J.M. Smucker Co. (SJM) Earns “Buy” Rating from Deutsche Bank AG
Deutsche Bank AG restated their buy rating on shares of J.M. Smucker Co. (NYSE:SJM) in a research note published on Monday. They currently have a $162.00 price target on the stock, up from their prior price target of $150.00.
Several other brokerages have also issued reports on SJM. Citigroup Inc. reissued a buy rating on shares of J.M. Smucker in a research note on Thursday, August 25th. Jefferies Group cut their target price on shares of J.M. Smucker from $143.00 to $135.00 and set a hold rating on the stock in a research note on Wednesday, October 12th. Credit Suisse Group AG lowered shares of J.M. Smucker from an outperform rating to a neutral rating and cut their target price for the stock from $158.00 to $145.00 in a research note on Tuesday, September 27th. Hilliard Lyons raised shares of J.M. Smucker from an underperform rating to a neutral rating in a research note on Thursday, September 22nd. Finally, JPMorgan Chase & Co. reaffirmed a focus list rating on shares of J.M. Smucker in a research note on Tuesday, October 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. J.M. Smucker presently has an average rating of Hold and a consensus price target of $145.70.
J.M. Smucker (NYSE:SJM) traded down 3.62% on Monday, hitting $125.25. 475,464 shares of the stock traded hands. The stock has a 50 day moving average of $131.63 and a 200 day moving average of $139.68. J.M. Smucker has a 52 week low of $116.42 and a 52 week high of $157.31. The firm has a market capitalization of $14.58 billion, a PE ratio of 20.59 and a beta of 0.56.
J.M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, November 17th. The company reported $2.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.12. The business had revenue of $1.91 billion for the quarter. J.M. Smucker had a net margin of 9.41% and a return on equity of 11.76%. The firm’s revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.62 earnings per share. Equities research analysts anticipate that J.M. Smucker will post $7.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $3.00 annualized dividend and a dividend yield of 2.31%. J.M. Smucker’s payout ratio is 49.26%.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in J.M. Smucker by 3.4% in the second quarter. Vanguard Group Inc. now owns 11,223,633 shares of the company’s stock valued at $1,710,593,000 after buying an additional 366,506 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of J.M. Smucker by 104.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,532,054 shares of the company’s stock valued at $538,319,000 after buying an additional 1,806,455 shares in the last quarter. Fundsmith LLP boosted its position in shares of J.M. Smucker by 68.3% in the second quarter. Fundsmith LLP now owns 3,450,789 shares of the company’s stock valued at $525,935,000 after buying an additional 1,399,810 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of J.M. Smucker by 0.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,184,842 shares of the company’s stock valued at $485,402,000 after buying an additional 29,033 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of J.M. Smucker by 2.8% in the third quarter. BlackRock Fund Advisors now owns 2,113,979 shares of the company’s stock valued at $286,529,000 after buying an additional 56,955 shares in the last quarter. Hedge funds and other institutional investors own 76.39% of the company’s stock.
J.M. Smucker Company Profile
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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