J M Smucker Co (NYSE:SJM) – Stock analysts at William Blair lifted their Q3 2020 earnings per share (EPS) estimates for shares of J M Smucker in a research note issued to investors on Wednesday, August 28th, Zacks Investment Research reports. William Blair analyst J. Andersen now anticipates that the company will earn $2.44 per share for the quarter, up from their prior estimate of $2.39. William Blair also issued estimates for J M Smucker’s Q4 2020 earnings at $2.22 EPS, FY2020 earnings at $8.40 EPS and FY2021 earnings at $8.70 EPS.
Several other brokerages also recently weighed in on SJM. Credit Suisse Group decreased their price target on J M Smucker from $120.00 to $114.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Stifel Nicolaus decreased their price target on J M Smucker from $120.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, August 28th. Wells Fargo & Co reiterated a “market perform” rating and issued a $107.00 price objective (down previously from $114.00) on shares of J M Smucker in a research report on Wednesday, August 28th. Guggenheim cut their price objective on J M Smucker from $99.00 to $93.00 and set a “sell” rating for the company in a research report on Wednesday, August 28th. Finally, Citigroup cut their price objective on J M Smucker from $142.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Three 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’s stock. The company has a consensus rating of “Hold” and a consensus target price of $116.70.
Shares of NYSE SJM opened at $106.51 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.70 and a quick ratio of 0.26. The stock has a fifty day moving average price of $110.40 and a 200 day moving average price of $115.91. J M Smucker has a 1-year low of $91.32 and a 1-year high of $128.43. The company has a market cap of $12.17 billion, a PE ratio of 12.85, a P/E/G ratio of 3.42 and a beta of 0.43.
J M Smucker (NYSE:SJM) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business earned $1.78 earnings per share. J M Smucker’s revenue for the quarter was down 6.5% compared to the same quarter last year.
Several hedge funds have recently made changes to their positions in SJM. Resources Investment Advisors Inc. increased its position in shares of J M Smucker by 10,650.0% in the first quarter. Resources Investment Advisors Inc. now owns 215 shares of the company’s stock valued at $25,000 after buying an additional 213 shares in the last quarter. Guinness Asset Management Ltd increased its position in J M Smucker by 52.7% during the 2nd quarter. Guinness Asset Management Ltd now owns 258 shares of the company’s stock worth $30,000 after purchasing an additional 89 shares in the last quarter. Zions Bancorporation N.A. purchased a new stake in J M Smucker during the 1st quarter worth about $31,000. Whitener Capital Management Inc. increased its position in J M Smucker by 52.4% during the 2nd quarter. Whitener Capital Management Inc. now owns 291 shares of the company’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Finally, Alera Investment Advisors LLC purchased a new stake in J M Smucker during the 1st quarter worth about $35,000. Institutional investors and hedge funds own 77.41% of the company’s stock.
In other news, SVP Geoff E. Tanner purchased 1,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was acquired at an average price of $103.42 per share, for a total transaction of $103,420.00. Following the completion of the transaction, the senior vice president now directly owns 14,063 shares in the company, valued at approximately $1,454,395.46. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joseph Stanziano sold 319 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $119.20, for a total value of $38,024.80. Following the completion of the transaction, the insider now owns 14,857 shares of the company’s stock, valued at approximately $1,770,954.40. The disclosure for this sale can be found here. Insiders sold 4,019 shares of company stock valued at $457,363 in the last quarter. 3.70% of the stock is currently owned by company insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were given a $0.88 dividend. This is a boost from J M Smucker’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.52 annualized dividend and a yield of 3.30%. J M Smucker’s dividend payout ratio is presently 42.46%.
J M Smucker Company Profile
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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