J. M. Smucker (NYSE:SJM) Sets New 1-Year Low – Here’s Why

The J. M. Smucker Company (NYSE:SJM)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $104.83 and last traded at $104.89, with a volume of 114548 shares traded. The stock had previously closed at $107.47.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their price target on J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Stifel Nicolaus downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the company from $135.00 to $125.00 in a research note on Friday, October 25th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Monday, September 30th. Barclays cut their price objective 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. Finally, TD Cowen lowered shares of J. M. Smucker from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $121.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, J. M. Smucker presently has a consensus rating of “Hold” and an average target price of $127.33.

J. M. Smucker Stock Performance

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 firm has a market cap of $10.79 billion, a PE ratio of 20.53, a P/E/G ratio of 3.46 and a beta of 0.28. The stock’s 50 day moving average price is $112.88 and its 200 day moving average price is $115.70.

J. M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.51 by $0.25. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the business posted $2.59 EPS. The company’s revenue was up 17.2% on a year-over-year basis. As a group, equities analysts forecast that The J. M. Smucker Company will post 9.89 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, November 15th. This represents a $4.32 annualized dividend and a yield of 4.26%. J. M. Smucker’s dividend payout ratio is presently 87.45%.

Insider Activity

In other J. M. Smucker news, CFO Tucker H. Marshall sold 994 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total transaction of $112,322.00. Following the completion of the transaction, the chief financial officer now directly owns 18,734 shares of the company’s stock, valued at $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On J. M. Smucker

A number of institutional investors have recently modified their holdings of SJM. Private Advisor Group LLC grew its stake in shares of J. M. Smucker by 24.0% in the second quarter. Private Advisor Group LLC now owns 13,443 shares of the company’s stock worth $1,452,000 after purchasing an additional 2,598 shares in the last quarter. Acadian Asset Management LLC raised its position in J. M. Smucker by 342.8% during the second quarter. Acadian Asset Management LLC now owns 4,468 shares of the company’s stock valued at $485,000 after buying an additional 3,459 shares during the period. Caprock Group LLC increased its holdings in shares of J. M. Smucker by 6.7% in the 2nd quarter. Caprock Group LLC now owns 3,934 shares of the company’s stock valued at $429,000 after purchasing an additional 246 shares during the period. Quest Partners LLC boosted its stake in shares of J. M. Smucker by 2,347.1% during the 2nd quarter. Quest Partners LLC now owns 416 shares of the company’s stock valued at $45,000 after buying an additional 399 shares during the period. Finally, PFG Investments LLC grew its stake in J. M. Smucker by 5.9% in the second quarter. PFG Investments LLC now owns 1,959 shares of the company’s stock valued at $214,000 after purchasing an additional 109 shares in 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.