J. M. Smucker (NYSE:SJM) Coverage Initiated at Royal Bank Of Canada

Research analysts at Royal Bank Of Canada began coverage on shares of J. M. Smucker (NYSE:SJM - Get Free Report) in a research report issued on Monday, Marketbeat Ratings reports. The firm set an "outperform" rating and a $130.00 price target on the stock. Royal Bank Of Canada's price target indicates a potential upside of 24.13% from the company's current price.

Other research analysts have also recently issued research reports about the company. Bank of America cut their price target on J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Stifel Nicolaus cut their price objective on J. M. Smucker from $120.00 to $106.00 and set a "hold" rating on the stock in a research note on Wednesday, June 11th. DA Davidson cut their price objective on J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Citigroup cut their price objective on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a research note on Wednesday, June 11th. Finally, Morgan Stanley restated an "overweight" rating and set a $124.00 price objective (up previously from $123.00) on shares of J. M. Smucker in a research note on Friday, June 6th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $117.33.

J. M. Smucker Stock Up 0.5%

Shares of NYSE SJM traded up $0.56 on Monday, hitting $104.73. The company had a trading volume of 2,796,624 shares, compared to its average volume of 1,308,259. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. J. M. Smucker has a 12-month low of $93.30 and a 12-month high of $125.42. The business has a 50 day moving average of $106.40 and a two-hundred day moving average of $108.75. The firm has a market capitalization of $11.15 billion, a P/E ratio of -9.06, a PEG ratio of 7.80 and a beta of 0.31.

J. M. Smucker (NYSE:SJM - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.25 by $0.06. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%. The business had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the previous year, the firm posted $2.66 earnings per share. The company's revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts forecast that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, Director Tarang Amin acquired 1,050 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average cost of $96.09 per share, with a total value of $100,894.50. Following the acquisition, the director directly owned 3,825 shares of the company's stock, valued at $367,544.25. This represents a 37.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On J. M. Smucker

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in J. M. Smucker by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company's stock valued at $1,469,544,000 after purchasing an additional 130,533 shares in the last quarter. FMR LLC boosted its stake in J. M. Smucker by 11.3% during the 4th quarter. FMR LLC now owns 3,734,305 shares of the company's stock valued at $411,222,000 after purchasing an additional 380,309 shares in the last quarter. Invesco Ltd. boosted its stake in J. M. Smucker by 8.6% during the 1st quarter. Invesco Ltd. now owns 2,623,254 shares of the company's stock valued at $310,620,000 after purchasing an additional 208,231 shares in the last quarter. Geode Capital Management LLC boosted its stake in J. M. Smucker by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company's stock valued at $286,664,000 after purchasing an additional 58,231 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in J. M. Smucker by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company's stock valued at $267,252,000 after purchasing an additional 248,110 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Company Profile

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.