The J. M. Smucker Company (NYSE:SJM) shares traded -3.40% lower at $150.18 on Wall Street last session.
In accordance with the data, 18 analysts cover The J. M. Smucker Company (NYSE:SJM). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $170.00 and a low of $123.00, we find $155.00. Given the previous closing price of $155.47, this indicates a potential downside of -0.3 percent. SJM stock price is now -2.03% away from the 50-day moving average and 6.92% away from the 200-day moving average. The market capitalization of the company currently stands at $16.11B.
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It has been rated a hold by 12 analysts and a buy by 1. Brokers who have rated the stock have averaged $150.23 as their price target over the next twelve months.
With the price target maintained at $158, Morgan Stanley recently Upgraded its rating from Underweight to Equal-Weight for The J. M. Smucker Company (NYSE: SJM). On November 15, 2022, Exane BNP Paribas recently initiated its ‘Underperform’ rating on the stock quoting a target price of $138, while ‘BofA Securities’ rates the stock as ‘Buy’.
In other news, Penrose Jill R, Chief People & Admin Officer sold 4,543 shares of the company’s stock on Sep 07. The stock was sold for $639,791 at an average price of $140.83. Upon completion of the transaction, the Chief People & Admin Officer now directly owns 9,106 shares in the company, valued at $1.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26, Chair of Board, Pres & CEO SMUCKER MARK T sold 10,000 shares of the business’s stock. A total of $1,430,200 was realized by selling the stock at an average price of $143.02. This leaves the insider owning 86,649 shares of the company worth $13.01 million. Insiders disposed of 666,430 shares of company stock worth roughly $100.08 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SJM stock. A new stake in The J. M. Smucker Company shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $45,873,000. MANE GLOBAL CAPITAL MANAGEMENT LP invested $21,700,000 in shares of SJM during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in The J. M. Smucker Company valued at approximately $19,292,000. HRT FINANCIAL LP acquired a new stake in SJM for approximately $16,852,000. KEHRS RIDGE CAPITAL,LLC purchased a new stake in SJM valued at around $15,018,000 in the second quarter. In total, there are 1,197 active investors with 82.70% ownership of the company’s stock.
The J. M. Smucker Company (NYSE: SJM) opened at $155.46 on Wednesday. During the past 12 months, The J. M. Smucker Company has had a low of $119.82 and a high of $163.07. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.10, and a quick ratio of 0.40. The fifty day moving average price for SJM is $153.29 and a two-hundred day moving average price translates $140.46 for the stock.
The latest earnings results from The J. M. Smucker Company (NYSE: SJM) was released for Jul, 2022. According to the Packaged Foods Company, earnings per share came in at $1.67, beating analysts’ expectations of $1.27 by 0.4. This compares to $1.91 EPS in the same period last year. The net profit margin was 7.00% and return on equity was 7.00% for SJM. The company reported revenue of $2.21 billion for the quarter, compared to $2.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.57 percent. For the current quarter, analysts expect SJM to generate $2.17B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/01/2022. Investors who held shares on 11/11/2022 were paid a $1.02 dividend. On an annualized basis, this represents a $4.08 dividend and a 2.72% percent yield. There was an ex-dividend date of 11/09/2022 for this dividend. In terms of dividend payout ratio, SJM is presently at 74.70%.
The J. M. Smucker Company(SJM) Company Profile
The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, shortening and oils, and frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients. It provides its products under the Meow Mix, 9Lives, Kibbles n Bits, Milk-Bone, Pup-Peroni, Rachael Ray Nutrish and Nature’s Recipe, Folgers, Café Bustelo, Dunkin’, Folgers, Café Bustelo, 1850, Jif, Smucker’s, Smucker’s Uncrustables, Robin Hood, and Five Roses. The company sells its products through direct sales and brokers to food retailers, club stores, discount and dollar stores, online retailers, pet specialty stores, natural foods stores and distributors, drug stores, military commissaries, and mass merchandisers. Smucker Company was founded in 1897 and is headquartered in Orrville, Ohio.
