J.M. Smucker Co. (SJM) Price Target Cut to $125.00
J.M. Smucker Co. (NYSE:SJM) had its target price decreased by analysts at Jefferies Group from $135.00 to $125.00 in a research report issued on Wednesday. The brokerage currently has a “hold” rating on the stock. Jefferies Group’s price target indicates a potential downside of 0.75% from the company’s previous close.
A number of other analysts have also weighed in on SJM. Zacks Investment Research lowered J.M. Smucker from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Deutsche Bank AG set a $165.00 target price on J.M. Smucker and gave the stock a “buy” rating in a report on Thursday, August 18th. Morgan Stanley restated a “hold” rating and set a $142.00 target price on shares of J.M. Smucker in a report on Wednesday, August 24th. Credit Suisse Group AG restated a “buy” rating and set a $158.00 target price on shares of J.M. Smucker in a report on Wednesday, August 24th. Finally, Citigroup Inc. restated a “buy” rating on shares of J.M. Smucker in a report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $143.60.
Shares of J.M. Smucker (NYSE:SJM) traded down 1.04% during mid-day trading on Wednesday, hitting $125.95. The company had a trading volume of 1,238,270 shares. The company has a market capitalization of $14.66 billion, a price-to-earnings ratio of 20.54 and a beta of 0.56. J.M. Smucker has a 1-year low of $117.36 and a 1-year high of $157.31. The company has a 50-day moving average price of $129.95 and a 200-day moving average price of $139.67.
J.M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, November 17th. The company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.12. The firm earned $1.91 billion during the quarter, compared to analyst estimates of $2 billion. J.M. Smucker had a return on equity of 12.41% and a net margin of 9.63%. J.M. Smucker’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 earnings per share. On average, equities analysts anticipate that J.M. Smucker will post $7.69 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 11th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, November 8th. J.M. Smucker’s payout ratio is 48.86%.
Several institutional investors have recently added to or reduced their stakes in the stock. Carroll Financial Associates Inc. increased its stake in shares of 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 in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of J.M. Smucker during the third quarter valued at $108,000. City Holding Co. bought a new stake in shares of J.M. Smucker during the second quarter valued at $110,000. PineBridge Investments L.P. bought a new stake in shares of J.M. Smucker during the second quarter valued at $134,000. Finally, Financial Architects Inc bought a new stake in shares of J.M. Smucker during the third quarter valued at $139,000. 74.90% of the stock is currently owned by hedge funds and other institutional investors.
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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