J.M. Smucker Co. (NYSE:SJM)‘s stock had its “focus list” rating reaffirmed by analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday.
SJM has been the subject of several other reports. Citigroup Inc. restated a “buy” rating on shares of J.M. Smucker in a report on Thursday, August 25th. Credit Suisse Group AG restated a “buy” rating and issued a $158.00 target price on shares of J.M. Smucker in a report on Wednesday, August 24th. Hilliard Lyons upgraded J.M. Smucker from an “underperform” rating to a “neutral” rating in a report on Thursday, September 22nd. Zacks Investment Research lowered J.M. Smucker from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Jefferies Group lowered J.M. Smucker from a “buy” rating to a “hold” rating and upped their price target for the company from $140.00 to $143.00 in a research note on Friday, June 10th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. J.M. Smucker has a consensus rating of “Hold” and a consensus price target of $146.80.
Shares of J.M. Smucker (NYSE:SJM) traded down 0.64% during trading on Tuesday, hitting $134.52. The stock had a trading volume of 190,327 shares. The company’s 50 day moving average price is $140.92 and its 200 day moving average price is $139.15. J.M. Smucker has a 12 month low of $111.01 and a 12 month high of $157.31. The stock has a market cap of $15.66 billion, a price-to-earnings ratio of 22.12 and a beta of 0.53.
J.M. Smucker (NYSE:SJM) last issued its earnings results on Tuesday, August 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.12. The company earned $1.82 billion during the quarter. J.M. Smucker had a return on equity of 11.76% and a net margin of 9.41%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.32 earnings per share. Equities research analysts expect that J.M. Smucker will post $7.68 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in J.M. Smucker by 3.4% in the second quarter. Vanguard Group Inc. now owns 11,223,633 shares of the company’s stock worth $1,710,593,000 after buying an additional 366,506 shares in the last quarter. State Street Corp raised its stake in J.M. Smucker by 4.4% in the first quarter. State Street Corp now owns 5,218,584 shares of the company’s stock worth $677,598,000 after buying an additional 222,029 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in J.M. Smucker by 104.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,532,054 shares of the company’s stock worth $538,319,000 after buying an additional 1,806,455 shares in the last quarter. Fundsmith LLP raised its stake in J.M. Smucker by 68.3% in the second quarter. Fundsmith LLP now owns 3,450,789 shares of the company’s stock worth $525,935,000 after buying an additional 1,399,810 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in J.M. Smucker by 0.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,184,842 shares of the company’s stock worth $485,402,000 after buying an additional 29,033 shares in the last quarter. 75.66% of the stock is currently owned by institutional investors.
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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