J M Smucker Co (SJM) Price Target Lowered to $155.00 at Citigroup Inc

J M Smucker Co (NYSE:SJM) had its target price trimmed by Citigroup Inc from $161.00 to $155.00 in a research note published on Tuesday morning. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded J M Smucker from a sell rating to a hold rating in a report on Monday, February 27th. Jefferies Group LLC restated a hold rating and set a $130.00 target price on shares of J M Smucker in a report on Wednesday, April 26th. Sanford C. Bernstein cut J M Smucker from a market perform rating to an underperform rating and lowered their target price for the stock from $147.00 to $130.00 in a report on Tuesday, March 21st. Susquehanna Bancshares Inc restated a neutral rating and set a $132.00 target price (down from $135.00) on shares of J M Smucker in a report on Tuesday, April 25th. Finally, Deutsche Bank AG assumed coverage on J M Smucker in a report on Wednesday, February 15th. They set a hold rating and a $145.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $137.00.

Analyst Recommendations for J M Smucker (NYSE:SJM)

J M Smucker (NYSE:SJM) opened at 124.75 on Tuesday. The stock has a 50 day moving average price of $128.05 and a 200-day moving average price of $131.58. J M Smucker has a 1-year low of $122.05 and a 1-year high of $157.31. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 21.72 and a beta of 0.54.

J M Smucker (NYSE:SJM) last posted its quarterly earnings data on Friday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.00. J M Smucker had a return on equity of 12.41% and a net margin of 9.63%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the firm posted $1.62 EPS. J M Smucker’s revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts forecast that J M Smucker will post $7.63 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Friday, May 12th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.40%. J M Smucker’s payout ratio is currently 48.86%.

In other news, Director Jay L. Henderson bought 3,000 shares of the stock in a transaction that occurred on Tuesday, March 7th. The stock was purchased at an average price of $139.87 per share, for a total transaction of $419,610.00. Following the completion of the purchase, the director now owns 3,000 shares in the company, valued at approximately $419,610. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SJM. BlackRock Inc. increased its position in J M Smucker by 2,899.4% in the first quarter. BlackRock Inc. now owns 7,583,056 shares of the company’s stock valued at $993,987,000 after buying an additional 7,330,233 shares in the last quarter. Norges Bank bought a new position in J M Smucker during the fourth quarter valued at about $138,979,000. FMR LLC increased its position in J M Smucker by 49.4% in the first quarter. FMR LLC now owns 2,009,137 shares of the company’s stock valued at $263,357,000 after buying an additional 664,514 shares in the last quarter. Vanguard Group Inc. increased its position in J M Smucker by 3.7% in the first quarter. Vanguard Group Inc. now owns 11,943,550 shares of the company’s stock valued at $1,565,560,000 after buying an additional 420,604 shares in the last quarter. Finally, Seizert Capital Partners LLC bought a new position in J M Smucker during the first quarter valued at about $50,982,000. Institutional investors own 75.27% of the company’s stock.

About J M Smucker

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

5 Day Chart for NYSE:SJM

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