1 week Ago By Defense World Staff
The J. M. Smucker Company ( NYSE:SJM – Get Free Report ) has been given a consensus rating of “Hold” by the ten brokerages that are presently covering the company, Marketbeat reports.
One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $128.56.
Several research firms recently commented on SJM. StockNews.com upgraded shares of J.
M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. Stifel Nicolaus cut J.
M. Smucker from a “buy” rating to a “hold” rating and dropped their target price for the company from $135.00 to $125.
00 in a research report on Friday, October 25th. Barclays reduced their price target on J. M.
Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Wednesday, December 4th.
Finally, Wells Fargo & Company raised their price objective on J. M. Smucker from $130.
00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Check Out Our Latest Research Report on SJM J.
M. Smucker Stock Up 0.2 % J.
M. Smucker ( NYSE:SJM – Get Free Report ) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $2.
76 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.25.
J. M. Smucker had a return on equity of 14.
35% and a net margin of 5.96%. The company had revenue of $2.
27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. J.
M. Smucker’s quarterly revenue was up 17.2% on a year-over-year basis.
During the same period last year, the business earned $2.59 earnings per share. As a group, equities research analysts anticipate that J.
M. Smucker will post 9.89 EPS for the current year.
J. M. Smucker Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd.
Investors of record on Friday, November 15th were given a dividend of $1.08 per share. This represents a $4.
32 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Friday, November 15th.
J. M. Smucker’s payout ratio is 87.
45%. Insider Activity at J. M.
Smucker In other J. M. Smucker news, CFO Tucker H.
Marshall sold 994 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.
00. Following the completion of the sale, the chief financial officer now owns 18,734 shares in the company, valued at approximately $2,116,942. This represents a 5.
04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . 3.
40% of the stock is owned by corporate insiders. Institutional Investors Weigh In On J. M.
Smucker A number of large investors have recently made changes to their positions in the stock. Studio Investment Management LLC purchased a new stake in shares of J. M.
Smucker in the second quarter valued at about $26,000. Venturi Wealth Management LLC boosted its holdings in J. M.
Smucker by 1,329.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after purchasing an additional 226 shares during the last quarter.
Catalyst Capital Advisors LLC purchased a new stake in shares of J. M. Smucker in the 3rd quarter valued at approximately $39,000.
Quarry LP increased its holdings in shares of J. M. Smucker by 212.
6% during the 2nd quarter. Quarry LP now owns 322 shares of the company’s stock worth $35,000 after buying an additional 219 shares during the last quarter. Finally, Eastern Bank purchased a new stake in shares of J.
M. Smucker during the 3rd quarter valued at approximately $40,000. 81.
66% of the stock is currently owned by hedge funds and other 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 Five stocks we like better than J.
M. Smucker Are These Liquid Natural Gas Stocks Ready For An Upside Bounce? Work and Play: Investing in the Rise of Bleisure Travel How to Invest in Blue Chip Stocks Top Dividend Stocks to Buy Now as Bond Yields Could Lower What is Put Option Volume? SAP: AI Tailwinds Accelerating Enterprise Cloud Business Receive News & Ratings for J. M.
Smucker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J. M. Smucker and related companies with MarketBeat.
com's FREE daily email newsletter ..
