Shares of J M Smucker Co (NYSE:SJM) have earned an average rating of “Hold” from the fifteen analysts that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $114.17.
A number of research analysts have commented on SJM shares. Zacks Investment Research reiterated a “sell” rating on shares of J M Smucker in a research report on Monday, December 31st. Jefferies Financial Group reiterated a “buy” rating and issued a $125.00 price objective on shares of J M Smucker in a research report on Friday, January 11th. ValuEngine upgraded J M Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Wells Fargo & Co raised their price target on J M Smucker from $100.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, February 25th. Finally, Guggenheim started coverage on J M Smucker in a research report on Tuesday, January 22nd. They issued a “sell” rating and a $85.00 price target on the stock.
SJM traded up $0.35 during mid-day trading on Thursday, reaching $115.69. The stock had a trading volume of 862,400 shares, compared to its average volume of 1,175,197. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 2.44 and a beta of 0.56. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.44 and a current ratio of 0.95. J M Smucker has a 52 week low of $91.32 and a 52 week high of $126.86.
In other news, SVP Jeannette L. Knudsen sold 1,932 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $102.86, for a total value of $198,725.52. Following the transaction, the senior vice president now directly owns 24,292 shares in the company, valued at approximately $2,498,675.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.92% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Howe & Rusling Inc. lifted its holdings in J M Smucker by 218.3% during the fourth quarter. Howe & Rusling Inc. now owns 296 shares of the company’s stock worth $28,000 after acquiring an additional 203 shares in the last quarter. Quantamental Technologies LLC bought a new position in J M Smucker during the fourth quarter worth about $28,000. Pinnacle Bank bought a new position in J M Smucker during the fourth quarter worth about $39,000. Meeder Asset Management Inc. bought a new position in J M Smucker during the fourth quarter worth about $44,000. Finally, Private Capital Group LLC bought a new position in J M Smucker during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 77.93% of the company’s stock.
About J M Smucker
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.
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