J M Smucker Co (NYSE:SJM) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $127.41 and last traded at $127.17, with a volume of 17796 shares trading hands. The stock had previously closed at $126.76.
A number of brokerages have recently issued reports on SJM. Zacks Investment Research lowered J M Smucker from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. ValuEngine upgraded J M Smucker from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Wells Fargo & Co increased their target price on J M Smucker from $100.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, February 25th. Credit Suisse Group upgraded J M Smucker from an “underperform” rating to a “neutral” rating and increased their target price for the company from $96.00 to $120.00 in a research report on Monday, April 8th. Finally, Citigroup increased their target price on J M Smucker from $122.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. J M Smucker presently has an average rating of “Hold” and an average price target of $116.73.
The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.44. The company has a market cap of $14.42 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.56 and a beta of 0.58.
J M Smucker (NYSE:SJM) last posted its quarterly earnings data on Tuesday, February 26th. The company reported $2.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 the consensus estimate of $1.99 billion. During the same period in the prior year, the company earned $2.50 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. As a group, research analysts anticipate that J M Smucker Co will post 8.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, May 16th. J M Smucker’s dividend payout ratio is currently 42.71%.
In related news, SVP Jeannette L. Knudsen sold 1,932 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $102.86, for a total value of $198,725.52. Following the completion of the transaction, the senior vice president now directly owns 24,292 shares of the company’s stock, valued at approximately $2,498,675.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.92% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM Advisors LLC increased its stake in shares of J M Smucker by 38.0% in the 1st quarter. CWM Advisors LLC now owns 5,459 shares of the company’s stock worth $636,000 after acquiring an additional 1,504 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of J M Smucker in the 1st quarter worth $794,000. HighTower Advisors LLC increased its stake in shares of J M Smucker by 103.8% in the 1st quarter. HighTower Advisors LLC now owns 78,669 shares of the company’s stock worth $9,123,000 after acquiring an additional 40,071 shares during the last quarter. Maverick Capital Ltd. increased its stake in shares of J M Smucker by 109.3% in the 1st quarter. Maverick Capital Ltd. now owns 71,070 shares of the company’s stock worth $8,280,000 after acquiring an additional 37,120 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC acquired a new stake in shares of J M Smucker in the 1st quarter worth $194,000. 79.50% of the stock is owned by hedge funds and other institutional investors.
J M Smucker Company Profile (NYSE:SJM)
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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