J.M. Smucker Company (The) (NYSE:SJM)‘s stock had its “sell” rating reiterated by analysts at Morgan Stanley in a research report issued to clients and investors on Friday. They presently have a $108.00 price objective on the stock, down from their prior price objective of $114.00. Morgan Stanley’s price target indicates a potential upside of 2.71% from the stock’s previous close.

Several other equities analysts have also weighed in on SJM. BidaskClub upgraded shares of J.M. Smucker Company (The) from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Susquehanna Bancshares Inc set a $131.00 target price on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a report on Wednesday, August 23rd. Credit Suisse Group set a $110.00 target price on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a report on Friday. J P Morgan Chase & Co lowered shares of J.M. Smucker Company (The) from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $135.00 to $116.00 in a report on Thursday. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $131.00 target price (down from $135.00) on shares of J.M. Smucker Company (The) in a report on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $126.73.

J.M. Smucker Company (NYSE:SJM) traded up 0.02% during trading on Friday, hitting $105.17. The stock had a trading volume of 1,269,850 shares. The company has a 50-day moving average price of $119.18 and a 200-day moving average price of $127.41. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 22.10 and a beta of 0.62. J.M. Smucker Company has a 52-week low of $104.15 and a 52-week high of $143.68.

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

TRADEMARK VIOLATION WARNING: This article was first reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.watchlistnews.com/morgan-stanley-lowers-j-m-smucker-company-the-sjm-price-target-to-108-00/1526148.html.

In related news, insider Steven Oakland sold 6,047 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $122.00, for a total transaction of $737,734.00. Following the sale, the insider now directly owns 47,667 shares of the company’s stock, valued at approximately $5,815,374. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sandra Pianalto bought 250 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The shares were acquired at an average cost of $120.61 per share, for a total transaction of $30,152.50. Following the completion of the purchase, the director now owns 250 shares in the company, valued at $30,152.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 16,030 shares of company stock worth $1,948,195. Company insiders own 3.50% of the company’s stock.

A number of large investors have recently made changes to their positions in SJM. Hall Laurie J Trustee increased its stake in shares of J.M. Smucker Company (The) by 63.6% in the second quarter. Hall Laurie J Trustee now owns 4,864 shares of the company’s stock valued at $576,000 after buying an additional 1,890 shares during the last quarter. WFG Advisors LP increased its stake in shares of J.M. Smucker Company (The) by 10.3% in the second quarter. WFG Advisors LP now owns 7,234 shares of the company’s stock valued at $856,000 after buying an additional 676 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of J.M. Smucker Company (The) by 25.5% in the second quarter. Toronto Dominion Bank now owns 39,460 shares of the company’s stock valued at $4,667,000 after buying an additional 8,023 shares during the last quarter. Archford Capital Strategies LLC increased its stake in shares of J.M. Smucker Company (The) by 464,033.3% in the second quarter. Archford Capital Strategies LLC now owns 13,924 shares of the company’s stock valued at $702,000 after buying an additional 13,921 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of J.M. Smucker Company (The) during the second quarter valued at $698,000. 73.54% of the stock is currently owned by hedge funds and other 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.