Analysts Set The J. M. Smucker Company (NYSE:SJM) Target Price at $115.73

The J. M. Smucker Company (NYSE:SJM) has been assigned an average rating of “Hold” from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $115.73.

SJM has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on The J. M. Smucker from $114.00 to $106.00 and set an “underweight” rating on the stock in a research note on Wednesday, September 16th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $110.00 price target on shares of The J. M. Smucker in a research note on Monday, July 13th. Credit Suisse Group increased their price objective on shares of The J. M. Smucker from $120.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of The J. M. Smucker from $121.00 to $127.00 and gave the company a “hold” rating in a research report on Wednesday, August 26th. Finally, Barclays reiterated a “hold” rating and set a $125.00 price target on shares of The J. M. Smucker in a research report on Thursday, August 27th.

In other news, insider Jeannette L. Knudsen sold 3,000 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $119.98, for a total transaction of $359,940.00. Following the sale, the insider now directly owns 23,837 shares in the company, valued at $2,859,963.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark R. Belgya sold 4,103 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $121.46, for a total value of $498,350.38. Following the completion of the transaction, the insider now directly owns 17,630 shares of the company’s stock, valued at approximately $2,141,339.80. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Two Sigma Advisers LP lifted its stake in shares of The J. M. Smucker by 962.9% in the 2nd quarter. Two Sigma Advisers LP now owns 702,600 shares of the company’s stock valued at $74,342,000 after purchasing an additional 636,500 shares during the period. Nordea Investment Management AB grew its position in shares of The J. M. Smucker by 147.5% during the 2nd quarter. Nordea Investment Management AB now owns 726,930 shares of the company’s stock worth $76,328,000 after buying an additional 433,246 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of The J. M. Smucker by 119.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 607,419 shares of the company’s stock valued at $64,269,000 after acquiring an additional 331,009 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of The J. M. Smucker during the 2nd quarter valued at $30,976,000. Finally, APG Asset Management N.V. bought a new position in The J. M. Smucker during the first quarter worth $26,599,000. 80.53% of the stock is currently owned by hedge funds and other institutional investors.

SJM traded down $0.86 during trading on Friday, hitting $114.68. The stock had a trading volume of 6,904 shares, compared to its average volume of 998,657. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.96 and a quick ratio of 0.48. The company has a 50 day moving average price of $114.90 and a 200-day moving average price of $112.42. The J. M. Smucker has a one year low of $91.88 and a one year high of $125.62. The firm has a market cap of $13.18 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 6.16 and a beta of 0.24.

The J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, August 25th. The company reported $2.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.70. The J. M. Smucker had a net margin of 10.78% and a return on equity of 13.28%. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the business posted $1.57 earnings per share. The J. M. Smucker’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, sell-side analysts predict that The J. M. Smucker will post 8.67 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.14%. The J. M. Smucker’s payout ratio is 41.10%.

The J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets food and beverage products worldwide. It operates in four segments: U.S. Retail Pet Foods, U.S. Retail Coffee, U.S. Retail Consumer Foods, and International and Away From Home. The company offers pet food and snacks; mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches and snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, portion control products, juices and beverages, and baking mixes and ingredients.

Recommended Story: What does a neutral rating on stocks mean?

Analyst Recommendations for The J. M. Smucker (NYSE:SJM)

Receive News & Ratings for The J. M. Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The J. M. Smucker and related companies with MarketBeat.com's FREE daily email newsletter.