Shares of J M Smucker Co (NYSE:SJM) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $114.00.
SJM has been the subject of a number of analyst reports. ValuEngine cut shares of J M Smucker from a “hold” rating to a “sell” rating in a research note on Thursday, June 4th. Stifel Nicolaus boosted their price target on J M Smucker from $110.00 to $115.00 and gave the company a “hold” rating in a research note on Friday, June 5th. Deutsche Bank increased their price objective on J M Smucker from $110.00 to $124.00 and gave the stock a “hold” rating in a research note on Tuesday, April 21st. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their price objective on J M Smucker from $108.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Finally, Guggenheim lowered their target price on shares of J M Smucker from $98.00 to $96.00 and set a “sell” rating on the stock in a report on Thursday, May 28th.
SJM stock traded down $2.73 during midday trading on Friday, hitting $103.01. The stock had a trading volume of 1,585,456 shares, compared to its average volume of 1,223,249. J M Smucker has a 52 week low of $91.88 and a 52 week high of $125.62. The company has a current ratio of 1.24, a quick ratio of 0.68 and a debt-to-equity ratio of 0.67. The stock has a 50-day simple moving average of $110.70 and a 200 day simple moving average of $108.88. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 5.95 and a beta of 0.16.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, May 14th. J M Smucker’s dividend payout ratio is currently 40.18%.
In other news, insider Mark R. Belgya sold 7,807 shares of J M Smucker stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $108.74, for a total transaction of $848,933.18. Following the transaction, the insider now owns 43,604 shares in the company, valued at approximately $4,741,498.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark R. Belgya sold 750 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $110.00, for a total value of $82,500.00. Following the completion of the transaction, the chief financial officer now owns 48,942 shares of the company’s stock, valued at $5,383,620. The disclosure for this sale can be found here. Insiders sold 10,057 shares of company stock valued at $1,101,773 in the last ninety days. Insiders own 3.70% of the company’s stock.
A number of hedge funds have recently made changes to their positions in SJM. BlackRock Inc. boosted its holdings in shares of J M Smucker by 2.4% in the first quarter. BlackRock Inc. now owns 9,937,204 shares of the company’s stock valued at $1,103,030,000 after buying an additional 237,548 shares during the period. State Street Corp increased its holdings in J M Smucker by 0.7% during the 1st quarter. State Street Corp now owns 8,317,734 shares of the company’s stock worth $923,268,000 after purchasing an additional 57,567 shares in the last quarter. LSV Asset Management raised its stake in shares of J M Smucker by 1.9% in the 4th quarter. LSV Asset Management now owns 4,156,371 shares of the company’s stock valued at $432,802,000 after purchasing an additional 75,896 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of J M Smucker by 18.4% in the first quarter. Wells Fargo & Company MN now owns 2,064,468 shares of the company’s stock valued at $229,157,000 after purchasing an additional 320,925 shares in the last quarter. Finally, Champlain Investment Partners LLC lifted its holdings in shares of J M Smucker by 3.5% in the first quarter. Champlain Investment Partners LLC now owns 1,946,215 shares of the company’s stock valued at $216,030,000 after purchasing an additional 66,115 shares in the last quarter. Hedge funds and other institutional investors own 77.91% of the company’s stock.
J M Smucker Company Profile
The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.
Further Reading: Technical Analysis
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