J. M. Smucker (NYSE:SJM) Given New $125.00 Price Target at Barclays

J. M. Smucker (NYSE:SJM) had its price objective raised by Barclays from $105.00 to $125.00 in a research note released on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also issued research reports about the stock. TD Cowen lifted their target price on shares of J. M. Smucker from $105.00 to $112.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Citigroup reiterated a “hold” rating on shares of J. M. Smucker in a report on Wednesday, November 26th. Wall Street Zen raised J. M. Smucker from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company upped their target price on J. M. Smucker from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Stifel Nicolaus cut their price target on J. M. Smucker from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, November 26th. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $119.43.

J. M. Smucker Stock Down 1.1%

Shares of J. M. Smucker stock opened at $114.67 on Monday. J. M. Smucker has a 1 year low of $93.30 and a 1 year high of $121.48. The company has a market cap of $12.23 billion, a P/E ratio of -9.73, a P/E/G ratio of 7.06 and a beta of 0.22. 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 50-day moving average price of $104.41 and a 200 day moving average price of $105.35.

J. M. Smucker (NYSE:SJM) last issued its 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 company had revenue of $2.34 billion for the quarter, compared to the consensus estimate 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 firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 EPS. As a group, analysts expect 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. Stockholders of record on Friday, February 13th were given 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 3.8%. J. M. Smucker’s dividend payout ratio (DPR) is currently -37.32%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at about $25,000. AlphaQuest LLC bought a new stake in J. M. Smucker during the 2nd quarter valued at approximately $26,000. CYBER HORNET ETFs LLC acquired a new stake in J. M. Smucker in the 2nd quarter valued at approximately $27,000. Elevation Point Wealth Partners LLC bought a new position in J. M. Smucker in the 2nd quarter worth approximately $28,000. Finally, Root Financial Partners LLC acquired a new position in shares of J. M. Smucker during the third quarter worth approximately $29,000. 81.66% of the stock is currently 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.