J.M. Smucker Company (The) (NYSE:SJM) Given Daily Coverage Optimism Score of 0.23
Press coverage about J.M. Smucker Company (The) (NYSE:SJM) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. J.M. Smucker Company (The) earned a news impact score of 0.23 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.3646131303138 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- JM Smucker Company (The) New (SJM) Ownership Increased by Norges Bank – First News 24 (firstnewspaper24.com)
- JM Smucker Company (The) New (SJM) Stake Increased by Norges Bank – First News 24 (firstnewspaper24.com)
- IHS Markit Score Update: Drop in demand for ETFs holding J M Smucker Co is a negative sign for its shares (finance.yahoo.com)
- Stock Trading Near the 52-Week Low The JM Smucker Company (NYSE:SJM) – Sparta Review (spartareview.com)
- JM Smucker Company (SJM) Ex-Dividend Date Scheduled for August 09, 2017 – Nasdaq (nasdaq.com)
J.M. Smucker Company (NYSE SJM) traded down 0.38% during trading on Thursday, reaching $121.72. 805,392 shares of the company traded hands. The firm has a 50-day moving average price of $119.18 and a 200-day moving average price of $128.73. The company has a market capitalization of $13.81 billion, a P/E ratio of 23.87 and a beta of 0.62. J.M. Smucker Company has a 52 week low of $114.31 and a 52 week high of $156.23.
J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings results on Thursday, June 8th. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.72 by $0.08. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.77 billion. J.M. Smucker Company (The) had a net margin of 8.01% and a return on equity of 12.63%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 EPS. Analysts forecast that J.M. Smucker Company will post $7.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Wednesday, August 9th. This is a positive change from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. J.M. Smucker Company (The)’s payout ratio is presently 58.82%.
A number of analysts have recently issued reports on the stock. Jefferies Group LLC raised shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and increased their price objective for the stock from $130.00 to $140.00 in a research note on Friday, July 28th. Stephens cut shares of J.M. Smucker Company (The) from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $165.00 to $125.00 in a research note on Wednesday, July 19th. Morgan Stanley reissued an “underweight” rating and issued a $114.00 price objective (down from $126.00) on shares of J.M. Smucker Company (The) in a research note on Tuesday, July 18th. Deutsche Bank AG reissued a “hold” rating and issued a $131.00 price objective (down from $135.00) on shares of J.M. Smucker Company (The) in a research note on Thursday, July 13th. Finally, Hilliard Lyons raised shares of J.M. Smucker Company (The) from a “neutral” rating to a “long-term buy” rating and set a $140.00 price objective for the company in a research note on Tuesday, July 11th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $132.82.
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In related news, SVP Jill R. Penrose sold 550 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $120.09, for a total value 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 SEC, which is available through this hyperlink. Also, insider Barry C. Dunaway sold 9,433 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $121.32, for a total transaction of $1,144,411.56. Following the completion of the sale, the insider now directly owns 40,966 shares of the company’s stock, valued at approximately $4,969,995.12. The disclosure for this sale can be found here. In the last three months, insiders sold 16,030 shares of company stock valued at $1,948,195. 3.50% of the stock is owned by insiders.
J.M. Smucker Company (The) Company Profile
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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