Stifel Nicolaus Issues Pessimistic Forecast for J. M. Smucker (NYSE:SJM) Stock Price

J. M. Smucker (NYSE:SJM) had its price objective dropped by Stifel Nicolaus from $120.00 to $106.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 8.93% from the stock’s current price.

SJM has been the topic of a number of other reports. UBS Group lowered their target price on J. M. Smucker from $134.00 to $129.00 and set a “buy” rating on the stock in a research note on Friday, June 6th. Wall Street Zen raised J. M. Smucker from a “sell” rating to a “hold” rating in a report on Friday, March 28th. Citigroup reduced their price objective on shares of J. M. Smucker from $128.00 to $118.00 and set a “buy” rating for the company in a research note on Wednesday. Morgan Stanley restated an “overweight” rating and issued a $124.00 target price (up from $123.00) on shares of J. M. Smucker in a research note on Friday, June 6th. Finally, DA Davidson cut their price target on shares of J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $117.55.

J. M. Smucker Stock Performance

SJM opened at $97.31 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. J. M. Smucker has a 1-year low of $93.93 and a 1-year high of $125.42. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 3.91 and a beta of 0.35. The company’s fifty day moving average price is $112.57 and its two-hundred day moving average price is $110.88.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings results on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.06. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the firm posted $2.66 EPS. J. M. Smucker’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts expect that J. M. Smucker will post 9.88 EPS for the current fiscal year.

Insider Transactions at J. M. Smucker

In related news, insider Jill R. Penrose sold 5,117 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $116.26, for a total transaction of $594,902.42. Following the transaction, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. The trade was a 36.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tarang Amin purchased 1,050 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average cost of $96.09 per share, with a total value of $100,894.50. Following the completion of the purchase, the director now owns 3,825 shares of the company’s stock, valued at $367,544.25. This represents a 37.84% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On J. M. Smucker

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SJM. Tortoise Investment Management LLC grew its position in shares of J. M. Smucker by 87.0% in the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the period. Capital Advisors Ltd. LLC boosted its stake in J. M. Smucker by 188.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after acquiring an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of J. M. Smucker in the 4th quarter worth approximately $27,000. Kentucky Trust Co purchased a new stake in shares of J. M. Smucker in the fourth quarter worth $28,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in J. M. Smucker during the 4th quarter valued at about $28,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

J. M. Smucker Company Profile

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.