Susquehanna Bancshares Inc upgraded shares of J.M. Smucker Company (The) (NYSE:SJM) from a neutral rating to a positive rating in a report published on Monday. They currently have $127.00 price target on the stock, up from their previous price target of $110.00.

A number of other brokerages also recently weighed in on SJM. Stephens downgraded shares of J.M. Smucker Company (The) from an overweight rating to an equal weight rating and lowered their target price for the stock from $165.00 to $125.00 in a research note on Wednesday, July 19th. Morgan Stanley reissued an underweight rating and set a $114.00 target price (down previously from $126.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of J.M. Smucker Company (The) from a sell rating to a hold rating in a research note on Thursday, September 14th. BidaskClub raised shares of J.M. Smucker Company (The) from a strong sell rating to a sell rating in a research note on Saturday, August 12th. Finally, Jefferies Group LLC set a $130.00 target price on shares of J.M. Smucker Company (The) and gave the stock a buy rating in a research note on Monday, October 30th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $125.27.

Shares of J.M. Smucker Company (SJM) traded up $2.37 during trading hours on Monday, hitting $106.49. 1,515,300 shares of the stock were exchanged, compared to its average volume of 1,101,375. The firm has a market capitalization of $12,290.00, a price-to-earnings ratio of 14.15, a PEG ratio of 2.04 and a beta of 0.62. The company has a current ratio of 0.97, a quick ratio of 0.41 and a debt-to-equity ratio of 0.64. J.M. Smucker Company has a 52 week low of $99.57 and a 52 week high of $143.68.

J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings results on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.10). The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.81 billion. J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. J.M. Smucker Company (The)’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 EPS. research analysts anticipate that J.M. Smucker Company will post 7.75 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “J.M. Smucker Company (The) (SJM) Upgraded by Susquehanna Bancshares Inc to Positive” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.watchlistnews.com/j-m-smucker-company-the-sjm-upgraded-by-susquehanna-bancshares-inc-to-positive/1703280.html.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, November 9th. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is currently 65.68%.

In other J.M. Smucker Company (The) news, Director Gary A. Oatey bought 1,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was bought at an average cost of $107.30 per share, with a total value of $107,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard K. Smucker bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average cost of $105.40 per share, with a total value of $1,054,000.00. Following the completion of the transaction, the insider now owns 652,168 shares of the company’s stock, valued at $68,738,507.20. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.

Several large investors have recently bought and sold shares of SJM. Schroder Investment Management Group increased its position in shares of J.M. Smucker Company (The) by 7,253.2% during the second quarter. Schroder Investment Management Group now owns 1,166,740 shares of the company’s stock worth $137,699,000 after acquiring an additional 1,150,873 shares in the last quarter. BlackRock Inc. increased its position in shares of J.M. Smucker Company (The) by 7.6% during the second quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock worth $965,814,000 after acquiring an additional 578,984 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of J.M. Smucker Company (The) during the second quarter worth about $495,000. Renaissance Technologies LLC bought a new stake in shares of J.M. Smucker Company (The) during the second quarter worth about $54,456,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of J.M. Smucker Company (The) by 251.1% during the second quarter. Parametric Portfolio Associates LLC now owns 642,552 shares of the company’s stock worth $76,033,000 after acquiring an additional 459,528 shares in the last quarter. 73.29% of the stock is owned by institutional investors.

J.M. Smucker Company (The) 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.

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

Receive News & Ratings for J.M. Smucker Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.M. Smucker Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.