J M Smucker (NYSE:SJM) had its price target dropped by investment analysts at Morgan Stanley from $114.00 to $106.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Morgan Stanley's price objective suggests a potential downside of 5.69% from the stock's previous close.
Other analysts have also recently issued reports about the company. Barclays reaffirmed a "hold" rating and issued a $125.00 price target on shares of J M Smucker in a research note on Thursday, August 27th. Deutsche Bank upped their price target on J M Smucker from $121.00 to $127.00 and gave the company a "hold" rating in a research note on Wednesday, August 26th. Jefferies Financial Group reissued a "hold" rating and set a $110.00 target price on shares of J M Smucker in a research note on Monday, July 13th. Stifel Nicolaus increased their target price on J M Smucker from $110.00 to $115.00 and gave the stock a "hold" rating in a research note on Friday, June 5th. Finally, Bank of America increased their target price on J M Smucker from $120.00 to $124.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 26th. Three research analysts have rated the stock with a sell rating and ten have given a hold rating to the company's stock. The stock currently has an average rating of "Hold" and an average target price of $115.73.
J M Smucker stock opened at $112.40 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.48 and a debt-to-equity ratio of 0.56. J M Smucker has a 1 year low of $91.88 and a 1 year high of $125.62. The company has a market cap of $12.82 billion, a PE ratio of 14.89, a PEG ratio of 6.05 and a beta of 0.23. The company's 50-day moving average is $114.17 and its two-hundred day moving average is $110.99.
J M Smucker (NYSE:SJM) last released its earnings results on Tuesday, August 25th. The company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.70. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.81 billion. J M Smucker had a net margin of 10.78% and a return on equity of 13.28%. The company's revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 EPS. Research analysts forecast that J M Smucker will post 8.67 EPS for the current year.
In other news, insider Mark R. Belgya sold 750 shares of the firm's stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $110.00, for a total transaction of $82,500.00. Following the completion of the transaction, the insider now directly owns 35,047 shares of the company's stock, valued at approximately $3,855,170. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark T. Smucker sold 1,500 shares of the firm's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $110.00, for a total transaction of $165,000.00. Following the transaction, the chief executive officer now directly owns 133,779 shares of the company's stock, valued at $14,715,690. The disclosure for this sale can be found here. Insiders have sold a total of 9,353 shares of company stock valued at $1,105,790 over the last ninety days. Company insiders own 3.60% of the company's stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SJM. Enterprise Financial Services Corp boosted its holdings in shares of J M Smucker by 153.8% in the 1st quarter. Enterprise Financial Services Corp now owns 297 shares of the company's stock valued at $33,000 after buying an additional 180 shares during the last quarter. NewSquare Capital LLC acquired a new stake in J M Smucker during the 1st quarter valued at $44,000. NuWave Investment Management LLC acquired a new stake in J M Smucker during the 2nd quarter valued at $55,000. Royal Fund Management LLC acquired a new stake in J M Smucker during the 1st quarter valued at $56,000. Finally, AIA Investment Management Private Ltd lifted its holdings in shares of J M Smucker by 24.4% during the first quarter. AIA Investment Management Private Ltd now owns 571 shares of the company's stock worth $63,000 after buying an additional 112 shares in the last quarter. 80.53% of the stock is owned by institutional investors.
J M Smucker Company Profile
The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.
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