Shares of J.M. Smucker Co. (NYSE:SJM) have been given an average recommendation of “Hold” by the fourteen brokerages that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $141.00.
SJM has been the subject of several recent analyst reports. Hilliard Lyons raised shares of J.M. Smucker from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 22nd. Credit Suisse Group AG cut shares of J.M. Smucker from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $158.00 to $145.00 in a research report on Tuesday, September 27th. JPMorgan Chase & Co. reaffirmed a “focus list” rating on shares of J.M. Smucker in a research report on Tuesday, October 4th. Deutsche Bank AG set a $165.00 target price on shares of J.M. Smucker and gave the stock a “buy” rating in a report on Thursday, August 18th. Finally, Citigroup Inc. reissued a “buy” rating on shares of J.M. Smucker in a report on Thursday, August 25th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CT Financial Advisors LLC increased its stake in J.M. Smucker by 31.3% in the second quarter. CT Financial Advisors LLC now owns 3,784 shares of the company’s stock worth $577,000 after buying an additional 901 shares in the last quarter. Baxter Bros Inc. purchased a new stake in J.M. Smucker during the second quarter worth $511,000. Cardinal Capital Management Inc. increased its stake in J.M. Smucker by 12.2% in the second quarter. Cardinal Capital Management Inc. now owns 79,910 shares of the company’s stock worth $12,179,000 after buying an additional 8,715 shares in the last quarter. Stock Yards Bank & Trust Co. increased its stake in J.M. Smucker by 6.1% in the second quarter. Stock Yards Bank & Trust Co. now owns 107,591 shares of the company’s stock worth $16,398,000 after buying an additional 6,215 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in J.M. Smucker during the first quarter worth $253,000. 76.15% of the stock is owned by institutional investors.
Shares of J.M. Smucker (NYSE:SJM) opened at 126.46 on Wednesday. J.M. Smucker has a 12 month low of $117.36 and a 12 month high of $157.31. The stock’s 50 day moving average is $130.12 and its 200 day moving average is $139.57. The firm has a market cap of $14.72 billion, a PE ratio of 20.62 and a beta of 0.56.
J.M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, November 17th. The company reported $2.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 business earned $1.91 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the business posted $1.62 earnings per share. J.M. Smucker’s revenue was down 7.9% compared to the same quarter last year. Analysts forecast that J.M. Smucker will post $7.69 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Tuesday, November 8th. J.M. Smucker’s dividend payout ratio is currently 48.86%.