J. M. Smucker's (SJM) "Sell (D)" Rating Reiterated at Weiss Ratings

J. M. Smucker (NYSE:SJM - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

A number of other equities analysts have also issued reports on SJM. Bank of America reduced their target price on shares of J. M. Smucker from $120.00 to $118.00 and set a "neutral" rating on the stock in a research report on Thursday, August 28th. Barclays reiterated an "equal weight" rating and set a $105.00 target price on shares of J. M. Smucker in a research report on Friday, August 29th. BNP Paribas Exane upgraded shares of J. M. Smucker from an "underperform" rating to an "outperform" rating and set a $120.00 target price on the stock in a research report on Wednesday, July 9th. Zacks Research upgraded shares of J. M. Smucker to a "hold" rating in a research report on Monday, August 11th. Finally, BNP Paribas upgraded shares of J. M. Smucker from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $118.38.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock opened at $102.17 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of -7.45, a P/E/G ratio of 7.08 and a beta of 0.25. J. M. Smucker has a 1-year low of $93.30 and a 1-year high of $125.42. The firm's 50-day moving average price is $107.90 and its two-hundred day moving average price is $108.49.

J. M. Smucker (NYSE:SJM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.05). The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.J. M. Smucker's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS. On average, equities analysts predict that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Tucker H. Marshall sold 11,139 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $108.11, for a total value of $1,204,237.29. Following the transaction, the chief financial officer directly owned 33,864 shares in the company, valued at $3,661,037.04. This represents a 24.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On J. M. Smucker

Several large investors have recently bought and sold shares of the business. MGO One Seven LLC lifted its holdings in J. M. Smucker by 42.2% in the third quarter. MGO One Seven LLC now owns 8,057 shares of the company's stock valued at $875,000 after buying an additional 2,392 shares during the period. Conestoga Capital Advisors LLC acquired a new stake in J. M. Smucker in the third quarter worth $200,000. Associated Banc Corp acquired a new stake in J. M. Smucker in the third quarter worth $497,000. Oregon Public Employees Retirement Fund raised its holdings in J. M. Smucker by 31.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 12,173 shares of the company's stock worth $1,322,000 after purchasing an additional 2,943 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in J. M. Smucker by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 30,723 shares of the company's stock worth $3,335,000 after purchasing an additional 1,775 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

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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