Shares of J M Smucker Co (NYSE:SJM) have earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $126.00.
Several research analysts have weighed in on SJM shares. Susquehanna Bancshares set a $141.00 price target on J M Smucker and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research upgraded J M Smucker from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Morgan Stanley set a $112.00 price target on J M Smucker and gave the stock a “sell” rating in a research note on Friday, November 17th. Jefferies Group set a $135.00 price target on J M Smucker and gave the stock a “buy” rating in a research note on Saturday, November 18th. Finally, Credit Suisse Group set a $110.00 target price on J M Smucker and gave the company a “hold” rating in a research report on Friday, November 17th.
J M Smucker (SJM) traded down $1.35 during mid-day trading on Friday, reaching $117.26. The company’s stock had a trading volume of 1,048,413 shares, compared to its average volume of 1,116,767. J M Smucker has a 1-year low of $99.57 and a 1-year high of $143.68. The company has a quick ratio of 0.42, a current ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a market cap of $13,330.00, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, November 9th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.66%. J M Smucker’s dividend payout ratio is currently 63.16%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sun Life Financial INC lifted its position in J M Smucker by 10,512.5% in the second quarter. Sun Life Financial INC now owns 849 shares of the company’s stock worth $100,000 after buying an additional 841 shares during the last quarter. Paradigm Asset Management Co. LLC lifted its position in J M Smucker by 4.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the company’s stock worth $136,000 after buying an additional 50 shares during the last quarter. BT Investment Management Ltd bought a new stake in J M Smucker in the second quarter worth $204,000. Allegis Investment Advisors LLC bought a new stake in J M Smucker in the second quarter worth $205,000. Finally, First National Trust Co. bought a new stake in J M Smucker in the second quarter worth $215,000. Hedge funds and other institutional investors own 75.46% of the company’s stock.
J M Smucker 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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