The J. M. Smucker Company (NYSE:SJM) Given Consensus Recommendation of "Hold" by Analysts

Shares of The J. M. Smucker Company (NYSE:SJM - Get Free Report) have been assigned an average recommendation of "Hold" from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $115.80.

Several research firms have issued reports on SJM. DA Davidson decreased their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Stifel Nicolaus reduced their price objective on shares of J. M. Smucker from $120.00 to $106.00 and set a "hold" rating on the stock in a research note on Wednesday, June 11th. Barclays lowered their target price on shares of J. M. Smucker from $119.00 to $105.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 11th. Wall Street Zen raised J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Friday, March 28th. Finally, Citigroup decreased their price objective on J. M. Smucker from $128.00 to $118.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th.

J. M. Smucker Price Performance

Shares of J. M. Smucker stock traded down $0.05 during trading on Thursday, hitting $96.09. 334,730 shares of the company were exchanged, compared to its average volume of 1,262,567. J. M. Smucker has a fifty-two week low of $93.30 and a fifty-two week high of $125.42. The company has a quick ratio of 0.35, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average price of $108.88 and a 200 day moving average price of $109.38. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of -8.31, a P/E/G ratio of 7.33 and a beta of 0.35.

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

J. M. Smucker Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.50%. J. M. Smucker's dividend payout ratio (DPR) is -37.37%.

Insider Activity

In other J. M. Smucker news, Director Tarang Amin bought 1,050 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were acquired at an average price of $96.09 per share, with a total value of $100,894.50. Following the purchase, the director now owns 3,825 shares in the company, valued at approximately $367,544.25. The trade was a 37.84% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.40% of the company's stock.

Institutional Trading of J. M. Smucker

A number of institutional investors have recently added to or reduced their stakes in SJM. Tortoise Investment Management LLC lifted its stake in shares of J. M. Smucker by 87.0% during the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of J. M. Smucker during the 4th quarter valued at about $27,000. Minot DeBlois Advisors LLC acquired a new position in J. M. Smucker during the 4th quarter worth approximately $28,000. Measured Risk Portfolios Inc. purchased a new position in J. M. Smucker in the 4th quarter worth approximately $29,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in J. M. Smucker in the first quarter valued at approximately $30,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

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.