J. M. Smucker (NYSE:SJM) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of J. M. Smucker (NYSE:SJM) from a buy rating to a hold rating in a research report sent to investors on Saturday.

A number of other equities research analysts have also weighed in on the stock. Barclays upped their target price on shares of J. M. Smucker from $103.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, June 11th. Sanford C. Bernstein reiterated an “outperform” rating and set a $137.00 price target on shares of J. M. Smucker in a research note on Wednesday, June 10th. Weiss Ratings raised J. M. Smucker from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. UBS Group increased their price objective on J. M. Smucker from $121.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Finally, Royal Bank Of Canada raised their target price on J. M. Smucker from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and a consensus target price of $121.67.

J. M. Smucker Stock Performance

NYSE SJM opened at $121.43 on Friday. The company has a market cap of $12.95 billion, a P/E ratio of -93.41, a PEG ratio of 1.65 and a beta of 0.26. The company has a fifty day simple moving average of $110.23 and a 200 day simple moving average of $104.96. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.15. J. M. Smucker has a 12-month low of $88.25 and a 12-month high of $121.67.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, June 9th. The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.13. J. M. Smucker had a negative net margin of 1.53% and a positive return on equity of 17.18%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the company posted $2.31 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. J. M. Smucker has set its FY 2027 guidance at 9.750-10.250 EPS. Sell-side analysts predict that J. M. Smucker will post 9.95 earnings per share for the current fiscal year.

J. M. Smucker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.10. J. M. Smucker’s payout ratio is currently -338.46%.

Insider Buying and Selling at J. M. Smucker

In other news, insider Jill R. Penrose sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $116.69, for a total value of $583,450.00. Following the completion of the transaction, the insider directly owned 15,795 shares of the company’s stock, valued at $1,843,118.55. This represents a 24.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeannette L. Knudsen sold 4,353 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $115.08, for a total value of $500,943.24. Following the sale, the insider directly owned 16,835 shares of the company’s stock, valued at $1,937,371.80. The trade was a 20.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 18,533 shares of company stock worth $2,132,914. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On J. M. Smucker

Several large investors have recently made changes to their positions in SJM. Wedge Capital Management L L P NC increased its stake in shares of J. M. Smucker by 5.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 48,059 shares of the company’s stock worth $5,407,000 after purchasing an additional 2,315 shares during the last quarter. Tema ETFs LLC lifted its stake in J. M. Smucker by 13.0% in the second quarter. Tema ETFs LLC now owns 2,145 shares of the company’s stock valued at $241,000 after purchasing an additional 247 shares during the last quarter. Sage Capital Advisors llc grew its holdings in J. M. Smucker by 1.5% during the second quarter. Sage Capital Advisors llc now owns 71,022 shares of the company’s stock valued at $7,990,000 after purchasing an additional 1,027 shares during the period. Everhart Financial Group Inc. grew its holdings in J. M. Smucker by 34.9% during the second quarter. Everhart Financial Group Inc. now owns 9,615 shares of the company’s stock valued at $1,082,000 after purchasing an additional 2,489 shares during the period. Finally, Valeo Financial Advisors LLC increased its position in J. M. Smucker by 6.8% in the second quarter. Valeo Financial Advisors LLC now owns 2,249 shares of the company’s stock worth $253,000 after buying an additional 143 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

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.