J. M. Smucker (NYSE:SJM) Sets New 52-Week Low - What's Next?

Shares of The J. M. Smucker Company (NYSE:SJM - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $93.30 and last traded at $94.22, with a volume of 65599 shares trading hands. The stock had previously closed at $94.50.

Analysts Set New Price Targets

Several analysts have issued reports on SJM shares. Jefferies Financial Group raised shares of J. M. Smucker from a "hold" rating to a "buy" rating and lowered their price objective for the company from $118.00 to $115.00 in a research report on Wednesday, June 11th. UBS Group dropped their price target on shares of J. M. Smucker from $134.00 to $129.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. DA Davidson decreased their price objective on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Barclays lowered their target price on J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 11th. Finally, Stifel Nicolaus cut their price target 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $115.80.

J. M. Smucker Trading Up 0.1%

The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.35 and a current ratio of 0.81. The company has a market cap of $10.07 billion, a P/E ratio of -8.20, a P/E/G ratio of 7.29 and a beta of 0.35. The business has a fifty day simple moving average of $111.59 and a 200 day simple moving average of $110.34.

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

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 4.57%. J. M. Smucker's payout ratio is currently -37.37%.

Insider Buying and Selling at J. M. Smucker

In other news, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now owns 8,794 shares of the company's stock, valued at approximately $1,022,390.44. This represents a 36.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Tarang Amin purchased 1,050 shares of the stock in a transaction dated Thursday, June 12th. The shares were acquired at an average cost of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the acquisition, the director now directly owns 3,825 shares of the company's stock, valued at approximately $367,544.25. This trade represents a 37.84% increase in their position. The disclosure for this purchase can be found here. 3.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On J. M. Smucker

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SJM. Capital Advisors Ltd. LLC raised its holdings in shares of J. M. Smucker by 188.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after purchasing an additional 151 shares in the last quarter. Tortoise Investment Management LLC boosted its stake 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 acquiring an additional 100 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of J. M. Smucker during the fourth quarter worth $27,000. Minot DeBlois Advisors LLC purchased a new stake in shares of J. M. Smucker during the fourth quarter valued at $28,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of J. M. Smucker in the 4th quarter valued at $29,000. 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.

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