J.M. Smucker Company (The) (SJM) Lifted to “Positive” at Susquehanna Bancshares Inc

J.M. Smucker Company (The) (NYSE:SJM) was upgraded by equities research analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating in a report released on Monday. The firm presently has a $127.00 price objective on the stock, up from their prior price objective of $110.00. Susquehanna Bancshares Inc’s price objective points to a potential upside of 21.97% from the company’s current price.

SJM has been the topic of several other research reports. Morgan Stanley set a $106.00 price target on J.M. Smucker Company (The) and gave the company a “sell” rating in a research note on Friday, October 13th. Zacks Investment Research raised J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. BidaskClub lowered J.M. Smucker Company (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of J.M. Smucker Company (The) in a research note on Wednesday, October 4th. Finally, Jefferies Group LLC raised J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $130.00 to $140.00 in a research note on Friday, July 28th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. J.M. Smucker Company (The) currently has an average rating of “Hold” and an average price target of $125.27.

Shares of J.M. Smucker Company (NYSE:SJM) opened at $104.12 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.97 and a quick ratio of 0.41. The company has a market capitalization of $11,826.43, a price-to-earnings ratio of 14.15, a P/E/G ratio of 2.04 and a beta of 0.62. J.M. Smucker Company has a one year low of $99.57 and a one year high of $143.68.

J.M. Smucker Company (The) (NYSE:SJM) last announced its quarterly earnings results on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.10). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.81 billion. J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. J.M. Smucker Company (The)’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 EPS. equities analysts forecast that J.M. Smucker Company will post 7.75 earnings per share for the current year.

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In related news, insider Richard K. Smucker acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $105.40 per share, for a total transaction of $1,054,000.00. Following the completion of the acquisition, the insider now owns 652,168 shares of the company’s stock, valued at approximately $68,738,507.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary A. Oatey acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average price of $107.30 per share, with a total value of $107,300.00. The disclosure for this purchase can be found here. Corporate insiders own 3.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SJM. Schroder Investment Management Group increased its holdings in J.M. Smucker Company (The) by 7,253.2% in the second quarter. Schroder Investment Management Group now owns 1,166,740 shares of the company’s stock valued at $137,699,000 after purchasing an additional 1,150,873 shares during the last quarter. BlackRock Inc. increased its holdings in J.M. Smucker Company (The) by 7.6% in the second quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock valued at $965,814,000 after purchasing an additional 578,984 shares during the last quarter. Koch Industries Inc. bought a new stake in J.M. Smucker Company (The) in the second quarter valued at about $495,000. Renaissance Technologies LLC bought a new stake in shares of J.M. Smucker Company (The) in the second quarter worth about $54,456,000. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of J.M. Smucker Company (The) by 251.1% in the second quarter. Parametric Portfolio Associates LLC now owns 642,552 shares of the company’s stock worth $76,033,000 after acquiring an additional 459,528 shares in the last quarter. Institutional investors and hedge funds own 73.29% of the company’s stock.

About J.M. Smucker Company (The)

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.

Analyst Recommendations for J.M. Smucker Company (The) (NYSE:SJM)

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