The J. M. Smucker Company (NYSE:SJM) Receives $125.70 Average Price Target from Brokerages

The J. M. Smucker Company (NYSE:SJM) has earned an average rating of “Hold” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $125.30.

A number of equities research analysts recently commented on SJM shares. Wall Street Zen raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. Jefferies Financial Group reaffirmed a “hold” rating on shares of J. M. Smucker in a report on Wednesday, May 28th. Citigroup lowered their price target on shares of J. M. Smucker from $129.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, May 19th. DA Davidson lowered their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Finally, Barclays lowered their price target on shares of J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd.

J. M. Smucker Price Performance

J. M. Smucker stock opened at $110.62 on Friday. J. M. Smucker has a 52 week low of $98.77 and a 52 week high of $125.42. The company’s 50 day moving average price is $113.88 and its two-hundred day moving average price is $111.24. The company has a quick ratio of 0.27, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The stock has a market cap of $11.77 billion, a P/E ratio of 22.39, a P/E/G ratio of 3.91 and a beta of 0.35.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.91%. J. M. Smucker’s payout ratio is -179.25%.

Insider Buying and Selling at J. M. Smucker

In other news, insider Jill R. Penrose sold 5,117 shares of the business’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the transaction, the insider now directly owns 8,794 shares in the company, valued at $1,022,390.44. The trade was a 36.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares of the company’s stock, valued at $1,503,493.68. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Capital Advisors Ltd. LLC grew its position in shares of J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after purchasing an additional 151 shares in the last quarter. Tortoise Investment Management LLC grew its position in shares of J. M. Smucker by 87.0% during the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of J. M. Smucker during the 4th quarter valued at $27,000. Kentucky Trust Co purchased a new position in shares of J. M. Smucker during the 4th quarter valued at $28,000. Finally, Minot DeBlois Advisors LLC purchased a new position in shares of J. M. Smucker during the 4th quarter valued at $28,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Company Profile

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.