Stifel Nicolaus Cuts J. M. Smucker (NYSE:SJM) Price Target to $100.00

J. M. Smucker (NYSE:SJM) had its price target cut by Stifel Nicolaus from $120.00 to $100.00 in a research report released on Tuesday, MarketBeat Ratings reports. They currently have a hold rating on the stock.

SJM has been the topic of several other research reports. Wells Fargo & Company reduced their price objective on shares of J. M. Smucker from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. TD Cowen cut their price target on shares of J. M. Smucker from $124.00 to $113.00 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Wall Street Zen cut shares of J. M. Smucker from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Canaccord Genuity Group raised shares of J. M. Smucker to a “buy” rating in a research report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, January 21st. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $117.25.

J. M. Smucker Stock Performance

Shares of J. M. Smucker stock opened at $96.13 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. J. M. Smucker has a twelve month low of $88.25 and a twelve month high of $119.39. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of -8.15, a P/E/G ratio of 4.12 and a beta of 0.27. The company’s fifty day moving average is $101.93 and its 200 day moving average is $102.71.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, February 26th. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.11. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the firm posted $2.61 earnings per share. J. M. Smucker’s revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side analysts forecast that J. M. Smucker will post 9.05 EPS for the current year.

J. M. Smucker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.6%. J. M. Smucker’s dividend payout ratio is -37.32%.

Institutional Trading of J. M. Smucker

Institutional investors have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC bought a new stake in J. M. Smucker during the fourth quarter valued at $25,000. CYBER HORNET ETFs LLC acquired a new position in shares of J. M. Smucker during the second quarter valued at about $27,000. Root Financial Partners LLC acquired a new position in shares of J. M. Smucker during the third quarter valued at about $29,000. MCF Advisors LLC raised its holdings in shares of J. M. Smucker by 68.1% during the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after purchasing an additional 126 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in shares of J. M. Smucker during the second quarter valued at about $31,000. Institutional investors own 81.66% of the company’s stock.

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.