J M Smucker Co (NYSE:SJM) has been given an average rating of “Hold” by the twelve research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $113.38.

Several analysts have recently commented on the company. Wells Fargo & Co restated a “hold” rating on shares of J M Smucker in a research note on Monday, November 25th. Stifel Nicolaus dropped their price target on J M Smucker from $120.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, August 28th. ValuEngine raised J M Smucker from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 10th. Credit Suisse Group lowered J M Smucker from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $100.00 to $95.00 in a report on Wednesday, November 13th. Finally, Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating and set a $110.00 price objective for the company in a research note on Friday, November 15th.

NYSE SJM traded down $0.40 on Tuesday, hitting $105.30. 22,347 shares of the company were exchanged, compared to its average volume of 1,052,823. The company has a market cap of $11.99 billion, a PE ratio of 12.70, a PEG ratio of 3.99 and a beta of 0.41. J M Smucker has a 12 month low of $91.32 and a 12 month high of $128.43. The stock has a fifty day moving average of $106.59 and a 200-day moving average of $112.76. The company has a current ratio of 0.72, a quick ratio of 0.28 and a debt-to-equity ratio of 0.58.

J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Friday, November 22nd. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.13. J M Smucker had a net margin of 7.30% and a return on equity of 11.60%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the firm posted $2.17 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. On average, analysts expect that J M Smucker will post 8.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.88 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.34%. J M Smucker’s dividend payout ratio is presently 42.46%.

In related news, CFO Mark R. Belgya sold 750 shares of J M Smucker stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $110.00, for a total transaction of $82,500.00. Following the transaction, the chief financial officer now owns 52,692 shares of the company’s stock, valued at $5,796,120. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kevin G. Jackson sold 487 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $108.70, for a total value of $52,936.90. The disclosure for this sale can be found here. Insiders sold a total of 1,987 shares of company stock worth $217,937 in the last 90 days. 3.70% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of SJM. Nuveen Asset Management LLC boosted its holdings in J M Smucker by 22,638.0% during the second quarter. Nuveen Asset Management LLC now owns 590,961 shares of the company’s stock worth $68,073,000 after purchasing an additional 588,362 shares during the last quarter. LSV Asset Management lifted its position in shares of J M Smucker by 10.5% during the 2nd quarter. LSV Asset Management now owns 4,223,812 shares of the company’s stock worth $486,540,000 after buying an additional 400,006 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of J M Smucker by 72.1% in the 2nd quarter. Prudential Financial Inc. now owns 714,298 shares of the company’s stock worth $82,280,000 after buying an additional 299,231 shares during the last quarter. BlackRock Inc. boosted its stake in shares of J M Smucker by 2.7% in the 2nd quarter. BlackRock Inc. now owns 9,934,921 shares of the company’s stock worth $1,144,403,000 after buying an additional 258,305 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of J M Smucker by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,369,701 shares of the company’s stock valued at $480,754,000 after acquiring an additional 255,302 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

About J M Smucker

The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.

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Analyst Recommendations for J M Smucker (NYSE:SJM)

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