J.M. Smucker Company (The) (SJM) Given “Hold” Rating at Deutsche Bank AG

J.M. Smucker Company (The) (NYSE:SJM)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank AG in a research report issued on Thursday, July 13th. They currently have a $131.00 price objective on the stock, down from their prior price objective of $135.00. Deutsche Bank AG’s target price points to a potential upside of 7.13% from the company’s previous close.

SJM has been the subject of a number of other research reports. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $128.00 target price (down previously from $132.00) on shares of J.M. Smucker Company (The) in a research note on Wednesday, May 31st. Jefferies Group LLC reissued a “hold” rating and set a $130.00 target price on shares of J.M. Smucker Company (The) in a research note on Wednesday, April 26th. Sanford C. Bernstein downgraded shares of J.M. Smucker Company (The) 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 research note on Tuesday, March 21st. Zacks Investment Research downgraded shares of J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, May 8th. Finally, Credit Suisse Group restated a “hold” rating and issued a $126.00 price target on shares of J.M. Smucker Company (The) in a report on Thursday, June 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $132.82.

J.M. Smucker Company (NYSE:SJM) traded up 0.46% during midday trading on Thursday, reaching $122.28. The company’s stock had a trading volume of 448,769 shares. J.M. Smucker Company has a 52 week low of $114.31 and a 52 week high of $156.23. The firm has a 50 day moving average price of $119.18 and a 200-day moving average price of $128.73. The firm has a market cap of $13.87 billion, a P/E ratio of 23.98 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings results on Thursday, June 8th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.08. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.77 billion. J.M. Smucker Company (The) had a net margin of 8.01% and a return on equity of 12.63%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 earnings per share. On average, analysts forecast that J.M. Smucker Company will post $7.97 earnings per share for the current fiscal year.

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In other J.M. Smucker Company (The) news, Director Sandra Pianalto acquired 250 shares of J.M. Smucker Company (The) stock in a transaction dated Tuesday, June 27th. The stock was purchased at an average cost of $120.61 per share, for a total transaction of $30,152.50. Following the completion of the acquisition, the director now directly owns 250 shares of the company’s stock, valued at $30,152.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Steven Oakland sold 6,047 shares of J.M. Smucker Company (The) stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $122.00, for a total transaction of $737,734.00. Following the transaction, the insider now owns 47,667 shares of the company’s stock, valued at $5,815,374. The disclosure for this sale can be found here. Insiders have sold 16,030 shares of company stock valued at $1,948,195 over the last quarter. Corporate insiders own 3.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its position in J.M. Smucker Company (The) by 5.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 4,331 shares of the company’s stock valued at $555,000 after buying an additional 220 shares during the period. Numeric Investors LLC boosted its position in J.M. Smucker Company (The) by 48.9% in the fourth quarter. Numeric Investors LLC now owns 6,700 shares of the company’s stock valued at $858,000 after buying an additional 2,200 shares during the period. Quadrature Capital Ltd purchased a new position in J.M. Smucker Company (The) during the fourth quarter valued at $726,000. Perigon Wealth Management LLC purchased a new position in J.M. Smucker Company (The) during the fourth quarter valued at $281,000. Finally, Kentucky Retirement Systems purchased a new position in J.M. Smucker Company (The) during the fourth quarter valued at $1,082,000. Institutional investors and hedge funds own 75.47% of the company’s stock.

About J.M. Smucker Company (The)

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.

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