J M Smucker (NYSE:SJM) Upgraded by ValuEngine to “Sell”

J M Smucker (NYSE:SJM) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Thursday, ValuEngine reports.

Other research analysts also recently issued research reports about the stock. Credit Suisse Group cut their price objective on shares of J M Smucker from $120.00 to $114.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. TheStreet cut shares of J M Smucker from a “b-” rating to a “c+” rating in a research note on Tuesday, August 6th. Wells Fargo & Co reiterated a “market perform” rating and issued a $107.00 target price (down from $114.00) on shares of J M Smucker in a research note on Wednesday, August 28th. Citigroup lowered their target price on shares of J M Smucker from $142.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Guggenheim lowered their target price on shares of J M Smucker from $99.00 to $93.00 and set a “sell” rating for the company in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. J M Smucker presently has an average rating of “Hold” and an average target price of $116.70.

Shares of J M Smucker stock traded up $0.74 on Thursday, reaching $107.02. The stock had a trading volume of 431,000 shares, compared to its average volume of 942,505. The company has a 50 day moving average price of $107.54 and a 200 day moving average price of $116.29. The company has a quick ratio of 0.26, a current ratio of 0.70 and a debt-to-equity ratio of 0.60. J M Smucker has a 1 year low of $91.32 and a 1 year high of $128.43. The stock has a market capitalization of $12.24 billion, a P/E ratio of 12.91, a P/E/G ratio of 3.46 and a beta of 0.43.

J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.17). J M Smucker had a return on equity of 11.49% and a net margin of 6.95%. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the firm earned $1.78 EPS. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. On average, analysts forecast that J M Smucker will post 8.37 earnings per share for the current fiscal year.

In related news, CFO Mark R. Belgya sold 750 shares of J M Smucker stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $110.00, for a total value of $82,500.00. Following the completion of the sale, the chief financial officer now directly owns 53,442 shares in the company, valued at approximately $5,878,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark T. Smucker sold 2,200 shares of J M Smucker stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $113.28, for a total transaction of $249,216.00. Following the completion of the sale, the chief executive officer now owns 140,975 shares of the company’s stock, valued at $15,969,648. The disclosure for this sale can be found here. Insiders sold a total of 4,937 shares of company stock valued at $554,775 over the last quarter. 3.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Guinness Asset Management Ltd lifted its stake in J M Smucker by 52.7% during the 2nd quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock valued at $30,000 after acquiring an additional 89 shares during the period. Whitener Capital Management Inc. lifted its stake in J M Smucker by 52.4% during the 2nd quarter. Whitener Capital Management Inc. now owns 291 shares of the company’s stock valued at $33,000 after acquiring an additional 100 shares during the period. Alera Investment Advisors LLC acquired a new stake in J M Smucker during the 1st quarter valued at approximately $35,000. Stonebridge Capital Advisors LLC acquired a new stake in J M Smucker during the 2nd quarter valued at approximately $37,000. Finally, Perkins Coie Trust Co acquired a new stake in J M Smucker during the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 77.39% of the company’s stock.

About J M Smucker

The J. M. Smucker Co engages in the manufacture and marketing of branded food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes the domestic sales of Folgers, Dunkin Donuts, and Cafe Bustelo branded coffee.

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Analyst Recommendations for J M Smucker (NYSE:SJM)

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