J. M. Smucker (NYSE:SJM) Rating Reiterated by The Goldman Sachs Group

The Goldman Sachs Group reissued their sell rating on shares of J. M. Smucker (NYSE:SJMGet Rating) in a research report report published on Monday morning, The Fly reports. The firm currently has a $123.00 price objective on the stock.

SJM has been the subject of several other research reports. Credit Suisse Group upped their target price on shares of J. M. Smucker from $140.00 to $145.00 and gave the company a neutral rating in a report on Wednesday, August 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of J. M. Smucker from $143.00 to $145.00 and gave the company a hold rating in a research report on Monday, November 14th. StockNews.com began coverage on shares of J. M. Smucker in a research report on Wednesday, October 12th. They issued a hold rating for the company. Morgan Stanley upped their price target on shares of J. M. Smucker from $117.00 to $132.00 and gave the company an underweight rating in a research report on Wednesday, August 24th. Finally, Stifel Nicolaus upped their price target on shares of J. M. Smucker from $140.00 to $148.00 in a research report on Wednesday, August 24th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $141.50.

J. M. Smucker Trading Up 0.2 %

Shares of J. M. Smucker stock opened at $149.47 on Monday. The company has a fifty day simple moving average of $143.62 and a 200-day simple moving average of $136.64. J. M. Smucker has a 12-month low of $119.82 and a 12-month high of $152.16. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 0.52. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 5.22 and a beta of 0.25.

J. M. Smucker (NYSE:SJMGet Rating) last issued its earnings results on Monday, November 21st. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.21. J. M. Smucker had a net margin of 7.01% and a return on equity of 11.31%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the business posted $2.43 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts forecast that J. M. Smucker will post 8.68 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 11th will be given a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 9th. This represents a $4.08 dividend on an annualized basis and a yield of 2.73%. J. M. Smucker’s payout ratio is currently 76.55%.

Insiders Place Their Bets

In other news, insider Jill R. Penrose sold 4,543 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $140.83, for a total value of $639,790.69. Following the completion of the transaction, the insider now owns 9,106 shares in the company, valued at approximately $1,282,397.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.90% of the stock is owned by insiders.

Hedge Funds Weigh In On J. M. Smucker

A number of large investors have recently made changes to their positions in SJM. Mutual of America Capital Management LLC increased its holdings in shares of J. M. Smucker by 1.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 14,541 shares of the company’s stock valued at $1,969,000 after purchasing an additional 147 shares in the last quarter. National Asset Management Inc. increased its holdings in shares of J. M. Smucker by 24.4% in the 1st quarter. National Asset Management Inc. now owns 2,915 shares of the company’s stock valued at $395,000 after purchasing an additional 571 shares in the last quarter. Metis Global Partners LLC purchased a new position in shares of J. M. Smucker in the 1st quarter valued at about $232,000. Venture Visionary Partners LLC purchased a new position in shares of J. M. Smucker in the 1st quarter valued at about $1,456,000. Finally, First National Trust Co increased its holdings in shares of J. M. Smucker by 3.4% in the 1st quarter. First National Trust Co now owns 2,271 shares of the company’s stock valued at $307,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 79.56% of the company’s stock.

About J. M. Smucker

(Get Rating)

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.

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Analyst Recommendations for J. M. Smucker (NYSE:SJM)

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