J. M. Smucker (NYSE:SJM) Price Target Cut to $140.00

J. M. Smucker (NYSE:SJM) had its price target dropped by investment analysts at TD Cowen from $150.00 to $140.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s target price would indicate a potential upside of 24.81% from the stock’s current price.

Several other research analysts have also recently issued reports on SJM. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a report on Monday. DA Davidson initiated coverage on J. M. Smucker in a report on Friday, March 1st. They issued a “neutral” rating and a $132.00 price target for the company. Stifel Nicolaus upgraded J. M. Smucker from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Wednesday, February 28th. JPMorgan Chase & Co. increased their price objective on J. M. Smucker from $126.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Citigroup decreased their target price on shares of J. M. Smucker from $153.00 to $152.00 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, J. M. Smucker presently has a consensus rating of “Hold” and a consensus price target of $137.47.

J. M. Smucker Stock Down 1.2 %

J. M. Smucker stock opened at $112.17 on Wednesday. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of -127.46, a PEG ratio of 1.85 and a beta of 0.21. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07. The stock has a 50 day moving average of $123.46 and a two-hundred day moving average of $121.23. J. M. Smucker has a twelve month low of $107.33 and a twelve month high of $159.92.

J. M. Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.21. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company earned $2.21 earnings per share. As a group, research analysts expect that J. M. Smucker will post 9.6 earnings per share for the current year.

Insider Activity

In related news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the transaction, the insider now directly owns 8,946 shares in the company, valued at approximately $1,116,192.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of J. M. Smucker by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 13,471,395 shares of the company’s stock valued at $1,702,515,000 after buying an additional 518,433 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of J. M. Smucker by 1.4% during the 1st quarter. Geode Capital Management LLC now owns 2,284,534 shares of the company’s stock worth $358,727,000 after buying an additional 31,412 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of J. M. Smucker by 85,116.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,102,297 shares of the company’s stock worth $333,130,000 after buying an additional 2,099,830 shares during the period. Invesco Ltd. boosted its holdings in J. M. Smucker by 8.3% in the first quarter. Invesco Ltd. now owns 1,820,578 shares of the company’s stock valued at $246,525,000 after acquiring an additional 139,158 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in J. M. Smucker by 13.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,688,930 shares of the company’s stock valued at $213,441,000 after acquiring an additional 202,092 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

About J. M. Smucker

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.