Weekly Analysts’ Ratings Changes for J M Smucker (SJM)

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A number of firms have modified their ratings and price targets on shares of J M Smucker (NYSE: SJM) recently:

  • 5/17/2019 – J M Smucker had its price target raised by analysts at Bank of America Corp from $107.00 to $128.00. They now have a “neutral” rating on the stock.
  • 5/17/2019 – J M Smucker was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $141.00 price target on the stock. According to Zacks, “Smucker’s shares have outperformed the industry in the past three months. The company has been gaining from a strong brand position. Markedly, acquisitions have played a crucial role in strengthening the company’s brand portfolio and boosting sales. In fact, during the third quarter of fiscal 2019, net sales increased 6% year over year, mainly driven by the Ainsworth buyout and gains from the company’s growth brands. Further the company is on track with innovation, especially in the pet foods category. Apart from these, the company also remains focused on cost reduction and boosting e-commerce. On the flip side, Smucker’s performance in the third quarter was weighed down by negative impacts from the divestiture of the U.S. baking business. Moreover, lower net price realization dented performance in the U.S. Retail Coffee as well as the International and Away from Home segments.  Persistence of such headwinds are worries.”
  • 5/10/2019 – J M Smucker was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Smucker’s shares have outperformed the industry in the past three months. The company has been gaining from a strong brand position. Markedly, acquisitions have played a crucial role in strengthening the company’s brand portfolio and boosting sales. In fact, during the third quarter of fiscal 2019, net sales increased 6% year over year, mainly driven by the Ainsworth buyout and gains from the company’s growth brands. Further the company is on track with innovation, especially in the pet foods category. Apart from these, the company also remains focused on cost reduction and boosting e-commerce. On the flip side, Smucker’s performance in the third quarter was weighed down by negative impacts from the divestiture of the U.S. baking business. Moreover, lower net price realization dented performance in the U.S. Retail Coffee as well as the International and Away from Home segments.  Persistence of such headwinds are worries.”
  • 5/2/2019 – J M Smucker was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $137.00 price target on the stock. According to Zacks, “Smucker’s shares have outperformed the industry in the past three months. The company has been gaining from a strong brand position. Markedly, acquisitions have played a crucial role in strengthening the company’s brand portfolio and boosting sales. In fact, during the third quarter of fiscal 2019, net sales increased 6% year over year, mainly driven by the Ainsworth buyout and gains from the company’s growth brands. Further the company is on track with innovation, especially in the pet foods category. Apart from these, the company also remains focused on cost reduction and boosting e-commerce. On the flip side, Smucker’s performance in the third quarter was weighed down by negative impacts from the divestiture of the U.S. baking business. Moreover, lower net price realization dented performance in the U.S. Retail Coffee as well as the International and Away from Home segments.  Persistence of such headwinds are worries.”
  • 4/30/2019 – J M Smucker was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Smucker’s shares have outperformed the industry in the past three months. The company has been gaining from a strong brand position. Markedly, acquisitions have played a crucial role in strengthening the company’s brand portfolio and boosting sales. In fact, during the third quarter of fiscal 2019, net sales increased 6% year over year, mainly driven by the Ainsworth buyout and gains from the company’s growth brands. Further the company is on track with innovation, especially in the pet foods category. Apart from these, the company also remains focused on cost reduction and boosting e-commerce. On the flip side, Smucker’s performance in the third quarter was weighed down by negative impacts from the divestiture of the U.S. baking business. Moreover, lower net price realization dented performance in the U.S. Retail Coffee as well as the International and Away from Home segments.  Persistence of such headwinds are worries.”
  • 4/18/2019 – J M Smucker was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $117.00 price target on the stock, up previously from $104.00.
  • 4/8/2019 – J M Smucker was upgraded by analysts at Credit Suisse Group AG from an “underperform” rating to a “neutral” rating. They now have a $120.00 price target on the stock, up previously from $96.00.
  • 4/1/2019 – J M Smucker is now covered by analysts at Argus. They set a “hold” rating on the stock.
  • 3/27/2019 – J M Smucker was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $130.00 price target on the stock. According to Zacks, “Smucker’s shares have outperformed the industry in the past three months. The company has been gaining from a strong brand position. Markedly, acquisitions have played a crucial role in strengthening the company’s brand portfolio and boosting sales. In fact, during the third quarter of fiscal 2019, net sales increased 6% year over year, mainly driven by the Ainsworth buyout and gains from the company’s growth brands. Further the company is on track with innovation, especially in the pet foods category. Apart from these, the company also remains focused on cost reduction and boosting e-commerce. On the flip side, Smucker’s performance in the third quarter was weighed down by negative impacts from the divestiture of the U.S. baking business. Moreover, lower net price realization dented performance in the U.S. Retail Coffee as well as the International and Away from Home segments.  Persistence of such headwinds are worries.”
  • 3/21/2019 – J M Smucker was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Shares of J M Smucker stock traded up $1.16 during trading on Friday, reaching $126.90. 504,503 shares of the company were exchanged, compared to its average volume of 1,019,257. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.66. J M Smucker Co has a twelve month low of $91.32 and a twelve month high of $128.38. The stock has a market cap of $14.50 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.94 and a beta of 0.58.

J M Smucker (NYSE:SJM) last posted its earnings results on Tuesday, February 26th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.23. J M Smucker had a return on equity of 11.61% and a net margin of 8.15%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the firm earned $2.50 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Analysts expect that J M Smucker Co will post 8.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a $0.85 dividend. The ex-dividend date is Thursday, May 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.68%. J M Smucker’s dividend payout ratio (DPR) is 42.71%.

In other news, SVP Jeannette L. Knudsen sold 1,932 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $102.86, for a total value of $198,725.52. Following the sale, the senior vice president now directly owns 24,292 shares in the company, valued at $2,498,675.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.92% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund raised its stake in J M Smucker by 12,668.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,351,461 shares of the company’s stock valued at $57,000 after buying an additional 5,309,548 shares during the period. Bank of America Corp DE raised its stake in J M Smucker by 312.2% in the fourth quarter. Bank of America Corp DE now owns 4,351,714 shares of the company’s stock valued at $406,843,000 after buying an additional 3,295,923 shares during the period. LSV Asset Management grew its position in shares of J M Smucker by 51.7% in the first quarter. LSV Asset Management now owns 3,823,806 shares of the company’s stock valued at $445,473,000 after purchasing an additional 1,303,090 shares during the last quarter. Norges Bank acquired a new position in shares of J M Smucker in the fourth quarter valued at approximately $93,308,000. Finally, BlackRock Inc. grew its position in shares of J M Smucker by 7.4% in the fourth quarter. BlackRock Inc. now owns 10,239,722 shares of the company’s stock valued at $957,309,000 after purchasing an additional 708,976 shares during the last quarter. Institutional investors and hedge funds own 79.50% of the company’s stock.

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in four segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The company primarily offers coffee, pet food and pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products.

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