Jefferies Group LLC set a $135.00 price objective on J.M. Smucker Company (The) (NYSE:SJM) in a research note issued to investors on Saturday morning. The firm currently has a buy rating on the stock. Jefferies Group also issued estimates for J.M. Smucker Company (The)’s Q4 2018 earnings at $2.20 EPS, Q3 2019 earnings at $2.28 EPS and Q1 2020 earnings at $1.95 EPS.

Several other analysts have also recently issued reports on SJM. 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. Susquehanna Bancshares Inc set a $131.00 target price on shares of J.M. Smucker Company (The) and gave the stock a hold rating in a research note on Wednesday, August 23rd. J P Morgan Chase & Co cut shares of J.M. Smucker Company (The) from an overweight rating to a neutral rating and lowered their target price for the stock from $135.00 to $116.00 in a research note on Thursday, August 24th. Credit Suisse Group set a $110.00 target price on shares of J.M. Smucker Company (The) and gave the stock a hold rating in a research note on Friday, August 25th. Finally, Morgan Stanley reiterated a sell rating and issued a $108.00 target price (down from $114.00) on shares of J.M. Smucker Company (The) in a research note on Friday, August 25th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. J.M. Smucker Company (The) has a consensus rating of Hold and a consensus target price of $125.17.

J.M. Smucker Company (SJM) traded down $2.46 during midday trading on Friday, reaching $114.19. 1,418,187 shares of the company’s stock traded hands, compared to its average volume of 1,338,151. J.M. Smucker Company has a fifty-two week low of $99.57 and a fifty-two week high of $143.68. The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. The stock has a market cap of $12,970.27, a PE ratio of 15.58, a PEG ratio of 2.22 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last posted its earnings results on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.12. J.M. Smucker Company (The) had a net margin of 7.72% and a return on equity of 11.98%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the prior year, the company posted $2.05 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. analysts forecast that J.M. Smucker Company will post 7.79 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Thursday, November 9th. J.M. Smucker Company (The)’s payout ratio is presently 63.03%.

In other J.M. Smucker Company (The) news, insider Richard K. Smucker bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $105.40 per share, for a total transaction of $1,054,000.00. Following the transaction, the insider now directly owns 652,168 shares in the company, valued at $68,738,507.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary A. Oatey bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average price of $107.30 per share, for a total transaction of $107,300.00. The disclosure for this purchase can be found here. 3.50% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of SJM. Schroder Investment Management Group raised its position in J.M. Smucker Company (The) by 7,253.2% in the 2nd quarter. Schroder Investment Management Group now owns 1,166,740 shares of the company’s stock worth $137,699,000 after purchasing an additional 1,150,873 shares during the period. BlackRock Inc. raised its position in J.M. Smucker Company (The) by 7.6% in the 2nd quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock worth $965,814,000 after purchasing an additional 578,984 shares during the period. Koch Industries Inc. purchased a new position in J.M. Smucker Company (The) in the 2nd quarter worth $495,000. Renaissance Technologies LLC purchased a new position in J.M. Smucker Company (The) in the 2nd quarter worth $54,456,000. Finally, Parametric Portfolio Associates LLC raised its position in J.M. Smucker Company (The) by 251.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 642,552 shares of the company’s stock worth $76,033,000 after purchasing an additional 459,528 shares during the period. Institutional investors own 73.29% of the company’s stock.

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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