TD Cowen Cuts J. M. Smucker (NYSE:SJM) Price Target to $140.00

J. M. Smucker (NYSE:SJM - Free Report) had its price target trimmed by TD Cowen from $150.00 to $140.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on SJM. JPMorgan Chase & Co. boosted their target price on J. M. Smucker from $126.00 to $128.00 and gave the stock a neutral rating in a report on Wednesday, February 28th. Wells Fargo & Company began coverage on J. M. Smucker in a research report on Tuesday, December 12th. They issued an overweight rating and a $140.00 target price for the company. DA Davidson began coverage on J. M. Smucker in a research note on Friday, March 1st. They issued a neutral rating and a $132.00 price target for the company. Stifel Nicolaus raised J. M. Smucker from a hold rating to a buy rating and set a $135.00 price target for the company in a research note on Wednesday, February 28th. Finally, Citigroup decreased their price target on J. M. Smucker from $153.00 to $152.00 and set a buy rating for the company in a research note on Wednesday, February 28th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, J. M. Smucker has a consensus rating of Hold and a consensus target price of $137.47.

J. M. Smucker Stock Performance

SJM stock traded down $3.83 during midday trading on Wednesday, hitting $113.54. The stock had a trading volume of 1,340,541 shares, compared to its average volume of 1,272,914. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of -129.02, a P/E/G ratio of 1.85 and a beta of 0.21. J. M. Smucker has a 52 week low of $107.33 and a 52 week high of $159.92. The stock has a 50-day simple moving average of $123.89 and a 200 day simple moving average of $121.30. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced 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. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.22 billion. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $2.21 earnings per share. As a group, equities research analysts anticipate that J. M. Smucker will post 9.6 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $1.06 dividend. The ex-dividend date was Thursday, February 15th. This represents a $4.24 annualized dividend and a yield of 3.73%. J. M. Smucker's payout ratio is currently -481.81%.

Insiders Place Their Bets

In other news, insider Jeannette L. Knudsen sold 3,200 shares of the firm's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total value of $399,264.00. Following the transaction, the insider now owns 8,946 shares in the company, valued at $1,116,192.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.50% of the company's stock.

Institutional Trading of J. M. Smucker

Hedge funds have recently bought and sold shares of the business. Fairfield Bush & CO. grew its position in shares of J. M. Smucker by 1.5% in the first quarter. Fairfield Bush & CO. now owns 30,551 shares of the company's stock valued at $4,137,000 after purchasing an additional 461 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in J. M. Smucker by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,499 shares of the company's stock valued at $1,963,000 after purchasing an additional 898 shares during the last quarter. Allianz Asset Management GmbH raised its position in J. M. Smucker by 1.7% during the 1st quarter. Allianz Asset Management GmbH now owns 339,555 shares of the company's stock valued at $45,980,000 after purchasing an additional 5,531 shares during the last quarter. National Pension Service raised its position in shares of J. M. Smucker by 1,012.2% in the 1st quarter. National Pension Service now owns 192,636 shares of the company's stock worth $26,085,000 after acquiring an additional 175,315 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of J. M. Smucker by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company's stock worth $1,722,666,000 after acquiring an additional 162,944 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

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.