UBS Group Issues Pessimistic Forecast for J. M. Smucker (NYSE:SJM) Stock Price

J. M. Smucker (NYSE:SJM - Get Free Report) had its target price cut by stock analysts at UBS Group from $134.00 to $129.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price target would indicate a potential upside of 16.62% from the company's previous close.

Several other equities research analysts also recently issued reports on SJM. Morgan Stanley initiated coverage on J. M. Smucker in a report on Monday, March 24th. They issued an "overweight" rating and a $123.00 price objective on the stock. Citigroup dropped their target price on J. M. Smucker from $129.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, May 19th. DA Davidson cut 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. 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. Finally, Barclays cut their target price on shares of J. M. Smucker from $123.00 to $119.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, J. M. Smucker presently has a consensus rating of "Hold" and an average price target of $125.30.

J. M. Smucker Trading Down 0.4%

SJM stock traded down $0.42 during mid-day trading on Friday, hitting $110.62. 1,532,504 shares of the company were exchanged, compared to its average volume of 1,141,383. J. M. Smucker has a 12-month low of $98.77 and a 12-month high of $125.42. The firm has a market capitalization of $11.77 billion, a P/E ratio of 22.39, a PEG ratio of 3.91 and a beta of 0.35. The business has a fifty day simple moving average of $113.88 and a 200-day simple moving average of $111.24. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89.

Insider Activity

In related news, insider Jill R. Penrose sold 5,117 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares of the company's stock, valued at $1,022,390.44. This represents a 36.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Tucker H. Marshall sold 5,028 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the completion of the transaction, the chief financial officer now owns 13,263 shares in the company, valued at $1,503,493.68. This represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

Institutional Trading of J. M. Smucker

Institutional investors have recently modified their holdings of the stock. Capital Advisors Ltd. LLC raised its stake in J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company's stock worth $25,000 after acquiring an additional 151 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in J. M. Smucker by 87.0% in the first quarter. Tortoise Investment Management LLC now owns 215 shares of the company's stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of J. M. Smucker during the fourth quarter worth about $27,000. Kentucky Trust Co acquired a new stake in shares of J. M. Smucker during the fourth quarter worth about $28,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of J. M. Smucker during the fourth quarter worth about $28,000. Hedge funds and other 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.