Brokerages Set The J. M. Smucker Company (NYSE:SJM) Target Price at $117.33

The J. M. Smucker Company (NYSE:SJM - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $117.33.

SJM has been the subject of several analyst reports. Wall Street Zen upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a report on Friday, March 28th. Barclays lowered their target price 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, June 11th. Royal Bank Of Canada began coverage on shares of J. M. Smucker in a research report on Monday, July 7th. They set an "outperform" rating and a $130.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of J. M. Smucker from $120.00 to $106.00 and set a "hold" rating on the stock in a research report on Wednesday, June 11th. Finally, Bank of America lowered 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 report on Wednesday, June 11th.

J. M. Smucker Price Performance

J. M. Smucker stock traded down $0.98 during trading on Monday, reaching $105.18. The company had a trading volume of 2,410,327 shares, compared to its average volume of 1,342,968. The firm's 50-day simple moving average is $105.38 and its 200 day simple moving average is $108.48. J. M. Smucker has a 1-year low of $93.30 and a 1-year high of $125.42. The firm has a market capitalization of $11.20 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 8.00 and a beta of 0.31. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.35 and a current ratio of 0.81.

J. M. Smucker (NYSE:SJM - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.25 by $0.06. J. M. Smucker had a positive return on equity of 15.20% and a negative net margin of 14.10%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the firm earned $2.66 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts anticipate that J. M. Smucker will post 9.88 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a $1.10 dividend. The ex-dividend date is Friday, August 15th. This is a positive change from J. M. Smucker's previous quarterly dividend of $1.08. This represents a $4.40 annualized dividend and a dividend yield of 4.18%. J. M. Smucker's payout ratio is currently -37.37%.

Insider Activity at J. M. Smucker

In other news, Director Tarang Amin bought 1,050 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average price of $96.09 per share, with a total value of $100,894.50. Following the purchase, the director owned 3,825 shares of the company's stock, valued at $367,544.25. This trade represents a 37.84% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 2.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SJM. Vanguard Group Inc. lifted its position in shares of J. M. Smucker by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 13,344,933 shares of the company's stock worth $1,469,544,000 after purchasing an additional 130,533 shares in the last quarter. FMR LLC boosted its stake in shares of J. M. Smucker by 11.3% during the 4th quarter. FMR LLC now owns 3,734,305 shares of the company's stock valued at $411,222,000 after buying an additional 380,309 shares during the last quarter. Invesco Ltd. boosted its stake in shares of J. M. Smucker by 8.6% during the 1st quarter. Invesco Ltd. now owns 2,623,254 shares of the company's stock valued at $310,620,000 after buying an additional 208,231 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of J. M. Smucker by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 2,609,952 shares of the company's stock valued at $286,664,000 after buying an additional 58,231 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of J. M. Smucker by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,257,127 shares of the company's stock valued at $267,252,000 after buying an additional 248,110 shares during the last quarter. Institutional investors and hedge funds 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.