - Get Free Report) has earned an average rating of "Hold" from the nine research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $126.00.

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of J. M. Smucker from a "hold" rating to a "sell" rating in a research report on Thursday. Barclays reduced their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Wells Fargo & Company increased their price objective on J. M. Smucker from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. TD Cowen cut J. M. Smucker from a "buy" rating to a "hold" rating and reduced their target price for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus decreased their target price on J. M. Smucker from $125.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, January 24th.

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Insider Buying and Selling

In related news, CFO Tucker H. Marshall sold 5,028 shares of J. M. Smucker stock in a transaction 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 $1,503,493.68. This trade represents a 27.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Capital Advisors Ltd. LLC grew its position in J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after acquiring an additional 151 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of J. M. Smucker during the fourth quarter valued at approximately $27,000. Kentucky Trust Co bought a new position in shares of J. M. Smucker in the fourth quarter worth approximately $28,000. Minot DeBlois Advisors LLC purchased a new position in shares of J. M. Smucker in the fourth quarter worth $28,000. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of J. M. Smucker in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

J. M. Smucker Stock Performance

SJM traded up $0.43 on Tuesday, hitting $109.78. The company's stock had a trading volume of 999,824 shares, compared to its average volume of 1,121,981. The company's 50 day simple moving average is $106.82 and its 200-day simple moving average is $112.50. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. J. M. Smucker has a 12 month low of $98.77 and a 12 month high of $127.15. The firm has a market cap of $11.68 billion, a P/E ratio of 22.18, a price-to-earnings-growth 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 company had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.23 billion. Analysts forecast that J. M. Smucker will post 9.88 EPS for the current year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.94%. J. M. Smucker's dividend payout ratio is -179.25%.

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.