The J. M. Smucker Company (NYSE:SJM) Receives $137.20 Consensus Price Target from Brokerages

Shares of The J. M. Smucker Company (NYSE:SJM - Get Free Report) have earned an average rating of "Hold" from the twelve brokerages that are covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $137.20.

Several research analysts have commented on the stock. StockNews.com lowered shares of J. M. Smucker from a "hold" rating to a "sell" rating in a research note on Sunday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of J. M. Smucker from $125.00 to $126.00 and gave the stock a "hold" rating in a research note on Wednesday, December 6th. Morgan Stanley reaffirmed an "equal weight" rating and set a $122.00 price objective on shares of J. M. Smucker in a research note on Wednesday, December 6th. DA Davidson assumed coverage on shares of J. M. Smucker in a research note on Friday, March 1st. They set a "neutral" rating and a $132.00 price objective for the company. Finally, Barclays lifted their price objective on shares of J. M. Smucker from $129.00 to $132.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 29th.

J. M. Smucker Stock Performance

NYSE SJM traded down $1.66 on Tuesday, reaching $123.07. 1,307,278 shares of the stock were exchanged, compared to its average volume of 1,270,590. The company's 50-day simple moving average is $125.79 and its two-hundred day simple moving average is $121.72. J. M. Smucker has a one year low of $107.33 and a one year high of $159.92. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $13.07 billion, a PE ratio of -140.38, a PEG ratio of 2.01 and a beta of 0.21.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.21. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the firm posted $2.21 earnings per share. J. M. Smucker's revenue for the quarter was up .6% compared to the same quarter last year. Analysts expect that J. M. Smucker will post 9.6 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a dividend of $1.06 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.45%. J. M. Smucker's payout ratio is -481.81%.

Insider Transactions at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the business's stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the sale, the insider now owns 8,946 shares in the company, valued at $1,116,192.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.50% of the company's stock.

Institutional Investors Weigh In On J. M. Smucker

Large investors have recently modified their holdings of the business. Wolverine Asset Management LLC boosted its position in J. M. Smucker by 300.0% in the fourth quarter. Wolverine Asset Management LLC now owns 200 shares of the company's stock valued at $25,000 after buying an additional 150 shares during the last quarter. Advantage Trust Co purchased a new stake in J. M. Smucker in the 4th quarter worth approximately $25,000. West Tower Group LLC acquired a new position in shares of J. M. Smucker during the 4th quarter worth approximately $25,000. Intrepid Capital Management Inc. acquired a new position in shares of J. M. Smucker during the 2nd quarter worth approximately $26,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of J. M. Smucker during the 2nd quarter worth approximately $27,000. Hedge funds and other institutional investors own 81.66% of the company's stock.

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.