J M Smucker (NYSE:SJM) had its price objective hoisted by Deutsche Bank from $130.00 to $134.00 in a research report released on Tuesday, February 20th. Deutsche Bank currently has a hold rating on the stock.
Several other equities research analysts have also recently issued reports on SJM. Credit Suisse Group set a $120.00 price objective on shares of J M Smucker and gave the stock a hold rating in a research report on Wednesday, January 10th. Wells Fargo & Co set a $128.00 price target on shares of J M Smucker and gave the company a hold rating in a research report on Thursday, January 4th. Stifel Nicolaus lifted their price target on shares of J M Smucker from $109.00 to $113.00 and gave the company a hold rating in a research report on Friday, November 17th. Susquehanna Bancshares reiterated a buy rating and set a $151.00 price target on shares of J M Smucker in a research report on Friday, January 26th. Finally, Jefferies Group set a $135.00 price objective on shares of J M Smucker and gave the company a buy rating in a report on Saturday, November 18th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $129.43.
J M Smucker (NYSE SJM) traded down $0.68 during trading hours on Tuesday, hitting $130.85. 1,001,883 shares of the stock traded hands, compared to its average volume of 1,092,150. The company has a current ratio of 1.48, a quick ratio of 0.64 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $14,860.00, a P/E ratio of 7.32, a P/E/G ratio of 2.01 and a beta of 0.62. J M Smucker has a 12-month low of $99.57 and a 12-month high of $140.04.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Friday, February 9th were given a dividend of $0.78 per share. The ex-dividend date was Thursday, February 8th. This represents a $3.12 annualized dividend and a dividend yield of 2.38%. J M Smucker’s dividend payout ratio is presently 17.45%.
In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,600 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $124.36, for a total value of $198,976.00. Following the transaction, the senior vice president now directly owns 23,452 shares of the company’s stock, valued at approximately $2,916,490.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David J. Lemmon sold 1,205 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $124.54, for a total transaction of $150,070.70. The disclosure for this sale can be found here. Insiders have sold a total of 5,610 shares of company stock valued at $698,093 in the last 90 days. Insiders own 3.50% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Flagship Harbor Advisors LLC acquired a new position in shares of J M Smucker during the 3rd quarter worth $201,000. Toronto Dominion Bank grew its stake in shares of J M Smucker by 9.5% during the 3rd quarter. Toronto Dominion Bank now owns 43,226 shares of the company’s stock worth $4,535,000 after purchasing an additional 3,766 shares during the period. Northern Oak Wealth Management Inc. grew its stake in shares of J M Smucker by 98.4% during the 3rd quarter. Northern Oak Wealth Management Inc. now owns 51,554 shares of the company’s stock worth $5,410,000 after purchasing an additional 25,571 shares during the period. Sheets Smith Wealth Management grew its stake in shares of J M Smucker by 35.9% during the 4th quarter. Sheets Smith Wealth Management now owns 17,018 shares of the company’s stock worth $2,114,000 after purchasing an additional 4,500 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of J M Smucker by 2.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 407,057 shares of the company’s stock worth $42,713,000 after purchasing an additional 8,475 shares during the period. 77.65% of the stock is currently owned by institutional investors.
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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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