J.M. Smucker Co. (NYSE:SJM) had its price objective cut by Jefferies Group from $135.00 to $125.00 in a report released on Wednesday. The firm presently has a “hold” rating on the stock. Jefferies Group’s price objective suggests a potential downside of 0.75% from the company’s previous close.

A number of other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of J.M. Smucker from a “sell” rating to a “hold” rating in a research note on Wednesday, November 16th. Deutsche Bank AG restated a “buy” rating and issued a $162.00 price objective (up from $150.00) on shares of J.M. Smucker in a research note on Monday, November 14th. Credit Suisse Group AG set a $134.00 price objective on shares of J.M. Smucker and gave the company a “hold” rating in a research note on Friday, November 18th. Morgan Stanley restated a “hold” rating and issued a $142.00 price objective on shares of J.M. Smucker in a research note on Wednesday, August 24th. Finally, Susquehanna restated a “hold” rating and issued a $139.00 price objective on shares of J.M. Smucker in a research note on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. J.M. Smucker has a consensus rating of “Hold” and an average target price of $143.60.

Analyst Recommendations for J.M. Smucker (NYSE:SJM)

Shares of J.M. Smucker (NYSE:SJM) traded down 1.04% on Wednesday, reaching $125.95. 1,238,270 shares of the company were exchanged. J.M. Smucker has a 52-week low of $117.36 and a 52-week high of $157.31. The company has a market capitalization of $14.66 billion, a P/E ratio of 20.54 and a beta of 0.56. The stock has a 50 day moving average of $129.95 and a 200-day moving average of $139.67.

J.M. Smucker (NYSE:SJM) last announced its quarterly earnings results on Thursday, November 17th. The company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.12. J.M. Smucker had a net margin of 9.63% and a return on equity of 12.41%. The firm earned $1.91 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the company earned $1.62 earnings per share. J.M. Smucker’s quarterly revenue was down 7.9% compared to the same quarter last year. On average, analysts predict that J.M. Smucker will post $7.69 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 11th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, November 8th. This represents a $3.00 annualized dividend and a yield of 2.38%. J.M. Smucker’s payout ratio is currently 48.86%.

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A number of hedge funds and other institutional investors have recently modified their holdings of SJM. Ownership Capital B.V. increased its stake in shares of J.M. Smucker by 15.0% in the second quarter. Ownership Capital B.V. now owns 364,387 shares of the company’s stock valued at $55,536,000 after buying an additional 47,638 shares during the period. Fundsmith LLP increased its stake in shares of J.M. Smucker by 68.3% in the second quarter. Fundsmith LLP now owns 3,450,789 shares of the company’s stock valued at $525,935,000 after buying an additional 1,399,810 shares during the period. Columbus Circle Investors increased its stake in shares of J.M. Smucker by 13.6% in the second quarter. Columbus Circle Investors now owns 93,525 shares of the company’s stock valued at $14,254,000 after buying an additional 11,224 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of J.M. Smucker by 1.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 335,843 shares of the company’s stock valued at $51,186,000 after buying an additional 4,894 shares during the period. Finally, Huntington National Bank increased its stake in shares of J.M. Smucker by 5.8% in the second quarter. Huntington National Bank now owns 65,692 shares of the company’s stock valued at $10,012,000 after buying an additional 3,579 shares during the period. Institutional investors own 74.90% of the company’s stock.

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.

5 Day Chart for NYSE:SJM

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