StockNews.com Lowers J. M. Smucker (NYSE:SJM) to Sell

StockNews.com lowered shares of J. M. Smucker (NYSE:SJM) from a hold rating to a sell rating in a research report released on Saturday morning.

Other equities research analysts also recently issued reports about the company. DA Davidson reiterated a neutral rating and issued a $121.00 price target on shares of J. M. Smucker in a report on Thursday, August 29th. Argus reduced their price target on J. M. Smucker from $150.00 to $135.00 and set a buy rating on the stock in a report on Thursday, June 13th. Wells Fargo & Company reduced their price target on J. M. Smucker from $140.00 to $130.00 and set an overweight rating on the stock in a report on Thursday, August 29th. BNP Paribas upgraded J. M. Smucker to a strong sell rating in a report on Thursday, August 29th. Finally, TD Cowen reduced their price target on J. M. Smucker from $135.00 to $132.00 and set a buy rating on the stock in a report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $127.25.

J. M. Smucker Price Performance

NYSE:SJM opened at $119.71 on Friday. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 3.13 and a beta of 0.24. J. M. Smucker has a 1 year low of $105.69 and a 1 year high of $134.62. The business has a 50 day simple moving average of $118.19 and a 200-day simple moving average of $116.18. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.55 and a quick ratio of 0.25.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.27. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the company earned $2.21 EPS. Equities analysts forecast that J. M. Smucker will post 9.82 EPS for the current year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were issued a dividend of $1.08 per share. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Friday, August 16th. J. M. Smucker’s dividend payout ratio (DPR) is presently 60.67%.

Insider Buying and Selling at J. M. Smucker

In other J. M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $110.16, for a total transaction of $1,101,600.00. Following the sale, the chief executive officer now owns 78,757 shares of the company’s stock, valued at approximately $8,675,871.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.40% of the company’s stock.

Institutional Trading of J. M. Smucker

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Studio Investment Management LLC bought a new stake in J. M. Smucker during the 2nd quarter valued at $26,000. Cooksen Wealth LLC acquired a new stake in shares of J. M. Smucker in the 4th quarter worth $33,000. Quarry LP boosted its position in shares of J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after purchasing an additional 219 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of J. M. Smucker in the 2nd quarter worth $42,000. Finally, Principal Securities Inc. acquired a new stake in shares of J. M. Smucker in the 4th quarter worth $43,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Company Profile

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.