Barclays Issues Pessimistic Forecast for J. M. Smucker (NYSE:SJM) Stock Price

J. M. Smucker (NYSE:SJM - Get Free Report) had its target price reduced by equities research analysts at Barclays from $119.00 to $105.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price objective suggests a potential upside of 9.14% from the stock's current price.

Other research analysts also recently issued reports about the company. Wells Fargo & Company decreased their price target on J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating for the company in a research note on Wednesday. UBS Group cut their price objective on J. M. Smucker from $134.00 to $129.00 and set a "buy" rating for the company in a report on Friday, June 6th. DA Davidson lowered their target price on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Stifel Nicolaus set a $120.00 price target on shares of J. M. Smucker in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $117.55.

J. M. Smucker Stock Up 0.4%

Shares of SJM traded up $0.34 during mid-day trading on Wednesday, hitting $96.21. 2,138,824 shares of the company's stock were exchanged, compared to its average volume of 1,219,778. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. J. M. Smucker has a 52 week low of $93.93 and a 52 week high of $125.42. The company has a market cap of $10.24 billion, a PE ratio of 19.48, a P/E/G ratio of 3.91 and a beta of 0.35. The company has a 50-day simple moving average of $112.89 and a 200 day simple moving average of $110.99.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.06. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm earned $2.66 earnings per share. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, research analysts forecast that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the transaction, the insider now owns 8,794 shares in the company, valued at approximately $1,022,390.44. This trade represents a 36.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.40% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC increased its position in J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after acquiring an additional 151 shares during the period. Tortoise Investment Management LLC grew its position in shares of J. M. Smucker by 87.0% during the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of J. M. Smucker during the fourth quarter worth approximately $27,000. Kentucky Trust Co bought a new position in shares of J. M. Smucker during the fourth quarter worth approximately $28,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at approximately $28,000. Institutional investors own 81.66% of the company's stock.

About J. M. Smucker

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, toppings, and syrups; jelly products; nut mix products; shortening and oils; 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.