Somewhat Favorable Press Coverage Somewhat Unlikely to Impact J.M. Smucker Company (The) (SJM) Stock Price
News stories about J.M. Smucker Company (The) (NYSE:SJM) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. J.M. Smucker Company (The) earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.5088682933307 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Symons Capital Management Inc Buys Nordstrom Inc, JM Smucker Co, TJX Inc, Sells Entergy Corp, AT&T Inc, Nike Inc – GuruFocus.com (gurufocus.com)
- The J. M. Smucker Co. – Value Analysis (NYSE:SJM) : November 3, 2017 (finance.yahoo.com)
- Smucker Expands Number of Brands Participating in Team USA Partnership; Announces Partner Athletes – Markets Insider (markets.businessinsider.com)
- The J. M. Smucker Co. breached its 50 day moving average in a Bearish Manner : SJM-US : November 2, 2017 (finance.yahoo.com)
- Smucker Expands Number of Brands Participating in Team USA Partnership; Announces Partner Athletes – PR Newswire (press release) (prnewswire.com)
Several brokerages have weighed in on SJM. Jefferies Group LLC set a $130.00 price objective on J.M. Smucker Company (The) and gave the company a “buy” rating in a report on Monday, October 30th. Zacks Investment Research raised J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Morgan Stanley set a $106.00 price objective on J.M. Smucker Company (The) and gave the company a “sell” rating in a report on Friday, October 13th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of J.M. Smucker Company (The) in a report on Wednesday, October 4th. Finally, BidaskClub lowered J.M. Smucker Company (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Four 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. J.M. Smucker Company (The) has an average rating of “Hold” and a consensus price target of $125.64.
J.M. Smucker Company (SJM) traded down $3.00 during trading hours on Friday, hitting $102.22. The company’s stock had a trading volume of 811,190 shares, compared to its average volume of 1,136,718. The stock has a market cap of $11,713.98, a PE ratio of 14.01, a P/E/G ratio of 2.02 and a beta of 0.62. The company has a quick ratio of 0.41, a current ratio of 0.97 and a debt-to-equity ratio of 0.64.
J.M. Smucker Company (The) (NYSE:SJM) last posted its earnings results on Thursday, August 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.10). J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company earned $1.86 EPS. The company’s revenue was down 3.7% on a year-over-year basis. research analysts expect that J.M. Smucker Company will post 7.75 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a $0.78 dividend. The ex-dividend date is Thursday, November 9th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.05%. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is presently 65.55%.
In other J.M. Smucker Company (The) news, Director Gary A. Oatey acquired 1,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average price of $107.30 per share, for a total transaction of $107,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard K. Smucker acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $105.40 per share, for a total transaction of $1,054,000.00. Following the transaction, the insider now directly owns 652,168 shares of the company’s stock, valued at approximately $68,738,507.20. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company’s stock.
About J.M. Smucker Company (The)
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.
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.