J. M. Smucker (NYSE:SJM) Sets New 12-Month Low – Time to Sell?

The J. M. Smucker Company (NYSE:SJM) hit a new 52-week low on Wednesday . The company traded as low as $93.30 and last traded at $94.22, with a volume of 65599 shares trading hands. The stock had previously closed at $94.50.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Stifel Nicolaus reduced their price objective on J. M. Smucker from $120.00 to $106.00 and set a “hold” rating for the company in a research note on Wednesday, June 11th. Barclays reduced their price objective on J. M. Smucker from $119.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 11th. DA Davidson cut their price target on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Wells Fargo & Company lowered their price objective on shares of J. M. Smucker from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 11th. Finally, Morgan Stanley restated an “overweight” rating and set a $124.00 price objective (up previously from $123.00) on shares of J. M. Smucker in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $115.80.

J. M. Smucker Price Performance

The company has a 50-day simple moving average of $110.83 and a 200-day simple moving average of $110.07. The stock has a market cap of $10.21 billion, a PE ratio of -8.30, a PEG ratio of 7.34 and a beta of 0.35. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.81 and a quick ratio of 0.35.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.06. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a negative net margin of 14.10% and a positive return on equity of 15.20%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.66 earnings per share. Sell-side analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date was Friday, May 16th. J. M. Smucker’s dividend payout ratio is currently -37.37%.

Insider Buying and Selling

In other news, Director Tarang Amin bought 1,050 shares of the stock in a transaction on Thursday, June 12th. The shares were bought at an average price of $96.09 per share, with a total value of $100,894.50. Following the completion of the acquisition, the director now owns 3,825 shares of the company’s stock, valued at approximately $367,544.25. This trade represents a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill R. Penrose sold 5,117 shares of the business’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $116.26, for a total transaction of $594,902.42. Following the completion of the sale, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. This represents a 36.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

Institutional Investors Weigh In On J. M. Smucker

Several institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio purchased a new stake in shares of J. M. Smucker in the 1st quarter worth about $2,243,000. Advisors Capital Management LLC boosted its position in shares of J. M. Smucker by 7.4% in the 1st quarter. Advisors Capital Management LLC now owns 254,483 shares of the company’s stock worth $30,133,000 after buying an additional 17,539 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of J. M. Smucker by 14.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,378 shares of the company’s stock worth $163,000 after buying an additional 179 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in shares of J. M. Smucker in the 1st quarter worth about $47,000. Finally, Anchor Investment Management LLC boosted its position in shares of J. M. Smucker by 3.7% in the 1st quarter. Anchor Investment Management LLC now owns 17,037 shares of the company’s stock worth $2,017,000 after buying an additional 607 shares in the last quarter. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.