J.M. Smucker Company (The) (NYSE:SJM) Upgraded by BidaskClub to Sell

J.M. Smucker Company (The) (NYSE:SJM) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also recently commented on SJM. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $132.00 price target (down from $135.00) on shares of J.M. Smucker Company (The) in a research report on Tuesday, April 25th. Jefferies Group LLC reissued a “hold” rating and set a $130.00 price target on shares of J.M. Smucker Company (The) in a research report on Wednesday, April 26th. Zacks Investment Research cut shares of J.M. Smucker Company (The) from a “hold” rating to a “sell” rating in a research report on Monday, May 8th. Citigroup Inc. cut their price target on shares of J.M. Smucker Company (The) from $161.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, May 9th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $126.00 price target (down from $138.00) on shares of J.M. Smucker Company (The) in a research report on Friday, May 19th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $132.82.

J.M. Smucker Company (NYSE SJM) opened at 122.28 on Friday. J.M. Smucker Company has a 52-week low of $114.31 and a 52-week high of $156.23. The firm has a market capitalization of $13.87 billion, a P/E ratio of 23.98 and a beta of 0.62. The firm’s 50-day moving average is $119.21 and its 200 day moving average is $128.65.

J.M. Smucker Company (The) (NYSE:SJM) last posted its quarterly earnings data on Thursday, June 8th. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.72 by $0.08. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations 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 firm’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 EPS. Equities analysts anticipate that J.M. Smucker Company will post $7.97 EPS for the current year.

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In other news, Director Sandra Pianalto bought 250 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were bought at an average cost of $120.61 per share, with a total value of $30,152.50. Following the acquisition, the director now owns 250 shares in the company, valued at $30,152.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Oakland sold 6,047 shares of the company’s 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 completion of the sale, the insider now directly owns 47,667 shares in the company, valued at $5,815,374. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,030 shares of company stock worth $1,948,195. 3.50% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. Professional Advisory Services Inc. purchased a new stake in shares of J.M. Smucker Company (The) during the first quarter worth about $8,610,000. Middleton & Co Inc MA purchased a new stake in shares of J.M. Smucker Company (The) during the first quarter worth about $553,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of J.M. Smucker Company (The) during the first quarter worth about $253,000. Nisa Investment Advisors LLC boosted its stake in shares of J.M. Smucker Company (The) by 2.7% in the first quarter. Nisa Investment Advisors LLC now owns 17,496 shares of the company’s stock worth $2,293,000 after buying an additional 455 shares during the last quarter. Finally, Boston Advisors LLC boosted its stake in shares of J.M. Smucker Company (The) by 2.9% in the first quarter. Boston Advisors LLC now owns 2,172 shares of the company’s stock worth $285,000 after buying an additional 62 shares during the last quarter. 75.47% of the stock is currently owned by institutional investors.

J.M. Smucker Company (The) Company Profile

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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