J M Smucker Co (SJM) Receives $118.73 Consensus PT from Brokerages

Shares of J M Smucker Co (NYSE:SJM) have been assigned an average recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $118.73.

A number of research firms have weighed in on SJM. Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Credit Suisse Group set a $95.00 target price on shares of J M Smucker and gave the stock a “sell” rating in a research note on Friday, September 21st. Wolfe Research cut shares of J M Smucker from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, September 26th. ValuEngine cut shares of J M Smucker from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 23rd. Finally, Bank of America reaffirmed a “neutral” rating and set a $106.00 target price on shares of J M Smucker in a research note on Wednesday, October 3rd.

Shares of NYSE:SJM opened at $108.32 on Monday. The company has a market capitalization of $12.47 billion, a P/E ratio of 13.32, a PEG ratio of 2.05 and a beta of 0.53. The company has a current ratio of 1.17, a quick ratio of 0.51 and a debt-to-equity ratio of 0.78. J M Smucker has a 1 year low of $96.13 and a 1 year high of $133.38.

J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Tuesday, August 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.02. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.95 billion. J M Smucker had a net margin of 17.91% and a return on equity of 12.20%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. As a group, equities analysts predict that J M Smucker will post 8.4 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 16th will be paid a $0.85 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.40 annualized dividend and a dividend yield of 3.14%. J M Smucker’s dividend payout ratio is 42.71%.

In related news, SVP Jeannette L. Knudsen sold 1,500 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $110.74, for a total value of $166,110.00. Following the sale, the senior vice president now owns 26,224 shares of the company’s stock, valued at $2,904,045.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.92% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont lifted its holdings in J M Smucker by 6.5% in the second quarter. Trust Co. of Vermont now owns 7,908 shares of the company’s stock valued at $850,000 after buying an additional 486 shares during the period. Dana Investment Advisors Inc. lifted its holdings in J M Smucker by 11.9% in the second quarter. Dana Investment Advisors Inc. now owns 4,575 shares of the company’s stock valued at $492,000 after buying an additional 488 shares during the period. Middleton & Co Inc MA lifted its holdings in J M Smucker by 1.6% in the second quarter. Middleton & Co Inc MA now owns 30,952 shares of the company’s stock valued at $3,327,000 after buying an additional 494 shares during the period. Amalgamated Bank lifted its holdings in J M Smucker by 3.7% in the second quarter. Amalgamated Bank now owns 14,214 shares of the company’s stock valued at $1,528,000 after buying an additional 501 shares during the period. Finally, Sumitomo Life Insurance Co. lifted its holdings in J M Smucker by 4.5% in the second quarter. Sumitomo Life Insurance Co. now owns 11,880 shares of the company’s stock valued at $1,277,000 after buying an additional 510 shares during the period. 82.61% of the stock is currently owned by institutional investors.

About J M Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

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Analyst Recommendations for J M Smucker (NYSE:SJM)

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