1 week Ago By ABMN Staff
J. M. Smucker ( NYSE:SJM – Get Free Report ) was downgraded by StockNews.
com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday. SJM has been the topic of a number of other reports. BNP Paribas raised J.
M. Smucker to a “strong sell” rating in a research report on Thursday, August 29th. DA Davidson restated a “neutral” rating and set a $121.
00 price objective on shares of J. M. Smucker in a report on Thursday, August 29th.
Argus cut their target price on J. M. Smucker from $150.
00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. Bank of America decreased their price target on shares of J.
M. Smucker from $130.00 to $122.
00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Finally, Citigroup cut their price target on shares of J. M.
Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, August 29th.
Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $127.25.
Check Out Our Latest Stock Analysis on J. M. Smucker J.
M. Smucker Stock Performance J. M.
Smucker ( NYSE:SJM – Get Free Report ) last posted its earnings results on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.
17 by $0.27. The business had revenue of $2.
13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. J.
M. Smucker had a net margin of 8.77% and a return on equity of 14.
22%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year.
During the same period in the previous year, the company posted $2.21 earnings per share. As a group, sell-side analysts expect that J.
M. Smucker will post 9.82 EPS for the current fiscal year.
Insider Transactions at J. M. Smucker In other J.
M. Smucker news, CEO Mark T. Smucker sold 10,000 shares of J.
M. Smucker stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $110.
16, for a total value of $1,101,600.00. Following the completion of the transaction, the chief executive officer now directly owns 78,757 shares in the company, valued at $8,675,871.
12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Insiders own 3.
40% of the company’s stock. Institutional Investors Weigh In On J. M.
Smucker Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its holdings in shares of J. M.
Smucker by 298.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 20,270 shares of the company’s stock valued at $2,562,000 after buying an additional 15,182 shares during the last quarter.
California State Teachers Retirement System raised its stake in J. M. Smucker by 5.
5% during the 4th quarter. California State Teachers Retirement System now owns 170,552 shares of the company’s stock valued at $21,554,000 after acquiring an additional 8,960 shares in the last quarter. Vanguard Group Inc.
boosted its position in J. M. Smucker by 4.
0% during the 4th quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock worth $1,702,515,000 after acquiring an additional 518,433 shares during the period.
AMF Tjanstepension AB acquired a new position in J. M. Smucker during the 1st quarter worth $23,990,000.
Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of J.
M. Smucker in the fourth quarter worth $14,198,000. 81.
66% of the stock is currently owned by institutional investors. J. M.
Smucker Company Profile ( Get Free Report ) 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. Featured Articles Receive News & Ratings for J.
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