2 weeks Ago By Defense World Staff
J. M. Smucker ( NYSE:SJM – Get Free Report ) was upgraded by equities research analysts at StockNews.
com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday. SJM has been the subject of several other reports. Argus lowered their price objective on J.
M. Smucker from $150.00 to $135.
00 and set a “buy” rating for the company in a research report on Thursday, June 13th. Citigroup lowered their price objective on J. M.
Smucker from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, August 29th.
TD Cowen lowered their price objective on J. M. Smucker from $135.
00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. DA Davidson restated a “neutral” rating and set a $121.
00 price target on shares of J. M. Smucker in a research note on Thursday, August 29th.
Finally, Wells Fargo & Company decreased their price target on J. M. Smucker from $140.
00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company.
Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $127.25. Check Out Our Latest Stock Analysis on J.
M. Smucker J. M.
Smucker Price Performance J. M. Smucker ( NYSE:SJM – Get Free Report ) last posted its quarterly earnings data on Wednesday, August 28th.
The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.17 by $0.
27. The company had revenue of $2.13 billion during 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%.
J. M. Smucker’s quarterly revenue was up 17.
7% on a year-over-year basis. During the same period in the previous year, the business earned $2.21 EPS.
As a group, equities research analysts anticipate that J. M. Smucker will post 9.
82 EPS for the current fiscal year. Institutional Investors Weigh In On J. M.
Smucker Hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Partners purchased a new stake in shares of J. M.
Smucker in the 1st quarter valued at approximately $364,990,000. Point72 Asset Management L.P.
raised its holdings in shares of J. M. Smucker by 21,858.
1% in the 4th quarter. Point72 Asset Management L.P.
now owns 680,700 shares of the company’s stock worth $86,027,000 after buying an additional 677,600 shares in the last quarter. Bank of Montreal Can increased its position in shares of J. M.
Smucker by 186.3% during the 2nd quarter. Bank of Montreal Can now owns 805,029 shares of the company’s stock worth $90,195,000 after purchasing an additional 523,803 shares in the last quarter.
Vanguard Group Inc. grew 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 last quarter. Finally, Ariel Investments LLC grew its stake in shares of J. M.
Smucker by 56.0% during the second quarter. Ariel Investments LLC now owns 1,354,999 shares of the company’s stock valued at $147,749,000 after purchasing an additional 486,624 shares during the last quarter.
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.
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