Stocks of The J. M. Smucker Company (NYSE:SJM) traded higher last session on Wall Street, down -1.37% to $129.86.
According to the data, The J. M. Smucker Company (NYSE:SJM) has 16 analysts covering its stock. 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 $131.00, we find $143.00. Given the previous closing price of $131.66, this indicates a potential upside of 8.61 percent. SJM stock price is now -11.28% away from the 50-day moving average and -14.09% away from the 200-day moving average. The market capitalization of the company currently stands at $13.15B.
A total of 10 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $147.09 as their price target over the next twelve months.
With the price target maintained at $154, Consumer Edge Research recently Upgraded its rating from Underweight to Equal Weight for The J. M. Smucker Company (NYSE: SJM).
In other news, Held Amy C, Chief Transformation Officer sold 9,917 shares of the company’s stock on Aug 31. The stock was sold for $1,426,065 at an average price of $143.80. Upon completion of the transaction, the Chief Transformation Officer now directly owns 5,972 shares in the company, valued at $0.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22, Director AMIN TARANG sold 7 shares of the business’s stock. A total of $975 was realized by selling the stock at an average price of $139.32. Insiders disposed of 1,266,674 shares of company stock worth roughly $164.49 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 KEHRS RIDGE CAPITAL,LLC during the first quarter worth $12,986,000. LANDSCAPE CAPITAL MANAGEMENT, L.L.C. invested $9,297,000 in shares of SJM during the first quarter. In the first quarter, MAVERICK CAPITAL LTD acquired a new stake in The J. M. Smucker Company valued at approximately $2,251,000. MOUNT LUCAS MANAGEMENT LP acquired a new stake in SJM for approximately $2,219,000. NATIXIS purchased a new stake in SJM valued at around $2,066,000 in the second quarter. In total, there are 1,290 active investors with 82.70% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $132.01 for The J. M. Smucker Company (NYSE: SJM). During the past 12 months, The J. M. Smucker Company has had a low of $129.00 and a high of $163.07. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 1.30, and a quick ratio of 0.70. The fifty day moving average price for SJM is $146.02 and a two-hundred day moving average price translates $151.06 for the stock.
The latest earnings results from The J. M. Smucker Company (NYSE: SJM) was released for Jul, 2023. According to the Packaged Foods Company, earnings per share came in at $2.21, beating analysts’ expectations of $2.04 by 0.17. This compares to $1.03 EPS in the same period last year. The net profit margin was -0.20% and return on equity was -0.20% for SJM. The company reported revenue of $1.81 billion for the quarter, compared to $1.87 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.62 percent. For the current quarter, analysts expect SJM to generate $1.94B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/01/2023. Investors who held shares on 08/18/2023 were paid a $1.06 dividend. On an annualized basis, this represents a $4.24 dividend and a 3.27% percent yield. There was an ex-dividend date of 08/17/2023 for this dividend.
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, toppings, and syrups; jelly products; nut mix products; shortening and oils; 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, Milk-Bone, Pup-Peroni, Canine Carry Outs, 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.
