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JM Smucker (NYSE:SJM – Get a Rating) had its price target reduced by Goldman Sachs Group to $123.00 in a report on Monday, reports The Fly. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group price target indicates a potential decline of 16.98% from the stock’s previous close.
SJM has been the subject of a number of other research reports. BNP Paribas initiated a hedge on JM Smucker shares in a Tuesday, November 15 research note. They issued an “underperforming” rating and a price target of $138.00 for the company. Exane BNP Paribas launched a hedge on the shares of JM Smucker in a report on Tuesday 15 November. They set an “underperforming” rating on the stock. Morgan Stanley raised its price target on JM Smucker shares from $117.00 to $132.00 and gave the company an “underweight” rating in a Wednesday, Aug. 24, report. Bank of America upgraded JM Smucker shares from a “neutral” rating to a “buy” rating and raised its price target for the company from $145.00 to $155.00 in a Wednesday, August 17 report . Finally, StockNews.com launched coverage on JM Smucker shares in a report on Wednesday, October 12. They have set a “holding” rating on the stock. Six equity research analysts have assigned the stock a sell rating, eight have issued a hold rating and one has assigned the stock a buy rating. According to data from MarketBeat, JM Smucker currently has a consensus rating of “Hold” and an average price target of $139.45.
JM Smucker Price Performance
NYSE: SJM traded at $2.01 during Monday trading hours, hitting $148.15. 106,588 shares of the company were traded, against an average volume of 847,597. The company’s 50-day simple moving average is $142.88 and its two-hundred-day simple moving average is $136.33 . JM Smucker has a 12 month low of $119.82 and a 12 month high of $152.16. The company has a quick ratio of 0.45, a current ratio of 1.05 and a debt ratio of 0.53. The company has a market capitalization of $15.79 billion, a P/E ratio of 27.23, a price-to-earnings growth ratio of 6.17 and a beta of 0.25.
JM Smucker (NYSE:SJM – Get Rating) last released quarterly earnings data on Monday, November 21. The company reported EPS of $2.40 for the quarter, beating analyst consensus estimates of $2.19 by $0.21. JM Smucker had a net margin of 7.33% and a return on equity of 11.38%. The company posted revenue of $2.21 billion in the quarter, versus analyst estimates of $2.18 billion. In the same quarter last year, the company posted EPS of $2.43. The company’s revenue increased 7.6% year over year. Sell-side analysts expect JM Smucker to post EPS of 8.55 for the current fiscal year.
Insider buying and selling
In other JM Smucker news, insider Jill R. Penrose sold 4,543 shares of the company in a trade on Wednesday, September 7. The shares were sold at an average price of $140.83, for a total value of $639,790.69. Following the sale, the insider now directly owns 9,106 shares of the company, valued at approximately $1,282,397.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. In other JM Smucker news, insider Jill R. Penrose sold 4,543 shares of the company in a trade on Wednesday, September 7. The shares were sold at an average price of $140.83, for a total value of $639,790.69. Following the sale, the insider now directly owns 9,106 shares of the company, valued at approximately $1,282,397.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. Additionally, director Richard K. Smucker sold 20,000 shares of the company in a trade on Friday, August 26. The stock was sold at an average price of $142.28, for a total transaction of $2,845,600.00. Following the completion of the sale, the administrator now owns 631,010 shares of the company, valued at $89,780,102.80. The disclosure of this sale can be found here. Insiders sold 63,019 shares of the company worth $8,995,996 during the last quarter. 3.70% of the shares are currently held by insiders of the company.
JM Smucker Institutional Negotiation
Several institutional investors have recently changed their positions in SJM. Mutual of America Capital Management LLC increased its position in JM Smucker shares by 1.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 14,541 shares of the company valued at $1,969,000 after acquiring 147 additional shares last quarter. National Asset Management Inc. increased its position in JM Smucker shares by 24.4% during the first quarter. National Asset Management Inc. now owns 2,915 shares of the company valued at $395,000 after acquiring 571 additional shares in the last quarter. Metis Global Partners LLC acquired a new equity stake from JM Smucker during Q1 valued at approximately $232,000. Venture Visionary Partners LLC acquired a new stake in JM Smucker stock during Q1 worth approximately $1,456,000. Finally, First National Trust Co increased its position in JM Smucker shares by 3.4% during the first quarter. First National Trust Co now owns 2,271 shares of the company valued at $307,000 after acquiring 75 additional shares in the last quarter. 79.56% of the shares are currently held by institutional investors and hedge funds.
About JM Smucker
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The JM Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: US Retail Pet Foods, US Retail Coffee and US Retail Consumer Foods. The company offers roast, ground, single serve and premium coffee; peanut butter and specialty spreads; fruit spreads, shortenings and oils and frozen sandwiches and snacks; pet food and snacks; and hot beverages for foodservice, portion control for foodservice and flour products, as well as dog and cat food, frozen hand products, juices and beverages, and mixes and baking ingredients.
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