J. M. Smucker (NYSE:SJM) Given New $128.00 Price Target at UBS Group

J. M. Smucker (NYSE:SJMGet Rating) had its target price lifted by UBS Group to $128.00 in a report issued on Monday morning, Stock Target Advisor reports.

Several other research analysts have also commented on SJM. Bank of America upgraded shares of J. M. Smucker from a neutral rating to a buy rating and boosted their price objective for the stock from $145.00 to $155.00 in a research note on Wednesday, August 17th. The Goldman Sachs Group boosted their price objective on shares of J. M. Smucker from $111.00 to $125.00 and gave the stock a sell rating in a research note on Monday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of J. M. Smucker from $143.00 to $145.00 and gave the stock a hold rating in a research note on Monday, November 14th. Credit Suisse Group upped their price target on shares of J. M. Smucker from $140.00 to $145.00 and gave the company a neutral rating in a research note on Wednesday, August 24th. Finally, Exane BNP Paribas assumed coverage on shares of J. M. Smucker in a research note on Tuesday, November 15th. They set an underperform rating on the stock. Six analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $141.50.

J. M. Smucker Price Performance

Shares of SJM opened at $149.47 on Monday. The company has a 50 day moving average price of $143.62 and a 200-day moving average price of $136.64. J. M. Smucker has a fifty-two week low of $119.82 and a fifty-two week high of $152.16. The stock has a market capitalization of $15.93 billion, a PE ratio of 28.04, a PEG ratio of 5.22 and a beta of 0.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.45 and a current ratio of 1.09.

J. M. Smucker (NYSE:SJMGet Rating) last announced its quarterly earnings results on Monday, November 21st. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.21. J. M. Smucker had a net margin of 7.01% and a return on equity of 11.31%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the company earned $2.43 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that J. M. Smucker will post 8.68 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, November 9th. J. M. Smucker’s dividend payout ratio (DPR) is currently 76.55%.

Insider Activity

In other news, insider Jill R. Penrose sold 4,543 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $140.83, for a total value of $639,790.69. Following the sale, the insider now directly owns 9,106 shares of the company’s stock, valued at approximately $1,282,397.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.90% of the company’s stock.

Institutional Trading of J. M. Smucker

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in J. M. Smucker by 1.3% during the first quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock worth $1,722,666,000 after buying an additional 162,944 shares in the last quarter. Invesco Ltd. boosted its holdings in J. M. Smucker by 8.3% during the first quarter. Invesco Ltd. now owns 1,820,578 shares of the company’s stock worth $246,525,000 after buying an additional 139,158 shares in the last quarter. Legal & General Group Plc boosted its holdings in J. M. Smucker by 2.9% during the second quarter. Legal & General Group Plc now owns 1,249,462 shares of the company’s stock worth $159,944,000 after buying an additional 35,382 shares in the last quarter. Coho Partners Ltd. boosted its holdings in J. M. Smucker by 5.4% during the third quarter. Coho Partners Ltd. now owns 1,090,279 shares of the company’s stock worth $149,815,000 after buying an additional 56,100 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in J. M. Smucker by 7.5% during the second quarter. Renaissance Technologies LLC now owns 1,025,776 shares of the company’s stock worth $131,310,000 after buying an additional 71,800 shares in the last quarter. 79.56% of the stock is owned by hedge funds and other institutional investors.

About J. M. Smucker

(Get Rating)

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, shortening and oils, and 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.

Further Reading

Analyst Recommendations for J. M. Smucker (NYSE:SJM)

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