J. M. Smucker (NYSE:SJM) Price Target Cut to $106.00 by Analysts at Stifel Nicolaus

J. M. Smucker (NYSE:SJM - Free Report) had its price objective cut by Stifel Nicolaus from $120.00 to $106.00 in a report published on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

SJM has been the subject of a number of other research reports. Wall Street Zen raised shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Bank of America cut their target price on shares of J. M. Smucker from $118.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday. DA Davidson decreased their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Barclays cut their price objective on shares of J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $124.00 target price (up from $123.00) on shares of J. M. Smucker in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $117.55.

J. M. Smucker Stock Performance

Shares of SJM traded up $1.44 during midday trading on Wednesday, reaching $97.31. 3,783,852 shares of the stock were exchanged, compared to its average volume of 1,225,480. The stock's 50 day simple moving average is $112.89 and its 200 day simple moving average is $110.99. The company has a market cap of $10.36 billion, a P/E ratio of 19.70, a PEG ratio of 3.91 and a beta of 0.35. J. M. Smucker has a twelve month low of $93.93 and a twelve month high of $125.42. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted 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. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the company earned $2.66 EPS. The company's revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts expect that J. M. Smucker will post 9.88 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were issued a $1.08 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 4.44%. J. M. Smucker's payout ratio is currently -179.25%.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the transaction, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. This trade represents a 36.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio purchased a new stake in J. M. Smucker in the first quarter worth $2,243,000. Advisors Capital Management LLC boosted its position in shares of J. M. Smucker by 7.4% during the first quarter. Advisors Capital Management LLC now owns 254,483 shares of the company's stock valued at $30,133,000 after buying an additional 17,539 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in J. M. Smucker by 14.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,378 shares of the company's stock worth $163,000 after purchasing an additional 179 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in J. M. Smucker during the first quarter valued at $47,000. Finally, Anchor Investment Management LLC lifted its stake in shares of J. M. Smucker by 3.7% in the 1st quarter. Anchor Investment Management LLC now owns 17,037 shares of the company's stock worth $2,017,000 after purchasing an additional 607 shares during the period. 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.