J M Smucker Co (NYSE:SJM) has been assigned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $114.00.
A number of equities analysts recently commented on SJM shares. Bank of America decreased their price target on J M Smucker from $128.00 to $122.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th. ValuEngine upgraded J M Smucker from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 10th. TheStreet downgraded J M Smucker from a “b-” rating to a “c+” rating in a research note on Tuesday, August 6th. Guggenheim decreased their price target on J M Smucker from $99.00 to $93.00 and set a “sell” rating for the company in a research note on Wednesday, August 28th. Finally, Credit Suisse Group decreased their price target on J M Smucker from $120.00 to $114.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd.
Shares of J M Smucker stock traded up $1.06 during trading hours on Monday, hitting $108.61. 14,598 shares of the company’s stock traded hands, compared to its average volume of 594,628. The stock has a 50 day simple moving average of $106.91 and a 200-day simple moving average of $116.05. The company has a quick ratio of 0.26, a current ratio of 0.70 and a debt-to-equity ratio of 0.60. The company has a market cap of $12.19 billion, a PE ratio of 13.10, a PEG ratio of 3.44 and a beta of 0.43. J M Smucker has a twelve month low of $91.32 and a twelve month high of $128.43.
J M Smucker (NYSE:SJM) last announced its earnings results on Tuesday, August 27th. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.17). The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.88 billion. J M Smucker had a net margin of 6.95% and a return on equity of 11.49%. The firm’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 earnings per share. As a group, equities research analysts predict that J M Smucker will post 8.37 EPS for the current year.
In other J M Smucker news, CEO Mark T. Smucker sold 2,200 shares of J M Smucker stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $113.28, for a total value of $249,216.00. Following the completion of the transaction, the chief executive officer now directly owns 140,975 shares in the company, valued at $15,969,648. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark R. Belgya sold 750 shares of J M Smucker stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $110.00, for a total value of $82,500.00. Following the completion of the transaction, the chief financial officer now owns 53,442 shares of the company’s stock, valued at $5,878,620. The disclosure for this sale can be found here. Insiders sold 4,937 shares of company stock valued at $554,775 over the last quarter. Insiders own 3.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of SJM. GYL Financial Synergies LLC acquired a new position in J M Smucker in the first quarter valued at approximately $626,000. Mission Wealth Management LP bought a new stake in shares of J M Smucker during the first quarter valued at approximately $228,000. Homrich & Berg raised its holdings in shares of J M Smucker by 82.8% during the first quarter. Homrich & Berg now owns 8,606 shares of the company’s stock valued at $1,003,000 after buying an additional 3,899 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of J M Smucker by 19.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 39,543 shares of the company’s stock valued at $4,607,000 after buying an additional 6,313 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in shares of J M Smucker during the first quarter valued at approximately $302,000. Institutional investors own 77.46% of the company’s stock.
J M Smucker Company Profile
The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.
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