Barclays Cuts J. M. Smucker (NYSE:SJM) Price Target to $105.00

J. M. Smucker (NYSE:SJM) had its price target decreased by Barclays from $119.00 to $105.00 in a report published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities research analysts also recently commented on SJM. DA Davidson cut their price objective on J. M. Smucker from $122.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Stifel Nicolaus set a $120.00 price objective on J. M. Smucker in a report on Tuesday. Jefferies Financial Group raised J. M. Smucker from a “hold” rating to a “buy” rating and cut their price objective for the company from $118.00 to $115.00 in a report on Wednesday. Bank of America cut their price target on J. M. Smucker from $118.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company cut their price target on J. M. Smucker from $135.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $115.80.

J. M. Smucker Trading Down 1.7%

NYSE SJM opened at $95.73 on Wednesday. The company has a market cap of $10.19 billion, a PE ratio of 19.38, a PEG ratio of 3.91 and a beta of 0.35. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. J. M. Smucker has a 12 month low of $93.93 and a 12 month high of $125.42. The stock has a 50 day moving average of $112.29 and a 200-day moving average of $110.71.

J. M. Smucker (NYSE:SJM) last released its quarterly earnings data on Tuesday, June 10th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.25 by $0.06. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.18 billion. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.66 EPS. On average, equities research analysts anticipate that J. M. Smucker will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.51%. The ex-dividend date was Friday, May 16th. J. M. Smucker’s dividend payout ratio is -37.37%.

Insider Buying and Selling at J. M. Smucker

In other news, Director Tarang Amin acquired 1,050 shares of the stock in a transaction on Thursday, June 12th. The shares were purchased at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the transaction, the director now directly owns 3,825 shares of the company’s stock, valued at approximately $367,544.25. This represents a 37.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill R. Penrose sold 5,117 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $116.26, for a total value of $594,902.42. Following the transaction, the insider now owns 8,794 shares in the company, valued at $1,022,390.44. The trade was a 36.78% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SJM. Capital Advisors Ltd. LLC increased its position in J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock worth $25,000 after buying an additional 151 shares during the period. Tortoise Investment Management LLC increased its position in J. M. Smucker by 87.0% during the 1st quarter. Tortoise Investment Management LLC now owns 215 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new position in J. M. Smucker during the 4th quarter worth $27,000. Kentucky Trust Co bought a new position in J. M. Smucker during the 4th quarter worth $28,000. Finally, Minot DeBlois Advisors LLC bought a new position in J. M. Smucker during the 4th quarter worth $28,000. Institutional investors own 81.66% of the company’s stock.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.