BidaskClub cut shares of J.M. Smucker Company (The) (NYSE:SJM) from a sell rating to a strong sell rating in a research note published on Saturday.

Other analysts have also issued reports about the stock. Citigroup Inc. cut their target price on shares of J.M. Smucker Company (The) from $161.00 to $155.00 and set a buy rating on the stock in a research note on Tuesday, May 9th. Jefferies Group LLC upgraded shares of J.M. Smucker Company (The) from a hold rating to a buy rating and increased their price target for the company from $130.00 to $140.00 in a research note on Friday, July 28th. Stephens lowered shares of J.M. Smucker Company (The) from an overweight rating to an equal weight rating and dropped their price target for the company from $165.00 to $125.00 in a research note on Wednesday, July 19th. Susquehanna Bancshares Inc set a $141.00 price target on shares of J.M. Smucker Company (The) and gave the company a hold rating in a research note on Wednesday, June 7th. Finally, Zacks Investment Research upgraded shares of J.M. Smucker Company (The) from a sell rating to a hold rating in a research note on Friday, June 2nd. Four analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $126.73.

Shares of J.M. Smucker Company (NYSE SJM) opened at 104.70 on Friday. The company’s 50-day moving average is $119.18 and its 200 day moving average is $127.41. J.M. Smucker Company has a 1-year low of $104.59 and a 1-year high of $143.68. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 22.00 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last released its earnings results on Thursday, August 24th. The company reported $1.51 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. Equities analysts anticipate that J.M. Smucker Company will post $7.76 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a $0.78 dividend. This is an increase from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Wednesday, August 9th. J.M. Smucker Company (The)’s dividend payout ratio is presently 65.55%.

In other news, insider Barry C. Dunaway sold 9,433 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $121.32, for a total value of $1,144,411.56. Following the completion of the sale, the insider now directly owns 40,966 shares of the company’s stock, valued at $4,969,995.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra Pianalto acquired 250 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The stock was purchased at an average cost of $120.61 per share, with a total value of $30,152.50. Following the completion of the acquisition, the director now directly owns 250 shares of the company’s stock, valued at approximately $30,152.50. The disclosure for this purchase can be found here. Insiders sold 16,030 shares of company stock valued at $1,948,195 over the last three months. Corporate insiders own 3.50% of the company’s stock.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in J.M. Smucker Company (The) by 2,899.4% in the first quarter. BlackRock Inc. now owns 7,583,056 shares of the company’s stock valued at $993,987,000 after buying an additional 7,330,233 shares during the last quarter. Schroder Investment Management Group increased its stake in J.M. Smucker Company (The) by 7,253.2% in the second quarter. Schroder Investment Management Group now owns 1,166,740 shares of the company’s stock valued at $137,699,000 after buying an additional 1,150,873 shares during the last quarter. FMR LLC increased its stake in J.M. Smucker Company (The) by 49.4% in the first quarter. FMR LLC now owns 2,009,137 shares of the company’s stock valued at $263,357,000 after buying an additional 664,514 shares during the last quarter. Koch Industries Inc. purchased a new stake in J.M. Smucker Company (The) during the second quarter valued at $495,000. Finally, Renaissance Technologies LLC purchased a new stake in J.M. Smucker Company (The) during the second quarter valued at $54,456,000. 73.54% of the stock is owned by institutional investors and hedge funds.

About J.M. Smucker Company (The)

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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