ValuEngine Lowers J M Smucker (NYSE:SJM) to Sell

ValuEngine lowered shares of J M Smucker (NYSE:SJM) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Several other equities research analysts have also weighed in on the stock. Wells Fargo & Co increased their price objective on shares of J M Smucker from $110.00 to $114.00 and gave the stock a market perform rating in a research note on Friday, June 7th. Morgan Stanley increased their price objective on shares of J M Smucker from $117.00 to $120.00 and gave the stock an equal weight rating in a research note on Friday, June 7th. Zacks Investment Research lowered shares of J M Smucker from a buy rating to a hold rating in a research note on Monday, May 20th. Credit Suisse Group dropped their price objective on shares of J M Smucker from $120.00 to $114.00 and set a neutral rating on the stock in a research note on Monday, July 22nd. Finally, Bank of America reiterated a neutral rating and set a $107.00 price objective on shares of J M Smucker in a research note on Friday, May 17th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $115.44.

Shares of J M Smucker stock traded down $1.46 during trading on Thursday, reaching $110.69. The company had a trading volume of 429,940 shares, compared to its average volume of 782,164. The firm has a market capitalization of $12.79 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 3.27 and a beta of 0.42. The firm’s fifty day simple moving average is $116.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.69. J M Smucker has a fifty-two week low of $91.32 and a fifty-two week high of $128.43.

J M Smucker (NYSE:SJM) last released its quarterly earnings data on Thursday, June 6th. The company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.11. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. J M Smucker had a net margin of 6.56% and a return on equity of 11.80%. J M Smucker’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 earnings per share. On average, equities analysts forecast that J M Smucker will post 8.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.52 annualized dividend and a dividend yield of 3.18%. This is a positive change from J M Smucker’s previous quarterly dividend of $0.85. J M Smucker’s dividend payout ratio (DPR) is presently 41.01%.

In other J M Smucker news, insider Joseph Stanziano sold 319 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $119.20, for a total value of $38,024.80. Following the sale, the insider now owns 14,857 shares in the company, valued at $1,770,954.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark R. Belgya sold 750 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $113.28, for a total transaction of $84,960.00. Following the completion of the transaction, the insider now owns 54,942 shares of the company’s stock, valued at $6,223,829.76. The disclosure for this sale can be found here. Insiders sold 3,269 shares of company stock worth $372,201 in the last 90 days. 3.70% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of SJM. LSV Asset Management boosted its holdings in shares of J M Smucker by 51.7% in the first quarter. LSV Asset Management now owns 3,823,806 shares of the company’s stock valued at $445,473,000 after acquiring an additional 1,303,090 shares in the last quarter. Norges Bank bought a new position in shares of J M Smucker in the fourth quarter valued at approximately $93,308,000. Wedge Capital Management L L P NC bought a new position in shares of J M Smucker in the first quarter valued at approximately $44,078,000. Clark Capital Management Group Inc. bought a new position in shares of J M Smucker in the first quarter valued at approximately $26,626,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of J M Smucker by 100.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 382,750 shares of the company’s stock valued at $44,089,000 after acquiring an additional 191,644 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

About J M Smucker

The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.

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Analyst Recommendations for J M Smucker (NYSE:SJM)

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