Brokerages Set The J. M. Smucker Company (NYSE:SJM) Price Target at $125.67

The J. M. Smucker Company (NYSE:SJM - Get Free Report) has been assigned a consensus rating of "Hold" from the ten research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $125.67.

A number of analysts have weighed in on the company. TD Cowen downgraded 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 report on Wednesday, January 8th. Barclays lowered their target price on J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Stifel Nicolaus reduced their price objective on shares of J. M. Smucker from $125.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, January 24th. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. Finally, Morgan Stanley assumed coverage on shares of J. M. Smucker in a report on Monday, March 24th. They issued an "overweight" rating and a $123.00 price target for the company.

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Insider Buying and Selling at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the sale, the insider now owns 8,794 shares in the company, valued at approximately $1,022,390.44. This represents a 36.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Tucker H. Marshall sold 5,028 shares of the firm's 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 approximately $1,503,493.68. This trade represents a 27.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

Institutional Investors Weigh In On J. M. Smucker

A number of institutional investors have recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC lifted its holdings in 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 acquiring an additional 151 shares during the period. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of J. M. Smucker in the 4th quarter worth about $27,000. Kentucky Trust Co purchased a new stake in J. M. Smucker during the fourth quarter worth about $28,000. Minot DeBlois Advisors LLC purchased a new position in J. M. Smucker in the fourth quarter valued at approximately $28,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of J. M. Smucker in the fourth quarter valued at approximately $29,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Trading Down 0.8 %

Shares of SJM stock traded down $0.91 during trading hours on Friday, hitting $115.36. 370,958 shares of the company's stock traded hands, compared to its average volume of 1,181,216. The stock has a market cap of $12.28 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 3.91 and a beta of 0.35. 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 $125.42. The stock's 50 day simple moving average is $111.24 and its 200 day simple moving average is $111.88.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate 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 anticipate that J. M. Smucker will post 9.88 EPS for the current year.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, February 14th. J. M. Smucker's payout ratio is presently -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.