J. M. Smucker (NYSE:SJM) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of J. M. Smucker (NYSE:SJM) from a buy rating to a hold rating in a research report report published on Sunday morning.

Other analysts also recently issued research reports about the company. Stifel Nicolaus dropped their price target on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. TD Cowen increased their price objective on J. M. Smucker from $105.00 to $112.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Barclays lifted their target price on J. M. Smucker from $105.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. UBS Group reduced their price target on J. M. Smucker from $120.00 to $117.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, J. M. Smucker currently has a consensus rating of “Hold” and an average target price of $119.43.

J. M. Smucker Stock Down 0.3%

J. M. Smucker stock opened at $108.63 on Friday. The company has a 50 day moving average of $105.89 and a 200-day moving average of $105.31. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. J. M. Smucker has a twelve month low of $93.30 and a twelve month high of $120.76. The stock has a market capitalization of $11.59 billion, a PE ratio of -9.21, a price-to-earnings-growth ratio of 4.54 and a beta of 0.22.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, February 26th. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.11. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $2.61 earnings per share. On average, equities research analysts anticipate that J. M. Smucker will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $4.40 annualized dividend and a yield of 4.1%. J. M. Smucker’s dividend payout ratio is -37.32%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SJM. UBS Group AG grew its stake in shares of J. M. Smucker by 238.7% in the fourth quarter. UBS Group AG now owns 3,924,282 shares of the company’s stock valued at $383,834,000 after buying an additional 2,765,559 shares in the last quarter. Dimensional Fund Advisors LP raised its position in J. M. Smucker by 33.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,392,300 shares of the company’s stock worth $331,807,000 after acquiring an additional 850,943 shares in the last quarter. Invesco Ltd. lifted its stake in J. M. Smucker by 7.5% in the second quarter. Invesco Ltd. now owns 2,819,028 shares of the company’s stock valued at $276,829,000 after acquiring an additional 195,774 shares during the last quarter. Geode Capital Management LLC grew its position in shares of J. M. Smucker by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,776,561 shares of the company’s stock valued at $271,539,000 after acquiring an additional 49,017 shares during the period. Finally, Morgan Stanley grew its position in shares of J. M. Smucker by 16.8% in the 4th quarter. Morgan Stanley now owns 2,486,596 shares of the company’s stock valued at $243,214,000 after acquiring an additional 357,253 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.