Deutsche Bank Aktiengesellschaft Cuts J. M. Smucker (NYSE:SJM) Price Target to $97.00

J. M. Smucker (NYSE:SJM) had its target price decreased by Deutsche Bank Aktiengesellschaft from $117.00 to $97.00 in a research report released on Monday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

A number of other research analysts have also issued reports on the stock. Morgan Stanley restated an “equal weight” rating and set a $105.00 price target (down from $115.00) on shares of J. M. Smucker in a research note on Friday, January 16th. TD Cowen dropped their price objective on shares of J. M. Smucker from $124.00 to $113.00 and set a “hold” rating on the stock in a report on Thursday, March 19th. Canaccord Genuity Group raised J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. Wall Street Zen cut J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, JPMorgan Chase & Co. boosted their price target on J. M. Smucker from $121.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $119.60.

J. M. Smucker Trading Down 0.8%

J. M. Smucker stock opened at $95.63 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84. The stock has a market cap of $10.20 billion, a PE ratio of -8.11, a price-to-earnings-growth ratio of 4.19 and a beta of 0.27. The stock has a 50-day moving average of $105.88 and a two-hundred day moving average of $104.18. J. M. Smucker has a one year low of $93.30 and a one year high of $120.76.

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

J. M. Smucker Announces Dividend

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

Institutional Trading of J. M. Smucker

Several institutional investors have recently bought and sold shares of SJM. Sankala Group LLC acquired a new position in J. M. Smucker during the fourth quarter worth $46,000. Tobam increased its stake in shares of J. M. Smucker by 43.8% during the fourth quarter. Tobam now owns 14,727 shares of the company’s stock worth $1,440,000 after purchasing an additional 4,489 shares in the last quarter. MidFirst Bank acquired a new position in shares of J. M. Smucker during the 4th quarter worth about $297,000. Cambient Family Office LLC purchased a new position in J. M. Smucker in the 4th quarter valued at about $355,000. Finally, Invesco Ltd. boosted its holdings in J. M. Smucker by 5.8% in the 4th quarter. Invesco Ltd. now owns 2,783,272 shares of the company’s stock worth $272,232,000 after buying an additional 151,872 shares during the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Company Profile

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.