News coverage about J M Smucker (NYSE:SJM) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. J M Smucker earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.9760274769376 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- NYSE:SJM Investor Alert: Investigation over Potential Wrongdoing at J M Smucker Co (sbwire.com)
- Investing In Food Retail For The Dividends: JM Smucker Co. – Seeking Alpha (seekingalpha.com)
- Lehman XS Trust Series 2007-4N — Moody’s assigns Baa2 rating to J.M. Smucker $800 million notes offering (finance.yahoo.com)
- The J. M. Smucker Company Announces Pricing of Notes Offering (prnewswire.com)
- BRIEF-J M Smucker Files Prospectus Supplement Related to Potential Two-Part Notes Offering (SJM) (markets.businessinsider.com)
A number of research firms recently issued reports on SJM. Jefferies Group set a $135.00 price target on shares of J M Smucker and gave the company a “buy” rating in a research note on Saturday, November 18th. Stifel Nicolaus lifted their price target on shares of J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a research note on Friday, November 17th. Morgan Stanley set a $112.00 target price on shares of J M Smucker and gave the stock a “sell” rating in a research note on Friday, November 17th. Credit Suisse Group set a $110.00 target price on shares of J M Smucker and gave the stock a “hold” rating in a research note on Friday, November 17th. Finally, Susquehanna Bancshares raised shares of J M Smucker from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $110.00 to $127.00 in a research note on Monday, November 13th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $124.73.
J M Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, November 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the firm earned $2.05 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. sell-side analysts predict that J M Smucker will post 7.79 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were issued a dividend of $0.78 per share. The ex-dividend date was Thursday, November 9th. This represents a $3.12 annualized dividend and a dividend yield of 2.63%. J M Smucker’s dividend payout ratio is presently 63.03%.
In related news, Director Gary A. Oatey purchased 1,000 shares of J M Smucker stock in a transaction dated Monday, September 11th. The shares were acquired at an average price of $107.30 per share, for a total transaction of $107,300.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is owned by insiders.
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About J M Smucker
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.
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