J.M. Smucker Co. (SJM) Upgraded to Neutral at Hilliard Lyons
A number of other equities analysts have also recently issued reports on SJM. Citigroup Inc. reiterated a buy rating on shares of J.M. Smucker in a research note on Thursday, August 25th. Credit Suisse Group AG reiterated a buy rating and issued a $158.00 price target on shares of J.M. Smucker in a research note on Wednesday, August 24th. Deutsche Bank AG reiterated a buy rating and issued a $143.00 price target (up previously from $137.00) on shares of J.M. Smucker in a research note on Friday, June 3rd. Zacks Investment Research cut shares of J.M. Smucker from a buy rating to a hold rating in a research note on Wednesday, August 10th. Finally, Jefferies Group cut shares of J.M. Smucker from a buy rating to a hold rating and upped their price target for the stock from $140.00 to $143.00 in a research note on Friday, June 10th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. J.M. Smucker presently has an average rating of Hold and an average price target of $148.10.
Shares of J.M. Smucker (NYSE:SJM) traded down 0.74% during trading on Thursday, reaching $136.85. 47,621 shares of the company’s stock were exchanged. J.M. Smucker has a 12 month low of $106.87 and a 12 month high of $157.31. The stock has a 50-day moving average price of $144.65 and a 200 day moving average price of $138.64. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 22.50 and a beta of 0.47.
J.M. Smucker (NYSE:SJM) last announced its earnings results on Tuesday, August 23rd. The company reported $1.86 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.12. J.M. Smucker had a net margin of 9.41% and a return on equity of 11.76%. The firm had revenue of $1.82 billion for the quarter. During the same quarter last year, the firm posted $1.32 EPS. The business’s quarterly revenue was down 7.0% on a year-over-year basis. On average, analysts forecast that J.M. Smucker will post $7.69 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.18%. This is a boost from J.M. Smucker’s previous quarterly dividend of $0.67. The ex-dividend date was Wednesday, August 10th. J.M. Smucker’s payout ratio is presently 49.26%.
Institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in J.M. Smucker by 3.5% in the first quarter. Legal & General Group Plc now owns 481,815 shares of the company’s stock worth $62,559,000 after buying an additional 16,215 shares during the period. Fundsmith LLP raised its position in J.M. Smucker by 68.3% in the second quarter. Fundsmith LLP now owns 3,450,789 shares of the company’s stock worth $525,935,000 after buying an additional 1,399,810 shares during the period. Renaissance Technologies LLC raised its position in J.M. Smucker by 127.6% in the first quarter. Renaissance Technologies LLC now owns 330,303 shares of the company’s stock worth $42,887,000 after buying an additional 185,200 shares during the period. Ownership Capital B.V. raised its position in J.M. Smucker by 15.0% in the second quarter. Ownership Capital B.V. now owns 364,387 shares of the company’s stock worth $55,536,000 after buying an additional 47,638 shares during the period. Finally, AMP Capital Investors Ltd raised its position in J.M. Smucker by 44.7% in the first quarter. AMP Capital Investors Ltd now owns 45,471 shares of the company’s stock worth $5,919,000 after buying an additional 14,045 shares during the period. 75.66% of the stock is currently owned by institutional investors.
About J.M. Smucker
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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