J.M. Smucker Company (The) (SJM) Upgraded to Positive by UBS AG

UBS AG upgraded shares of J.M. Smucker Company (The) (NYSE:SJM) from a neutral rating to a positive rating in a report issued on Monday.

Several other equities research analysts also recently commented on the stock. Susquehanna Bancshares Inc reiterated a hold rating and set a $110.00 target price on shares of J.M. Smucker Company (The) in a research report on Tuesday, November 7th. Jefferies Group LLC set a $130.00 target price on shares of J.M. Smucker Company (The) and gave the stock a buy rating in a research report on Monday, October 30th. Zacks Investment Research upgraded shares of J.M. Smucker Company (The) from a sell rating to a hold rating in a research report on Wednesday, October 25th. Morgan Stanley set a $106.00 target price on shares of J.M. Smucker Company (The) and gave the stock a sell rating in a research report on Friday, October 13th. Finally, Goldman Sachs Group, Inc. (The) reiterated a sell rating on shares of J.M. Smucker Company (The) in a research report on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $125.27.

J.M. Smucker Company (NYSE SJM) traded up $2.37 on Monday, hitting $106.49. 1,515,300 shares of the stock were exchanged, compared to its average volume of 1,101,375. J.M. Smucker Company has a one year low of $99.57 and a one year high of $143.68. The company has a current ratio of 0.97, a quick ratio of 0.41 and a debt-to-equity ratio of 0.64. The firm has a market cap of $12,290.00, a P/E ratio of 14.15, a P/E/G ratio of 2.04 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings results on Thursday, August 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.10). J.M. Smucker Company (The) had a net margin of 7.50% and a return on equity of 12.06%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business posted $1.86 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. equities analysts predict that J.M. Smucker Company will post 7.75 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a $0.78 dividend. The ex-dividend date is Thursday, November 9th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.93%. J.M. Smucker Company (The)’s dividend payout ratio (DPR) is currently 65.68%.

In related news, Director Gary A. Oatey acquired 1,000 shares of the stock in a transaction dated Monday, September 11th. The stock was bought at an average price of $107.30 per share, for a total transaction of $107,300.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard K. Smucker acquired 10,000 shares of the stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of $105.40 per share, with a total value of $1,054,000.00. Following the purchase, the insider now directly owns 652,168 shares in the company, valued at $68,738,507.20. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of J.M. Smucker Company (The) by 7.6% in the 2nd quarter. BlackRock Inc. now owns 8,162,040 shares of the company’s stock valued at $965,814,000 after acquiring an additional 578,984 shares in the last quarter. Dai Ichi Life Insurance Company Ltd increased its stake in shares of J.M. Smucker Company (The) by 7.8% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 20,669 shares of the company’s stock valued at $2,446,000 after acquiring an additional 1,500 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of J.M. Smucker Company (The) in the 2nd quarter valued at $495,000. Aviva PLC increased its stake in shares of J.M. Smucker Company (The) by 1.3% in the 2nd quarter. Aviva PLC now owns 70,815 shares of the company’s stock valued at $8,380,000 after acquiring an additional 910 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of J.M. Smucker Company (The) by 2.6% in the 2nd quarter. Swiss National Bank now owns 534,399 shares of the company’s stock valued at $63,235,000 after acquiring an additional 13,300 shares in the last quarter. Institutional investors own 73.29% of the company’s stock.

J.M. Smucker Company (The) Company Profile

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

Analyst Recommendations for J.M. Smucker Company (The) (NYSE:SJM)

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