The J. M. Smucker Company (NYSE:SJM) Receives Average Recommendation of "Hold" from Analysts

The J. M. Smucker Company (NYSE:SJM - Get Free Report) has been assigned a consensus recommendation of "Hold" from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $126.42.

A number of equities research analysts recently issued reports on the stock. DA Davidson reissued a "neutral" rating and issued a $121.00 price target on shares of J. M. Smucker in a research note on Thursday, August 29th. Bank of America cut their target price on shares of J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating for the company in a research note on Thursday, August 29th. TD Cowen decreased their price target on shares of J. M. Smucker from $135.00 to $132.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. BNP Paribas upgraded J. M. Smucker to a "strong sell" rating in a research note on Thursday, August 29th. Finally, StockNews.com upgraded J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Monday, September 30th.

Hedge Funds Weigh In On J. M. Smucker

Institutional investors and hedge funds have recently bought and sold shares of the company. Studio Investment Management LLC acquired a new position in shares of J. M. Smucker in the 2nd quarter worth approximately $26,000. Venturi Wealth Management LLC boosted its position in shares of J. M. Smucker by 1,329.4% during the third quarter. Venturi Wealth Management LLC now owns 243 shares of the company's stock worth $29,000 after buying an additional 226 shares during the period. Quarry LP grew its stake in shares of J. M. Smucker by 212.6% in the second 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 stake in shares of J. M. Smucker in the 3rd quarter valued at $39,000. Finally, Eastern Bank acquired a new position in J. M. Smucker during the 3rd quarter worth about $40,000. 81.66% of the stock is currently owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

SJM traded down $1.56 on Wednesday, reaching $110.42. The stock had a trading volume of 745,320 shares, compared to its average volume of 1,148,172. The business's 50-day moving average price is $117.92 and its two-hundred day moving average price is $115.68. The company has a market cap of $11.75 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 3.20 and a beta of 0.25. J. M. Smucker has a 12-month low of $105.69 and a 12-month high of $134.62. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the business earned $2.21 EPS. J. M. Smucker's revenue for the quarter was up 17.7% compared to the same quarter last year. Sell-side analysts forecast that J. M. Smucker will post 9.8 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 3.91%. J. M. Smucker's dividend payout ratio is presently 61.10%.

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.