J. M. Smucker (NYSE:SJM) Sets New 12-Month Low – Here’s What Happened

The J. M. Smucker Company (NYSE:SJM)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $98.77 and last traded at $100.32, with a volume of 223850 shares. The stock had previously closed at $102.03.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SJM. TD Cowen downgraded shares of J. M. Smucker from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $130.00 to $121.00 in a research report on Wednesday, January 8th. Stifel Nicolaus reduced their price target on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Barclays decreased their price target on shares of J. M. Smucker from $126.00 to $123.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company increased their price target on shares of J. M. Smucker from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $126.78.

J. M. Smucker Price Performance

The company has a market cap of $11.43 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 3.23 and a beta of 0.27. The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The company’s 50 day moving average price is $106.45 and its 200 day moving average price is $113.59.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.51 by $0.25. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the business earned $2.59 EPS. The business’s revenue was up 17.2% on a year-over-year basis. Equities research analysts forecast that The J. M. Smucker Company will post 9.89 earnings per share for the current year.

J. M. Smucker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $1.08 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.02%. J. M. Smucker’s dividend payout ratio is presently 87.45%.

Insider Activity

In other news, CFO Tucker H. Marshall sold 994 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $113.00, for a total value of $112,322.00. Following the completion of the transaction, the chief financial officer now owns 18,734 shares in the company, valued at $2,116,942. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On J. M. Smucker

Large investors have recently made changes to their positions in the stock. Capital Advisors Ltd. LLC increased its holdings in J. M. Smucker by 188.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 231 shares of the company’s stock valued at $25,000 after acquiring an additional 151 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in J. M. Smucker during the 4th quarter valued at about $27,000. Kentucky Trust Co purchased a new position in J. M. Smucker during the 4th quarter valued at about $28,000. Minot DeBlois Advisors LLC purchased a new position in J. M. Smucker during the 4th quarter valued at about $28,000. Finally, Venturi Wealth Management LLC increased its holdings in J. M. Smucker by 1,329.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 243 shares of the company’s stock valued at $29,000 after acquiring an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

About J. M. Smucker

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.