JPMorgan Chase & Co. Boosts J. M. Smucker (NYSE:SJM) Price Target to $158.00

J. M. Smucker (NYSE:SJM – Get Rating) had its target price upped by JPMorgan Chase & Co. from $157.00 to $158.00 in a report issued on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on SJM. UBS Group upgraded shares of J. M. Smucker from a sell rating to a neutral rating and raised their target price for the stock from $132.00 to $155.00 in a report on Friday, February 10th. Exane BNP Paribas began coverage on shares of J. M. Smucker in a report on Tuesday, November 15th. They issued an underperform rating on the stock. BNP Paribas began coverage on shares of J. M. Smucker in a report on Tuesday, November 15th. They issued an underperform rating and a $138.00 target price on the stock. The Goldman Sachs Group restated a sell rating and issued a $123.00 target price on shares of J. M. Smucker in a report on Monday, November 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of J. M. Smucker from $148.00 to $153.00 and gave the company a hold rating in a report on Tuesday, December 6th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $149.70.

J. M. Smucker Trading Up 1.5 %

SJM stock opened at $150.80 on Thursday. The company has a market capitalization of $16.08 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 4.34 and a beta of 0.21. J. M. Smucker has a one year low of $119.82 and a one year high of $163.07. The company’s 50 day moving average price is $152.32 and its two-hundred day moving average price is $147.87. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.43 and a current ratio of 1.16.

J. M. Smucker (NYSE:SJM – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.13 by $0.08. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. J. M. Smucker had a net margin of 8.54% and a return on equity of 11.10%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.33 earnings per share. As a group, analysts predict that J. M. Smucker will post 8.69 earnings per share for the current fiscal year.

J. M. Smucker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, February 9th. J. M. Smucker’s dividend payout ratio is currently 61.45%.

Hedge Funds Weigh In On J. M. Smucker

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in J. M. Smucker by 1.3% during the first quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock valued at $1,722,666,000 after buying an additional 162,944 shares during the period. Sequoia Financial Advisors LLC lifted its position in J. M. Smucker by 48,822.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,281,761 shares of the company’s stock valued at $361,568,000 after buying an additional 2,277,097 shares during the period. Geode Capital Management LLC lifted its position in J. M. Smucker by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 2,253,122 shares of the company’s stock valued at $356,401,000 after buying an additional 45,838 shares during the period. Moneta Group Investment Advisors LLC lifted its position in J. M. Smucker by 85,116.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,102,297 shares of the company’s stock valued at $333,130,000 after buying an additional 2,099,830 shares during the period. Finally, Invesco Ltd. raised its position in shares of J. M. Smucker by 8.3% in the 1st quarter. Invesco Ltd. now owns 1,820,578 shares of the company’s stock worth $246,525,000 after purchasing an additional 139,158 shares during the last quarter. Hedge funds and other institutional investors own 79.21% of the company’s stock.

J. M. Smucker Company Profile

(Get Rating)

The J. M. Smucker Co engages in the manufacture and marketing of food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes domestic sales of Folgers, Dunkin’ Donuts, and Café Bustelo branded coffee.