J. M. Smucker (NYSE:SJM) Cut to “Hold” at Stifel Nicolaus

J. M. Smucker (NYSE:SJM) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Friday, Briefing.com reports. They currently have a $125.00 price objective on the stock, down from their prior price objective of $135.00. Stifel Nicolaus’ price objective points to a potential upside of 6.80% from the company’s current price.

Other research analysts have also issued reports about the company. BNP Paribas upgraded J. M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. Barclays reduced their target price on J. M. Smucker from $123.00 to $121.00 and set an “equal weight” rating on the stock in a report on Friday, August 30th. StockNews.com upgraded shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Citigroup decreased their price objective on shares of J. M. Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Wells Fargo & Company lowered their target price on shares of J. M. Smucker from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $126.42.

J. M. Smucker Trading Down 0.6 %

SJM opened at $117.04 on Friday. J. M. Smucker has a 1-year low of $105.69 and a 1-year high of $134.62. The stock has a market capitalization of $12.45 billion, a PE ratio of 16.55, a PEG ratio of 3.12 and a beta of 0.24. The company has a current ratio of 0.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $119.04 and a two-hundred day moving average price of $115.59.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.27. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.21 earnings per share. As a group, equities analysts anticipate that J. M. Smucker will post 9.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On J. M. Smucker

Hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. increased its position in shares of J. M. Smucker by 6,703.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 159,873 shares of the company’s stock worth $17,433,000 after purchasing an additional 157,523 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of J. M. Smucker by 62.0% during the 1st quarter. Cetera Investment Advisers now owns 24,174 shares of the company’s stock worth $3,043,000 after acquiring an additional 9,250 shares during the last quarter. Swedbank AB raised its stake in J. M. Smucker by 14.1% in the 2nd quarter. Swedbank AB now owns 127,618 shares of the company’s stock valued at $13,915,000 after acquiring an additional 15,792 shares during the period. Westwood Holdings Group Inc. boosted its position in J. M. Smucker by 25.7% during the first quarter. Westwood Holdings Group Inc. now owns 56,816 shares of the company’s stock worth $7,151,000 after purchasing an additional 11,622 shares during the period. Finally, UniSuper Management Pty Ltd increased its holdings in shares of J. M. Smucker by 553.9% in the first quarter. UniSuper Management Pty Ltd now owns 8,874 shares of the company’s stock valued at $1,117,000 after purchasing an additional 7,517 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.