J. M. Smucker (NYSE:SJM) Upgraded to "Strong-Buy" at BNP Paribas

J. M. Smucker (NYSE:SJM - Get Free Report) was upgraded by stock analysts at BNP Paribas from a "strong sell" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other analysts have also issued reports on SJM. Wells Fargo & Company reduced their target price on shares of J. M. Smucker from $135.00 to $115.00 and set an "overweight" rating for the company in a research note on Wednesday, June 11th. Stifel Nicolaus decreased their target price on J. M. Smucker from $120.00 to $106.00 and set a "hold" rating for the company in a research report on Wednesday, June 11th. Royal Bank Of Canada started coverage on J. M. Smucker in a research report on Monday. They set an "outperform" rating and a $130.00 target price on the stock. Wall Street Zen upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research report on Friday, March 28th. Finally, Jefferies Financial Group raised J. M. Smucker from a "hold" rating to a "buy" rating and cut their price objective for the stock from $118.00 to $115.00 in a report on Wednesday, June 11th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.33.

J. M. Smucker Stock Up 0.5%

Shares of NYSE:SJM traded up $0.56 during midday trading on Wednesday, hitting $104.73. 2,796,624 shares of the company's stock were exchanged, compared to its average volume of 1,310,129. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35. J. M. Smucker has a 12 month low of $93.30 and a 12 month high of $125.42. The company has a market cap of $11.15 billion, a PE ratio of -9.06, a price-to-earnings-growth ratio of 7.85 and a beta of 0.31. The stock has a 50 day moving average price of $106.22 and a 200-day moving average price of $108.71.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period in the prior year, the business posted $2.66 earnings per share. The company's quarterly revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that J. M. Smucker will post 9.88 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Tarang Amin bought 1,050 shares of the stock in a transaction on Thursday, June 12th. The stock was bought at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the purchase, the director directly owned 3,825 shares in the company, valued at approximately $367,544.25. The trade was a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in J. M. Smucker during the 2nd quarter worth $39,000. Triangle Securities Wealth Management increased its stake in J. M. Smucker by 30.5% during the second quarter. Triangle Securities Wealth Management now owns 2,612 shares of the company's stock worth $256,000 after purchasing an additional 610 shares during the period. Contravisory Investment Management Inc. purchased a new position in J. M. Smucker in the 2nd quarter valued at approximately $432,000. Wealth Enhancement Advisory Services LLC increased its holdings in J. M. Smucker by 16.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,575 shares of the company's stock worth $1,933,000 after purchasing an additional 2,589 shares during the period. Finally, Strathmore Capital Advisors Inc. acquired a new stake in J. M. Smucker in the second quarter valued at approximately $373,000. Institutional investors and hedge funds 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.