J. M. Smucker (NYSE:SJM) Downgraded to “Hold” Rating by TD Cowen

J. M. Smucker (NYSE:SJM) was downgraded by investment analysts at TD Cowen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. They presently have a $121.00 price objective on the stock. TD Cowen’s price objective points to a potential upside of 12.51% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Barclays decreased their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. StockNews.com upgraded J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday, September 30th. Stifel Nicolaus cut J. M. Smucker from a “buy” rating to a “hold” rating and lowered their target price for the stock from $135.00 to $125.00 in a research note on Friday, October 25th. Finally, Wells Fargo & Company increased their price target on J. M. Smucker from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $127.33.

J. M. Smucker Price Performance

SJM stock opened at $107.55 on Wednesday. The business’s fifty day moving average price is $113.21 and its 200 day moving average price is $115.84. J. M. Smucker has a 12-month low of $105.69 and a 12-month high of $134.62. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $11.45 billion, a PE ratio of 21.77, a P/E/G ratio of 3.46 and a beta of 0.28.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the firm earned $2.59 earnings per share. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, sell-side analysts anticipate that J. M. Smucker will post 9.89 EPS for the current year.

Insider Buying and Selling at J. M. Smucker

In other news, CFO Tucker H. Marshall sold 994 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On J. M. Smucker

Several large investors have recently bought and sold shares of the stock. Studio Investment Management LLC acquired a new stake in shares of J. M. Smucker during the second quarter worth about $26,000. Venturi Wealth Management LLC grew its stake in J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock worth $29,000 after buying an additional 226 shares during the last quarter. Quarry LP increased its position in J. M. Smucker by 212.6% during the second quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after buying an additional 219 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in J. M. Smucker in the third quarter valued at approximately $39,000. Finally, Eastern Bank acquired a new stake in shares of J. M. Smucker in the third quarter valued at approximately $40,000. Institutional investors and hedge funds 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.