J M Smucker Co (SJM) Upgraded by Hilliard Lyons to “Neutral”
J M Smucker Co (NYSE:SJM) was upgraded by Hilliard Lyons from an “underperform” rating to a “neutral” rating in a research note issued to investors on Thursday.
Several other equities research analysts have also commented on SJM. KeyCorp started coverage on shares of J M Smucker in a research report on Wednesday, May 25th. They issued a “sector weight” rating on the stock. Morgan Stanley boosted their target price on shares of J M Smucker from $128.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, June 3rd. Deutsche Bank AG reissued a “buy” rating and issued a $143.00 target price (up previously from $137.00) on shares of J M Smucker in a research note on Friday, June 3rd. Zacks Investment Research downgraded shares of J M Smucker from a “buy” rating to a “hold” rating in a research note on Monday, June 6th. Finally, Susquehanna reissued a “hold” rating and issued a $136.00 target price on shares of J M Smucker in a research note on Wednesday, June 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $148.10.
J M Smucker (NYSE:SJM) traded up 0.84% on Thursday, hitting $137.47. 60,511 shares of the stock traded hands. J M Smucker has a 12-month low of $106.87 and a 12-month high of $157.31. The firm’s 50-day moving average price is $145.07 and its 200-day moving average price is $138.64. The stock has a market cap of $16.00 billion, a price-to-earnings ratio of 22.60 and a beta of 0.47.
J M Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, August 23rd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.74 by $0.12. J M Smucker had a net margin of 9.41% and a return on equity of 11.76%. The business had revenue of $1.82 billion for the quarter. During the same quarter in the prior year, the firm earned $1.32 earnings per share. J M Smucker’s quarterly revenue was down 7.0% on a year-over-year basis. On average, equities research analysts anticipate that J M Smucker will post $7.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Wednesday, August 10th. This is an increase from J M Smucker’s previous quarterly dividend of $0.67. J M Smucker’s dividend payout ratio is 49.26%.
In related news, Director David J. West sold 865 shares of the stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $145.65, for a total transaction of $125,987.25. Following the completion of the sale, the director now owns 206,790 shares of the company’s stock, valued at approximately $30,118,963.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in J M Smucker by 104.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,532,054 shares of the company’s stock worth $538,319,000 after buying an additional 1,806,455 shares during the period. Fundsmith LLP boosted its position in J M Smucker by 68.3% in the second quarter. Fundsmith LLP now owns 3,450,789 shares of the company’s stock worth $525,935,000 after buying an additional 1,399,810 shares in the last quarter. Norges Bank acquired a new position in J M Smucker during the fourth quarter valued at approximately $108,629,000. Vanguard Group Inc. boosted its position in J M Smucker by 3.4% in the second quarter. Vanguard Group Inc. now owns 11,223,633 shares of the company’s stock valued at $1,710,593,000 after buying an additional 366,506 shares during the period. Finally, FMR LLC boosted its position in J M Smucker by 19.3% in the second quarter. FMR LLC now owns 1,593,958 shares of the company’s stock valued at $242,935,000 after buying an additional 258,266 shares during the period. 75.66% of the stock is owned by hedge funds and other institutional investors.
J M Smucker Company Profile
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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