Brokerages Set The J. M. Smucker Company (NYSE:SJM) Target Price at $121.21

Shares of The J. M. Smucker Company (NYSE:SJM) have been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $119.60.

SJM has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on J. M. Smucker from $121.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Canaccord Genuity Group upgraded shares of J. M. Smucker to a “buy” rating in a research note on Friday, January 16th. TD Cowen lowered their target price on J. M. Smucker from $124.00 to $113.00 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $105.00 price target (down from $115.00) on shares of J. M. Smucker in a research report on Friday, January 16th. Finally, Sanford C. Bernstein upgraded shares of J. M. Smucker from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $121.00 to $145.00 in a report on Wednesday, March 11th.

J. M. Smucker Price Performance

Shares of SJM opened at $95.63 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84. The firm has a market capitalization of $10.20 billion, a PE ratio of -8.11, a P/E/G ratio of 4.19 and a beta of 0.27. The stock has a 50 day simple moving average of $105.88 and a 200 day simple moving average of $104.18. J. M. Smucker has a 52-week low of $93.30 and a 52-week high of $120.76.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings data on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.11. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.32 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.61 earnings per share. Sell-side analysts predict that J. M. Smucker will post 9.88 EPS for the current fiscal year.

J. M. Smucker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Friday, February 13th. J. M. Smucker’s payout ratio is currently -37.32%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Garton & Associates Financial Advisors LLC bought a new position in J. M. Smucker during the 4th quarter worth $25,000. CYBER HORNET ETFs LLC bought a new stake in shares of J. M. Smucker during the 2nd quarter valued at $27,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of J. M. Smucker during the 2nd quarter worth $28,000. Root Financial Partners LLC acquired a new stake in shares of J. M. Smucker during the 3rd quarter worth $29,000. Finally, MCF Advisors LLC increased its position in shares of J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock worth $30,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

J. M. Smucker Company Profile

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.