Somewhat Positive Media Coverage Somewhat Unlikely to Affect J M Smucker (SJM) Stock Price

News coverage about J M Smucker (NYSE:SJM) has trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. J M Smucker earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.229661059407 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s analysis:

Shares of J M Smucker (NYSE SJM) traded up $1.32 on Wednesday, reaching $121.01. 1,084,760 shares of the company’s stock were exchanged, compared to its average volume of 1,130,000. The stock has a market capitalization of $13,750.00, a PE ratio of 24.50, a PEG ratio of 2.03 and a beta of 0.65. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. J M Smucker has a twelve month low of $99.57 and a twelve month high of $143.68.

J M Smucker (NYSE:SJM) last announced its quarterly earnings data on Thursday, November 16th. The company reported $2.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.12. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.90 billion. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The business’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.05 earnings per share. sell-side analysts forecast that J M Smucker will post 7.83 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $3.12 annualized dividend and a dividend yield of 2.58%. J M Smucker’s dividend payout ratio is presently 63.16%.

Several brokerages recently issued reports on SJM. Credit Suisse Group set a $120.00 price target on shares of J M Smucker and gave the company a “hold” rating in a research report on Wednesday, January 10th. UBS Group upgraded shares of J M Smucker from a “neutral” rating to a “positive” rating in a report on Monday, November 13th. Stifel Nicolaus upped their price objective on shares of J M Smucker from $109.00 to $113.00 and gave the stock a “hold” rating in a report on Friday, November 17th. Susquehanna Bancshares restated a “hold” rating and issued a $110.00 price objective on shares of J M Smucker in a report on Tuesday, November 7th. Finally, Jefferies Group set a $130.00 price objective on shares of J M Smucker and gave the stock a “buy” rating in a report on Monday, October 30th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $127.58.

In other news, insider David J. Lemmon sold 1,205 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $124.54, for a total value of $150,070.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was 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 disclosure for this sale can be found here. In the last quarter, insiders sold 5,610 shares of company stock worth $698,093. Insiders own 3.50% of the company’s stock.

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J M Smucker 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.

Insider Buying and Selling by Quarter for J M Smucker (NYSE:SJM)

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