J. M. Smucker (NYSE:SJM) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of J. M. Smucker (NYSE:SJM) from a buy rating to a hold rating in a research note published on Sunday.

SJM has been the subject of several other reports. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research report on Wednesday, January 21st. Citigroup reiterated a “hold” rating on shares of J. M. Smucker in a report on Wednesday, November 26th. Sanford C. Bernstein increased their price target on shares of J. M. Smucker from $113.00 to $121.00 and gave the company a “market perform” rating in a research note on Friday, February 27th. TD Cowen raised their price target on shares of J. M. Smucker from $105.00 to $112.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Finally, UBS Group reduced their price target on shares of J. M. Smucker from $120.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $119.43.

J. M. Smucker Stock Down 0.0%

Shares of NYSE:SJM opened at $111.30 on Friday. J. M. Smucker has a 52-week low of $93.30 and a 52-week high of $121.48. The stock has a market cap of $11.87 billion, a P/E ratio of -9.44, a PEG ratio of 4.63 and a beta of 0.22. The business has a fifty day moving average of $105.49 and a two-hundred day moving average of $105.37. The company has a quick ratio of 0.35, a current ratio of 0.84 and a debt-to-equity ratio of 1.31.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings results on Thursday, February 26th. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.27 by $0.11. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a positive return on equity of 15.94% and a negative net margin of 14.07%.The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.61 EPS. On average, research analysts expect that J. M. Smucker will post 9.88 earnings per share for the current year.

J. M. Smucker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were given a dividend of $1.10 per share. The ex-dividend date was Friday, February 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.0%. J. M. Smucker’s dividend payout ratio (DPR) is currently -37.32%.

Hedge Funds Weigh In On J. M. Smucker

Hedge funds have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC purchased a new stake in J. M. Smucker in the fourth quarter valued at approximately $25,000. CYBER HORNET ETFs LLC acquired a new position in J. M. Smucker during the second quarter worth $27,000. Elevation Point Wealth Partners LLC purchased a new position in shares of J. M. Smucker during the second quarter worth $28,000. Root Financial Partners LLC acquired a new stake in shares of J. M. Smucker in the third quarter valued at $29,000. Finally, MCF Advisors LLC grew its stake in shares of J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after buying an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.