Shares of J.M. Smucker Company (The) (NYSE:SJM) have received an average rating of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $132.82.

Several equities research analysts have issued reports on the stock. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $135.00 price target (down from $137.00) on shares of J.M. Smucker Company (The) in a research note on Wednesday, June 28th. Deutsche Bank AG reiterated a “hold” rating and issued a $131.00 price target (down from $135.00) on shares of J.M. Smucker Company (The) in a research note on Thursday, July 13th. Morgan Stanley reiterated an “underweight” rating and issued a $114.00 price target (down from $126.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, July 18th. Susquehanna Bancshares Inc set a $141.00 price target on shares of J.M. Smucker Company (The) and gave the company a “hold” rating in a research note on Wednesday, June 7th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $126.00 price target on shares of J.M. Smucker Company (The) in a research note on Thursday, June 1st.

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In related news, SVP Jill R. Penrose sold 550 shares of J.M. Smucker Company (The) stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $120.09, for a total transaction of $66,049.50. Following the completion of the sale, the senior vice president now owns 13,475 shares of the company’s stock, valued at approximately $1,618,212.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sandra Pianalto bought 250 shares of J.M. Smucker Company (The) stock in a transaction that occurred on Tuesday, June 27th. The shares were bought at an average cost of $120.61 per share, with a total value of $30,152.50. Following the acquisition, the director now directly owns 250 shares in the company, valued at approximately $30,152.50. The disclosure for this purchase can be found here. Insiders have sold a total of 16,030 shares of company stock worth $1,948,195 over the last 90 days. 3.50% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in SJM. BlackRock Inc. increased its stake in shares of J.M. Smucker Company (The) by 2,899.4% in the first quarter. BlackRock Inc. now owns 7,583,056 shares of the company’s stock valued at $993,987,000 after buying an additional 7,330,233 shares during the last quarter. FMR LLC increased its stake in shares of J.M. Smucker Company (The) by 49.4% in the first quarter. FMR LLC now owns 2,009,137 shares of the company’s stock valued at $263,357,000 after buying an additional 664,514 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of J.M. Smucker Company (The) by 3.7% in the first quarter. Vanguard Group Inc. now owns 11,943,550 shares of the company’s stock valued at $1,565,560,000 after buying an additional 420,604 shares during the last quarter. Seizert Capital Partners LLC bought a new stake in shares of J.M. Smucker Company (The) during the first quarter valued at approximately $50,982,000. Finally, Bahl & Gaynor Inc. increased its stake in shares of J.M. Smucker Company (The) by 186.9% in the first quarter. Bahl & Gaynor Inc. now owns 543,828 shares of the company’s stock valued at $71,285,000 after buying an additional 354,281 shares during the last quarter. 75.47% of the stock is owned by institutional investors and hedge funds.

J.M. Smucker Company (SJM) traded down 0.38% during trading on Friday, hitting $122.10. 421,280 shares of the stock were exchanged. J.M. Smucker Company has a 12-month low of $114.31 and a 12-month high of $157.31. The firm has a market capitalization of $13.85 billion, a PE ratio of 23.94 and a beta of 0.62. The stock has a 50 day moving average price of $119.86 and a 200-day moving average price of $129.22.

J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings results on Thursday, June 8th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.08. J.M. Smucker Company (The) had a net margin of 8.01% and a return on equity of 12.63%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the business earned $1.19 EPS. The company’s revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that J.M. Smucker Company will post $7.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be paid a dividend of $0.78 per share. The ex-dividend date is Wednesday, August 9th. This is a positive change from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 annualized dividend and a dividend yield of 2.55%. J.M. Smucker Company (The)’s payout ratio is currently 58.82%.

About J.M. Smucker Company (The)

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.

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

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