Credit Suisse Group set a $110.00 price target on J.M. Smucker Company (The) (NYSE:SJM) in a research note published on Friday. The firm currently has a hold rating on the stock.

Several other brokerages also recently weighed in on SJM. Citigroup Inc. decreased their target price on shares of J.M. Smucker Company (The) from $161.00 to $155.00 and set a buy rating for the company in a research note on Tuesday, May 9th. Stephens downgraded shares of J.M. Smucker Company (The) from an overweight rating to an equal weight rating and decreased their target price for the stock from $165.00 to $125.00 in a research note on Wednesday, July 19th. Morgan Stanley reiterated an underweight rating and set a $114.00 target price (down previously from $126.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, July 18th. Hilliard Lyons upgraded shares of J.M. Smucker Company (The) from a neutral rating to a long-term buy rating and set a $140.00 target price for the company in a research note on Tuesday, July 11th. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of J.M. Smucker Company (The) from a strong sell rating to a sell rating in a research note on Saturday, August 12th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $126.73.

J.M. Smucker Company (SJM) traded up 1.241% during mid-day trading on Friday, reaching $106.455. The company had a trading volume of 184,116 shares. The firm has a market capitalization of $12.08 billion, a PE ratio of 22.369 and a beta of 0.62. J.M. Smucker Company has a 52 week low of $104.97 and a 52 week high of $143.68. The stock’s 50-day moving average price is $119.18 and its 200 day moving average price is $127.41.

J.M. Smucker Company (The) (NYSE:SJM) last announced its earnings results on Thursday, August 24th. The company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.61 by $0.10. J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the company posted $1.86 EPS. J.M. Smucker Company (The)’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts predict that J.M. Smucker Company will post $7.75 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a dividend of $0.78 per share. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Wednesday, August 9th. J.M. Smucker Company (The)’s dividend payout ratio is currently 65.55%.

In other J.M. Smucker Company (The) news, insider Steven Oakland sold 6,047 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $122.00, for a total value of $737,734.00. Following the completion of the transaction, the insider now directly owns 47,667 shares of the company’s stock, valued at $5,815,374. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jill R. Penrose sold 550 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $120.09, for a total transaction of $66,049.50. Following the completion of the transaction, the senior vice president now directly owns 13,475 shares of the company’s stock, valued at $1,618,212.75. The disclosure for this sale can be found here. Insiders have sold 16,030 shares of company stock valued at $1,948,195 over the last three months. 3.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Schmidt P J Investment Management Inc. boosted its position in shares of J.M. Smucker Company (The) by 0.5% in the first quarter. Schmidt P J Investment Management Inc. now owns 2,411 shares of the company’s stock worth $316,000 after buying an additional 13 shares during the period. Palo Capital Inc. boosted its position in shares of J.M. Smucker Company (The) by 2.7% in the first quarter. Palo Capital Inc. now owns 10,872 shares of the company’s stock worth $1,425,000 after buying an additional 289 shares during the period. First Midwest Bank Trust Division boosted its position in shares of J.M. Smucker Company (The) by 37.2% in the first quarter. First Midwest Bank Trust Division now owns 8,189 shares of the company’s stock worth $1,073,000 after buying an additional 2,221 shares during the period. Russell Investments Group Ltd. boosted its position in shares of J.M. Smucker Company (The) by 10.7% in the first quarter. Russell Investments Group Ltd. now owns 331,112 shares of the company’s stock worth $43,405,000 after buying an additional 32,036 shares during the period. Finally, Strs Ohio boosted its position in shares of J.M. Smucker Company (The) by 3.9% in the first quarter. Strs Ohio now owns 15,104 shares of the company’s stock worth $1,979,000 after buying an additional 571 shares during the period. 73.54% of the stock is owned by institutional investors.

J.M. Smucker Company (The) 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.

Analyst Recommendations for J.M. Smucker Company (The) (NYSE:SJM)

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