J. M. Smucker (NYSE:SJM) PT Lowered to $136.00 at Citigroup

J. M. Smucker (NYSE:SJM) had its target price lowered by Citigroup from $138.00 to $136.00 in a report released on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on SJM. DA Davidson restated a neutral rating and set a $121.00 target price on shares of J. M. Smucker in a report on Thursday. StockNews.com raised shares of J. M. Smucker from a sell rating to a hold rating in a research note on Thursday. Argus decreased 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 research note on Thursday, June 13th. Barclays decreased their price objective on shares of J. M. Smucker from $132.00 to $123.00 and set an equal weight rating for the company in a research note on Monday, June 10th. Finally, TD Cowen decreased their price objective on shares of J. M. Smucker from $135.00 to $132.00 and set a buy rating for the company in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $127.25.

J. M. Smucker Price Performance

Shares of NYSE:SJM opened at $114.68 on Thursday. The firm’s 50 day moving average is $116.04 and its two-hundred day moving average is $116.55. J. M. Smucker has a 52 week low of $105.69 and a 52 week high of $146.29. The firm has a market capitalization of $12.20 billion, a P/E ratio of 16.11, a PEG ratio of 2.32 and a beta of 0.25. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.17 by $0.27. J. M. Smucker had a net margin of 8.77% and a return on equity of 14.22%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business earned $2.21 earnings per share. J. M. Smucker’s revenue was up 17.7% compared to the same quarter last year. Analysts anticipate that J. M. Smucker will post 9.84 earnings per share for the current year.

J. M. Smucker Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.77%. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.06. J. M. Smucker’s dividend payout ratio (DPR) is 60.67%.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Advantage Trust Co bought a new position in J. M. Smucker in the 4th quarter worth $25,000. Studio Investment Management LLC acquired a new stake in J. M. Smucker in the 2nd quarter worth $26,000. Cooksen Wealth LLC acquired a new stake in J. M. Smucker in the 4th quarter worth $33,000. Venturi Wealth Management LLC acquired a new stake in J. M. Smucker in the 1st quarter worth $35,000. Finally, Quarry LP grew its position in 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 during the last quarter. 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.