J. M. Smucker (NYSE:SJM) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of J. M. Smucker (NYSE:SJM) from a sell rating to a hold rating in a research report sent to investors on Monday.

Several other research analysts have also issued reports on the stock. Barclays cut their target price on shares of J. M. Smucker from $123.00 to $121.00 and set an equal weight rating on the stock in a research note on Friday, August 30th. Bank of America reduced their price target on shares of J. M. Smucker from $130.00 to $122.00 and set a neutral rating for the company in a research report on Thursday, August 29th. TD Cowen lowered their price objective on shares of J. M. Smucker from $135.00 to $132.00 and set a buy rating on the stock in a report on Thursday, August 29th. Argus reduced their price objective on shares of J. M. Smucker from $150.00 to $135.00 and set a buy rating for the company in a report on Thursday, June 13th. Finally, Citigroup lowered their target price on shares of J. M. Smucker from $138.00 to $136.00 and set a buy rating on the stock in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $127.25.

J. M. Smucker Stock Down 1.6 %

J. M. Smucker stock opened at $117.28 on Monday. J. M. Smucker has a twelve month low of $105.69 and a twelve month high of $134.62. The company’s 50-day moving average price is $119.20 and its two-hundred day moving average price is $116.07. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. The stock has a market cap of $12.45 billion, a P/E ratio of 16.44, a P/E/G ratio of 3.21 and a beta of 0.24.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.27. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.21 EPS. As a group, analysts expect that J. M. Smucker will post 9.82 EPS for the current year.

J. M. Smucker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, August 16th. This is an increase from J. M. Smucker’s previous quarterly dividend of $1.06. This represents a $4.32 dividend on an annualized basis and a yield of 3.68%. J. M. Smucker’s dividend payout ratio is 60.67%.

Institutional Investors Weigh In On J. M. Smucker

Hedge funds and other institutional investors have recently made changes to their positions in the company. Studio Investment Management LLC bought a new position in J. M. Smucker in the 2nd quarter valued at $26,000. Cooksen Wealth LLC bought a new stake in J. M. Smucker during the 4th quarter valued at about $33,000. Quarry LP boosted its position in J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock valued at $35,000 after buying an additional 219 shares during the period. Rothschild Investment LLC bought a new position in J. M. Smucker in the 2nd quarter worth about $42,000. Finally, Central Valley Advisors LLC purchased a new position in shares of J. M. Smucker during the second quarter worth approximately $45,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

About J. M. Smucker

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.