Brokerages Set J M Smucker Co (NYSE:SJM) Target Price at $115.73

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J M Smucker Co (NYSE:SJM) has earned a consensus rating of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $115.73.

SJM has been the subject of several research reports. Guggenheim upgraded shares of J M Smucker from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $97.00 to $117.00 in a research note on Tuesday, August 25th. Sanford C. Bernstein downgraded shares of J M Smucker from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $105.00 to $93.00 in a research note on Thursday, June 11th. Credit Suisse Group boosted their price target on shares of J M Smucker from $120.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 26th. Stifel Nicolaus boosted their price target on shares of J M Smucker from $110.00 to $115.00 and gave the stock a “hold” rating in a research note on Friday, June 5th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $110.00 price target on shares of J M Smucker in a research note on Monday, July 13th.

In related news, insider Mark R. Belgya sold 750 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $110.00, for a total value of $82,500.00. Following the completion of the sale, the insider now directly owns 35,047 shares of the company’s stock, valued at $3,855,170. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeannette L. Knudsen sold 3,000 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $119.98, for a total transaction of $359,940.00. Following the completion of the sale, the insider now directly owns 23,837 shares of the company’s stock, valued at $2,859,963.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,353 shares of company stock valued at $1,105,790. Insiders own 3.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in SJM. Enterprise Financial Services Corp raised its holdings in shares of J M Smucker by 153.8% in the first quarter. Enterprise Financial Services Corp now owns 297 shares of the company’s stock valued at $33,000 after buying an additional 180 shares during the last quarter. NuWave Investment Management LLC purchased a new stake in shares of J M Smucker in the second quarter valued at about $55,000. AIA Investment Management Private Ltd raised its holdings in shares of J M Smucker by 24.4% in the first quarter. AIA Investment Management Private Ltd now owns 571 shares of the company’s stock valued at $63,000 after buying an additional 112 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of J M Smucker by 32.3% in the second quarter. Orion Portfolio Solutions LLC now owns 610 shares of the company’s stock valued at $65,000 after buying an additional 149 shares during the last quarter. Finally, Ellevest Inc. raised its holdings in shares of J M Smucker by 413.1% in the second quarter. Ellevest Inc. now owns 626 shares of the company’s stock valued at $66,000 after buying an additional 504 shares during the last quarter. 80.53% of the stock is owned by hedge funds and other institutional investors.

NYSE SJM traded up $0.47 on Monday, reaching $116.47. The stock had a trading volume of 512,781 shares, compared to its average volume of 1,027,614. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 6.05 and a beta of 0.23. The company has a quick ratio of 0.48, a current ratio of 0.96 and a debt-to-equity ratio of 0.56. J M Smucker has a 12-month low of $91.88 and a 12-month high of $125.62. The stock has a fifty day moving average price of $114.40 and a two-hundred day moving average price of $111.36.

J M Smucker (NYSE:SJM) last announced its earnings results on Tuesday, August 25th. The company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.70. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.81 billion. J M Smucker had a return on equity of 13.28% and a net margin of 10.78%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.57 earnings per share. Sell-side analysts forecast that J M Smucker will post 8.67 earnings per share for the current fiscal year.

About J M Smucker

The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.

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Analyst Recommendations for J M Smucker (NYSE:SJM)

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