Deutsche Bank assumed coverage on shares of J M Smucker (NYSE:SJM) in a research report report published on Wednesday morning, The Fly reports. The firm issued a hold rating and a $108.00 target price on the stock.

A number of other equities research analysts have also recently commented on SJM. Guggenheim dropped their target price on J M Smucker from $99.00 to $93.00 and set a sell rating on the stock in a research report on Wednesday, August 28th. Credit Suisse Group cut J M Smucker from a neutral rating to an underperform rating and dropped their target price for the company from $100.00 to $95.00 in a research report on Wednesday, November 13th. Citigroup dropped their target price on J M Smucker from $142.00 to $132.00 and set a buy rating on the stock in a research report on Thursday, August 29th. Zacks Investment Research upgraded J M Smucker from a sell rating to a hold rating and set a $110.00 target price on the stock in a research report on Friday, November 15th. Finally, Bank of America lowered their price objective on J M Smucker from $128.00 to $122.00 and set a neutral rating on the stock in a report on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $112.20.

Shares of NYSE:SJM traded down $0.35 during trading on Wednesday, reaching $104.08. 8,586 shares of the company’s stock traded hands, compared to its average volume of 1,063,318. J M Smucker has a fifty-two week low of $91.32 and a fifty-two week high of $128.43. The company has a quick ratio of 0.28, a current ratio of 0.72 and a debt-to-equity ratio of 0.58. The firm has a market cap of $12.15 billion, a PE ratio of 12.55, a P/E/G ratio of 4.04 and a beta of 0.41. The company has a 50-day simple moving average of $106.37 and a 200-day simple moving average of $111.83.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 3.38%. The ex-dividend date was Thursday, November 14th. J M Smucker’s payout ratio is 42.46%.

In related news, CFO Mark R. Belgya sold 750 shares of J M Smucker stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $110.00, for a total value of $82,500.00. Following the sale, the chief financial officer now directly owns 52,692 shares in the company, valued at approximately $5,796,120. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SJM. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in J M Smucker by 0.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,101 shares of the company’s stock worth $3,122,000 after purchasing an additional 248 shares in the last quarter. Dupont Capital Management Corp lifted its stake in J M Smucker by 9.7% in the 2nd quarter. Dupont Capital Management Corp now owns 9,747 shares of the company’s stock worth $1,123,000 after purchasing an additional 859 shares in the last quarter. AGF Investments LLC lifted its stake in J M Smucker by 4.7% in the 2nd quarter. AGF Investments LLC now owns 2,386 shares of the company’s stock worth $275,000 after purchasing an additional 107 shares in the last quarter. Advisor Group Inc. lifted its stake in J M Smucker by 11.7% in the 2nd quarter. Advisor Group Inc. now owns 21,437 shares of the company’s stock worth $2,470,000 after purchasing an additional 2,251 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new position in J M Smucker in the 2nd quarter worth approximately $223,000. Institutional investors own 78.01% of the company’s stock.

J M Smucker Company Profile

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.

Recommended Story: What is the Moving Average Convergence Divergence (MACD) oscillator?

The Fly

Analyst Recommendations for J M Smucker (NYSE:SJM)

Receive News & Ratings for J M Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J M Smucker and related companies with MarketBeat.com's FREE daily email newsletter.