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 brokerage currently has a hold rating on the stock.

Several other equities analysts have also recently commented on SJM. Jefferies Group LLC upgraded J.M. Smucker Company (The) from a hold rating to a buy rating and increased their target price for the company from $130.00 to $140.00 in a research note on Friday, July 28th. BidaskClub upgraded 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 J.M. Smucker Company (The) and gave the company a hold rating in a research note on Wednesday, August 23rd. J P Morgan Chase & Co cut J.M. Smucker Company (The) from an overweight rating to a neutral rating and reduced their target price for the company from $135.00 to $116.00 in a research note on Thursday, August 24th. Finally, Morgan Stanley reiterated a sell rating and set 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 assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $125.17.

Shares of J.M. Smucker Company (SJM) opened at $114.01 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42. J.M. Smucker Company has a 1 year low of $99.57 and a 1 year high of $143.68. The stock has a market cap of $12,980.00, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings data on Thursday, November 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the company earned $2.05 earnings per share. J.M. Smucker Company (The)’s revenue for the quarter was up .5% on a year-over-year basis. equities research analysts forecast that J.M. Smucker Company will post 7.79 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, November 9th. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is presently 63.03%.

In other news, insider Richard K. Smucker acquired 10,000 shares of J.M. Smucker Company (The) stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average cost of $105.40 per share, for a total transaction of $1,054,000.00. Following the completion of the purchase, the insider now directly owns 652,168 shares of the company’s stock, valued at approximately $68,738,507.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary A. Oatey acquired 1,000 shares of J.M. Smucker Company (The) stock in a transaction that occurred on Monday, September 11th. The shares were purchased 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. Company insiders own 3.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Gateway Investment Advisers LLC lifted its stake in J.M. Smucker Company (The) by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 7,168 shares of the company’s stock valued at $848,000 after buying an additional 26 shares during the last quarter. RiverPoint Capital Management LLC lifted its stake in J.M. Smucker Company (The) by 1.3% in the second quarter. RiverPoint Capital Management LLC now owns 2,310 shares of the company’s stock valued at $273,000 after buying an additional 30 shares during the last quarter. CIBC Asset Management Inc lifted its stake in J.M. Smucker Company (The) by 0.3% in the second quarter. CIBC Asset Management Inc now owns 12,171 shares of the company’s stock valued at $1,440,000 after buying an additional 31 shares during the last quarter. Paradigm Asset Management Co. LLC lifted its stake in J.M. Smucker Company (The) by 4.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock valued at $136,000 after buying an additional 50 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its stake in J.M. Smucker Company (The) by 1.1% in the second quarter. Great Lakes Advisors LLC now owns 4,922 shares of the company’s stock valued at $582,000 after buying an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 77.30% of the company’s stock.

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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