J.M. Smucker Co. (SJM) Given Consensus Rating of “Hold” by Brokerages
Shares of J.M. Smucker Co. (NYSE:SJM) have been given an average recommendation of “Hold” by the fifteen brokerages that are currently covering the company. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $141.00.
SJM has been the topic of a number of research reports. Zacks Investment Research lowered shares of J.M. Smucker from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Deutsche Bank AG set a $165.00 price objective on shares of J.M. Smucker and gave the stock a “buy” rating in a research note on Thursday, August 18th. Morgan Stanley reissued a “hold” rating and set a $142.00 price objective on shares of J.M. Smucker in a research note on Wednesday, August 24th. Credit Suisse Group AG reissued a “buy” rating and set a $158.00 price objective on shares of J.M. Smucker in a research note on Wednesday, August 24th. Finally, Citigroup Inc. reissued a “buy” rating on shares of J.M. Smucker in a research note on Thursday, August 25th.
J.M. Smucker (NYSE:SJM) traded down 1.22% on Wednesday, hitting $125.37. 400,713 shares of the stock were exchanged. J.M. Smucker has a 12 month low of $117.36 and a 12 month high of $157.31. The company has a 50-day moving average of $130.60 and a 200-day moving average of $139.70. The stock has a market cap of $14.60 billion, a price-to-earnings ratio of 20.44 and a beta of 0.56.
J.M. Smucker (NYSE:SJM) last announced its earnings results on Thursday, November 17th. The company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.12. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2 billion. J.M. Smucker had a net margin of 9.63% and a return on equity of 12.41%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.62 EPS. On average, equities analysts predict that J.M. Smucker will post $7.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $3.00 annualized dividend and a dividend yield of 2.36%. J.M. Smucker’s payout ratio is 48.86%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SJM. Carroll Financial Associates Inc. boosted its position in J.M. Smucker by 16.3% in the second quarter. Carroll Financial Associates Inc. now owns 679 shares of the company’s stock valued at $103,000 after buying an additional 95 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of J.M. Smucker during the third quarter valued at about $108,000. City Holding Co. acquired a new stake in shares of J.M. Smucker during the second quarter valued at about $110,000. PineBridge Investments L.P. acquired a new stake in shares of J.M. Smucker during the second quarter valued at about $134,000. Finally, Financial Architects Inc acquired a new stake in shares of J.M. Smucker during the third quarter valued at about $139,000. 76.15% of the stock is owned by hedge funds and other institutional investors.
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About J.M. Smucker
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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