Jefferies Group LLC Analysts Give J.M. Smucker Company (The) (SJM) a $135.00 Price Target

Jefferies Group LLC set a $135.00 price target on J.M. Smucker Company (The) (NYSE:SJM) in a research note published on Saturday. The firm currently has a buy rating on the stock. Jefferies Group also issued estimates for J.M. Smucker Company (The)’s Q4 2018 earnings at $2.20 EPS, Q3 2019 earnings at $2.28 EPS and Q1 2020 earnings at $1.95 EPS.

Several other research analysts have also weighed in on the stock. Citigroup Inc. lowered their price objective on shares of J.M. Smucker Company (The) from $155.00 to $133.00 and set a buy rating on the stock in a research note on Friday, August 25th. Morgan Stanley reiterated a sell rating and issued a $108.00 price target (down previously from $114.00) on shares of J.M. Smucker Company (The) in a research note on Friday, August 25th. Zacks Investment Research upgraded shares of J.M. Smucker Company (The) from a sell rating to a hold rating in a research note on Wednesday, October 25th. BidaskClub lowered shares of J.M. Smucker Company (The) from a sell rating to a strong sell rating in a research note on Saturday, August 26th. Finally, J P Morgan Chase & Co lowered shares of J.M. Smucker Company (The) from an overweight rating to a neutral rating and decreased their price target for the company from $135.00 to $116.00 in a research note on Thursday, August 24th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $125.17.

J.M. Smucker Company (SJM) opened at $114.01 on Friday. The firm has a market cap of $12,980.00, a PE ratio of 15.58, a PEG ratio of 2.22 and a beta of 0.62. J.M. Smucker Company has a 52 week low of $99.57 and a 52 week high of $143.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.96.

J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings data on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.12. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. J.M. Smucker Company (The) had a net margin of 7.72% and a return on equity of 11.98%. J.M. Smucker Company (The)’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 EPS. research analysts predict that J.M. Smucker Company will post 7.79 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Thursday, November 9th. J.M. Smucker Company (The)’s dividend payout ratio is currently 63.03%.

In other J.M. Smucker Company (The) news, insider Richard K. Smucker acquired 10,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was purchased at an average price of $105.40 per share, with a total value of $1,054,000.00. Following the acquisition, the insider now directly owns 652,168 shares of the company’s stock, valued at approximately $68,738,507.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary A. Oatey acquired 1,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was acquired at an average cost of $107.30 per share, with a total value of $107,300.00. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Truepoint Inc. lifted its holdings in shares of J.M. Smucker Company (The) by 9,203.5% during the 3rd quarter. Truepoint Inc. now owns 281,989 shares of the company’s stock worth $282,000 after acquiring an additional 278,958 shares during the period. Americafirst Capital Management LLC bought a new stake in shares of J.M. Smucker Company (The) during the 3rd quarter worth approximately $373,000. Cypress Capital Group bought a new stake in shares of J.M. Smucker Company (The) during the 3rd quarter worth approximately $474,000. IFM Investors Pty Ltd bought a new stake in shares of J.M. Smucker Company (The) during the 3rd quarter worth approximately $389,000. Finally, Sterling Capital Management LLC lifted its holdings in shares of J.M. Smucker Company (The) by 127.0% during the 3rd quarter. Sterling Capital Management LLC now owns 6,413 shares of the company’s stock worth $673,000 after acquiring an additional 3,588 shares during the period. 77.30% of the stock is owned by institutional investors.

About J.M. Smucker Company (The)

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

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

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