Analysts Set The J. M. Smucker Company (NYSE:SJM) PT at $121.21

The J. M. Smucker Company (NYSE:SJM) has received a consensus rating of “Hold” from the nineteen analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $119.60.

Several equities analysts recently issued reports on the stock. Sanford C. Bernstein raised shares of J. M. Smucker from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $121.00 to $145.00 in a report on Wednesday, March 11th. Morgan Stanley reissued an “equal weight” rating and issued a $105.00 target price (down from $115.00) on shares of J. M. Smucker in a report on Friday, January 16th. Canaccord Genuity Group raised J. M. Smucker to a “buy” rating in a report on Friday, January 16th. Barclays increased their target price on J. M. Smucker from $105.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, January 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC bought a new stake in shares of J. M. Smucker during the fourth quarter worth $25,000. CYBER HORNET ETFs LLC acquired a new stake in J. M. Smucker in the second quarter worth about $27,000. Elevation Point Wealth Partners LLC bought a new stake in J. M. Smucker during the 2nd quarter worth about $28,000. Root Financial Partners LLC acquired a new position in J. M. Smucker during the 3rd quarter valued at about $29,000. Finally, MCF Advisors LLC boosted its stake in shares of J. M. Smucker by 68.1% in the 4th quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after purchasing an additional 126 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors.

J. M. Smucker Trading Down 0.2%

Shares of SJM opened at $95.08 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.35 and a debt-to-equity ratio of 1.31. The stock has a market cap of $10.14 billion, a PE ratio of -8.06, a PEG ratio of 3.97 and a beta of 0.22. J. M. Smucker has a 1 year low of $93.30 and a 1 year high of $120.76. The stock has a 50 day simple moving average of $106.15 and a 200-day simple moving average of $104.32.

J. M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.11. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.32 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.61 earnings per share. On average, sell-side analysts predict that J. M. Smucker will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.6%. J. M. Smucker’s dividend payout ratio (DPR) is currently -37.32%.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.