Barclays Reiterates “Hold” Rating for J M Smucker (SJM)
A number of other research analysts have also weighed in on the stock. Credit Suisse Group raised shares of J M Smucker to a hold rating and set a $94.00 target price for the company in a research report on Thursday, November 29th. Morgan Stanley cut their target price on shares of J M Smucker from $100.00 to $98.00 and set an underweight rating for the company in a research report on Thursday, November 29th. Jefferies Financial Group set a $125.00 target price on shares of J M Smucker and gave the stock a buy rating in a research report on Wednesday, November 28th. ValuEngine lowered shares of J M Smucker from a hold rating to a sell rating in a research report on Wednesday, November 28th. Finally, Zacks Investment Research raised shares of J M Smucker from a sell rating to a hold rating in a research report on Wednesday, November 21st. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $117.33.
J M Smucker stock opened at $102.24 on Friday. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 2.17 and a beta of 0.38. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 0.57. J M Smucker has a fifty-two week low of $96.13 and a fifty-two week high of $133.38.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Friday, November 16th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $3.40 annualized dividend and a dividend yield of 3.33%. J M Smucker’s payout ratio is 42.71%.
In other news, SVP Jeannette L. Knudsen sold 1,500 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $110.74, for a total transaction of $166,110.00. Following the transaction, the senior vice president now owns 26,224 shares in the company, valued at approximately $2,904,045.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.92% of the company’s stock.
Large investors have recently bought and sold shares of the company. Honkamp Krueger Financial Services Inc. bought a new position in shares of J M Smucker during the 3rd quarter worth about $103,000. Moody Aldrich Partners LLC bought a new stake in J M Smucker in the second quarter valued at about $115,111,000. CSat Investment Advisory L.P. bought a new stake in J M Smucker in the second quarter valued at about $122,000. Truvestments Capital LLC bought a new stake in J M Smucker in the third quarter valued at about $154,000. Finally, CWM LLC increased its stake in J M Smucker by 347.5% in the third quarter. CWM LLC now owns 1,763 shares of the company’s stock valued at $181,000 after acquiring an additional 1,369 shares during the period. Institutional investors own 79.44% of the company’s stock.
J M Smucker Company Profile
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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