J M Smucker (NYSE:SJM)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group in a report issued on Friday, February 16th. They currently have a $135.00 price target on the stock. Jefferies Group’s price objective suggests a potential upside of 3.17% from the company’s previous close.
The analysts wrote, “3Q18 operating results and implied guidance is in-line with consensus (slightly below our estimate). Sales were better than expected (in line with our BSM thesis) and EBIT was better than feared in light of the increases in freight costs that the industry is experiencing. At the segment level, Coffee was a positive stand-out, while Pet results disappointed.””
A number of other research firms have also weighed in on SJM. Wells Fargo & Co set a $128.00 price objective on shares of J M Smucker and gave the stock a “hold” rating in a research note on Thursday, January 4th. Susquehanna Bancshares set a $141.00 price objective on shares of J M Smucker and gave the stock a “buy” rating in a research note on Friday, December 8th. Morgan Stanley set a $112.00 price target on shares of J M Smucker and gave the company a “sell” rating in a research report on Friday, November 17th. Credit Suisse Group set a $110.00 price target on shares of J M Smucker and gave the company a “hold” rating in a research report on Friday, November 17th. Finally, Zacks Investment Research raised shares of J M Smucker from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. J M Smucker has a consensus rating of “Hold” and an average target price of $129.43.
J M Smucker (NYSE:SJM) last posted its earnings results on Friday, February 16th. The company reported $2.50 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.34. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. J M Smucker had a net margin of 17.16% and a return on equity of 12.46%. J M Smucker’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.00 earnings per share. equities analysts expect that J M Smucker will post 8.25 earnings per share for the current fiscal year.
In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,600 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $124.36, for a total transaction of $198,976.00. Following the completion of the transaction, the senior vice president now owns 23,452 shares in the company, valued at approximately $2,916,490.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David J. Lemmon sold 1,205 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was 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. Over the last quarter, insiders have sold 5,610 shares of company stock valued at $698,093. Company insiders own 3.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of SJM. Fairfield Bush & CO. lifted its position in shares of J M Smucker by 7.6% during the 4th quarter. Fairfield Bush & CO. now owns 60,611 shares of the company’s stock worth $7,530,000 after buying an additional 4,267 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of J M Smucker by 4.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 27,374 shares of the company’s stock worth $3,401,000 after buying an additional 1,170 shares during the last quarter. Handelsbanken Fonder AB purchased a new stake in shares of J M Smucker during the 4th quarter worth approximately $745,000. Northern Oak Wealth Management Inc. lifted its position in shares of J M Smucker by 4.8% during the 4th quarter. Northern Oak Wealth Management Inc. now owns 54,012 shares of the company’s stock worth $6,710,000 after buying an additional 2,458 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of J M Smucker by 111.1% during the 4th quarter. Sterling Capital Management LLC now owns 13,537 shares of the company’s stock worth $1,682,000 after buying an additional 7,124 shares during the last quarter. Institutional investors own 77.65% of the company’s stock.
About J M Smucker
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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