News stories about J M Smucker (NYSE:SJM) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. J M Smucker earned a news impact score of 0.17 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.691896044764 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- J.M. Smucker recalls some canned dog food that may contain drug (rssfeeds.usatoday.com)
- JM Smucker raises 2018 guidance thanks to US tax reforms; 5,000 workers set for sweet bonus (proactiveinvestors.co.uk)
- The JM Smucker Company (SJM) Stock Swings on Active volume Analysis – Investing News Update (investingbizz.com)
- Big Food Faces Pressure as Consumers Seek Fresh Meals, Snacks … – Wall Street Journal (wsj.com)
- The JM Smucker Company (NYSE:SJM) Heffx Trading Review – Live Trading News (livetradingnews.com)
A number of research analysts recently issued reports on SJM shares. Susquehanna Bancshares set a $148.00 target price on shares of J M Smucker and gave the company a “buy” rating in a research report on Monday, February 12th. Jefferies Group reiterated a “buy” rating and set a $135.00 target price on shares of J M Smucker in a research report on Friday. Credit Suisse Group set a $120.00 target price on shares of J M Smucker and gave the company a “hold” rating in a research report on Wednesday, January 10th. Wells Fargo & Co set a $128.00 target price on shares of J M Smucker and gave the company a “hold” rating in a research report on Thursday, January 4th. Finally, Stifel Nicolaus boosted their target price on shares of J M Smucker from $109.00 to $113.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $127.58.
J M Smucker (NYSE:SJM) last released its quarterly earnings data on Friday, February 16th. The company reported $2.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.34. J M Smucker had a net margin of 7.72% and a return on equity of 11.98%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. analysts anticipate that J M Smucker will post 8.25 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 9th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $3.12 annualized dividend and a yield of 2.51%. J M Smucker’s payout ratio is 28.08%.
In other J M Smucker news, insider David J. Lemmon sold 1,205 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $124.54, for a total transaction of $150,070.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $124.36, for a total transaction of $198,976.00. Following the transaction, the senior vice president now owns 23,452 shares in the company, valued at approximately $2,916,490.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,610 shares of company stock worth $698,093. Corporate insiders own 3.50% of the company’s stock.
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J M Smucker 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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