J.M. Smucker Company (The) (SJM) Raised to Positive at UBS AG

J.M. Smucker Company (The) (NYSE:SJM) was upgraded by equities research analysts at UBS AG from a “neutral” rating to a “positive” rating in a research note issued on Monday.

SJM has been the subject of a number of other research reports. Morgan Stanley set a $106.00 price objective on J.M. Smucker Company (The) and gave the company a “sell” rating in a research note on Friday, October 13th. Zacks Investment Research upgraded J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. BidaskClub cut J.M. Smucker Company (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Citigroup Inc. reduced their price objective on J.M. Smucker Company (The) from $155.00 to $133.00 and set a “buy” rating for the company in a research note on Friday, August 25th. Finally, Jefferies Group LLC upgraded J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and boosted their price objective for the company 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, seven have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $123.73.

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 quick ratio of 0.41 and a current ratio of 0.97. J.M. Smucker Company has a 52 week low of $99.57 and a 52 week high of $143.68. The firm has a market capitalization of $11,826.43, a P/E ratio of 14.15, a P/E/G ratio of 2.04 and a beta of 0.62.

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

WARNING: “J.M. Smucker Company (The) (SJM) Raised to Positive at UBS AG” was first reported by Markets Daily and is the property of of Markets Daily. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.themarketsdaily.com/2017/11/13/j-m-smucker-company-the-sjm-raised-to-positive-at-ubs-ag.html.

In other J.M. Smucker Company (The) news, Director Gary A. Oatey acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average price of $107.30 per share, with a total value of $107,300.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard K. Smucker acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $105.40 per share, for a total transaction of $1,054,000.00. Following the acquisition, the insider now directly owns 652,168 shares of the company’s stock, valued at $68,738,507.20. The disclosure for this purchase can be found here. 3.50% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its holdings in J.M. Smucker Company (The) by 2.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 407,057 shares of the company’s stock worth $42,713,000 after acquiring an additional 8,475 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in J.M. Smucker Company (The) by 19.1% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 300,000 shares of the company’s stock worth $31,479,000 after acquiring an additional 48,196 shares during the period. Commonwealth Bank of Australia grew its holdings in J.M. Smucker Company (The) by 65.5% during the third quarter. Commonwealth Bank of Australia now owns 16,166 shares of the company’s stock worth $1,689,000 after acquiring an additional 6,397 shares during the period. WINTON GROUP Ltd grew its holdings in J.M. Smucker Company (The) by 62.2% during the third quarter. WINTON GROUP Ltd now owns 11,181 shares of the company’s stock worth $1,173,000 after acquiring an additional 4,286 shares during the period. Finally, Cadence Capital Management LLC grew its holdings in J.M. Smucker Company (The) by 47.9% during the third quarter. Cadence Capital Management LLC now owns 29,763 shares of the company’s stock worth $3,123,000 after acquiring an additional 9,640 shares during the period. 73.29% of the stock is currently owned by hedge funds and other institutional investors.

J.M. Smucker Company (The) 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.

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

Receive News & Ratings for J.M. Smucker Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.M. Smucker Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply