Brokers Change Their Target Price On JM Smucker Company (The) (NYSE:SJM)

Cornelia Mascio
Августа 13, 2017

Manning & Napier Advisors LLC increased its position in J.M. Smucker Company (The) (NYSE:SJM) by 42.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. Following the completion of the acquisition, the director now directly owns 250 shares in the company, valued at approximately $30,152.50. Moller Financial Services' holdings in J.M. Smucker Company (The) were worth $210,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Sei Investments Co. increased its position in shares of J.M. Smucker Company (The) by 31.2% in the second quarter. Schmidt P J Investment Management Inc. now owns 2,411 shares of the company's stock worth $316,000 after buying an additional 13 shares in the last quarter.

J.M. Smucker Company (The) (NYSE:SJM) last released its quarterly earnings results on Thursday, June 8th. Gateway Investment Advisers LLC now owns 7,168 shares of the company's stock valued at $848,000 after buying an additional 26 shares during the period. Boston Advisors LLC boosted its stake in shares of J.M. Smucker Company (The) by 2.9% in the first quarter. Cleararc Capital Inc. now owns 2,849 shares of the company's stock valued at $373,000 after buying an additional 11 shares during the last quarter. Somerset Trust Co increased its stake in J.M. Smucker Company (The) by 1.9% in the first quarter. Somerset Trust Co now owns 10,824 shares of the company's stock worth $1,418,000 after buying an additional 207 shares during the period. Finally, Americafirst Capital Management LLC increased its stake in J.M. Smucker Company (The) by 51.9% in the first quarter.

The stock decreased 3.97% or $0.47 during the last trading session, reaching $11.38.

J.M. Smucker Company (NYSE:SJM) opened at 122.28 on Friday. The stock has moved north 0.67% over the past week of trading. Davy Asset Management Limited owns 0.35% invested in J M Smucker Co (NYSE:SJM) for 12,980 shares. The stock has a 50 day moving average price of $119.21 and a 200 day moving average price of $128.65. The company has a market cap of $13.87 billion, a P/E ratio of 23.98 and a beta of 0.62. During the same quarter in the previous year, the business earned $1.19 EPS. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. During the same quarter in the previous year, the firm posted $1.19 earnings per share. In the latest earnings report the EPS was $5.10 and is estimated to be $7.97 for the current year with 113,436,000 shares presently outstanding.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. This represents a $3.12 annualized dividend and a yield of 2.55%. State Of Tennessee Treasury Department has invested 0.2% in J M Smucker Co (NYSE:SJM). The ex-dividend date will be Wednesday the 9th of August 2017.

07/03/2017 - J.M. Smucker Company (The) had its "neutral" rating reiterated by analysts at Credit Suisse.

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A number of equities analysts have commented on SJM shares. Susquehanna Bancshares Inc set a $141.00 target price on shares of J.M. Smucker Company (The) and gave the stock a "hold" rating in a research report on Wednesday, June 7th. Jefferies Group LLC restated a "hold" rating and set a $130.00 price objective on shares of J.M. Smucker Company (The) in a research note on Wednesday, April 26th. Lastly, Citigroup reduced their target price on the stock of J.M. Smucker Company (The) from $161.00 to $155.00 and fixed a "buy" recommendation for The corporation in a study report on early Tue, May 9th.

On July 11 the company was upgraded from " to "Long-Term Buy" in a report from Hilliard Lyons. The stock now has a consensus rating of "Hold" and an average target price of $132.82.

In other news, SVP Jill R. Penrose sold 550 shares of the firm's stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $122.00, for a total transaction of $737,734.00. Following the transaction, the insider now owns 40,966 shares of the company's stock, valued at approximately $4,969,995.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sandra Pianalto acquired 250 shares of J.M. Smucker Company (The) stock in a transaction dated Tuesday, June 27th. The total value of its holdings increased 216.9%. Insiders sold a total of 16,030 shares of company stock valued at $1,948,195 over the last three months.

Since February 24, 2017, it had 1 insider purchase, and 1 insider sale for $301,725 activity. DnB Asset Management AS now owns 17,585 shares of the company's stock worth $2,305,000 after buying an additional 3,200 shares during the period.

The Company's US retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

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