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

SJM has been the topic of a number of other reports. Morgan Stanley dropped their price target on shares of J.M. Smucker Company (The) from $114.00 to $108.00 and set an “underweight” rating on the stock in a research report on Friday. Zacks Investment Research upgraded shares of J.M. Smucker Company (The) from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Credit Suisse Group restated a “neutral” rating and set a $120.00 price target (down from $126.00) on shares of J.M. Smucker Company (The) in a research report on Monday, July 3rd. They noted that the move was a valuation call. Jefferies Group LLC upgraded shares of J.M. Smucker Company (The) from a “hold” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $140.00 in a research report on Friday, July 28th. Finally, Citigroup Inc. dropped their price target on shares of J.M. Smucker Company (The) from $155.00 to $133.00 and set a “buy” rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $126.73.

J.M. Smucker Company (NYSE:SJM) opened at 105.15 on Friday. J.M. Smucker Company has a 52 week low of $105.04 and a 52 week high of $143.68. The company has a 50-day moving average of $119.18 and a 200-day moving average of $127.41. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 22.09 and a beta of 0.62.

J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings results on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by $0.10. J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm posted $1.86 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Analysts anticipate that J.M. Smucker Company will post $7.86 earnings per share for the current year.

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In other J.M. Smucker Company (The) news, Director Sandra Pianalto acquired 250 shares of the stock in a transaction dated Tuesday, June 27th. The shares were bought at an average price of $120.61 per share, with a total value of $30,152.50. Following the purchase, the director now directly owns 250 shares of the company’s stock, valued at approximately $30,152.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Barry C. Dunaway sold 9,433 shares of J.M. Smucker Company (The) stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $121.32, for a total transaction of $1,144,411.56. Following the completion of the transaction, the insider now directly owns 40,966 shares in the company, valued at approximately $4,969,995.12. The disclosure for this sale can be found here. Insiders sold a total of 16,030 shares of company stock worth $1,948,195 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in J.M. Smucker Company (The) by 2,899.4% in the first quarter. BlackRock Inc. now owns 7,583,056 shares of the company’s stock valued at $993,987,000 after buying an additional 7,330,233 shares during the period. Schroder Investment Management Group increased its position in J.M. Smucker Company (The) by 7,253.2% in the second quarter. Schroder Investment Management Group now owns 1,166,740 shares of the company’s stock valued at $137,699,000 after buying an additional 1,150,873 shares during the period. FMR LLC increased its position in J.M. Smucker Company (The) by 49.4% in the first quarter. FMR LLC now owns 2,009,137 shares of the company’s stock valued at $263,357,000 after buying an additional 664,514 shares during the period. Koch Industries Inc. purchased a new position in J.M. Smucker Company (The) during the second quarter valued at $495,000. Finally, Renaissance Technologies LLC purchased a new position in J.M. Smucker Company (The) during the second quarter valued at $54,456,000. 73.54% of the stock is currently owned by institutional investors.

About J.M. Smucker Company (The)

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.

Analyst Recommendations for J.M. Smucker Company (The) (NYSE:SJM)

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