“3Q18 operating results and implied guidance is in-line with consensus (slightly below our estimate). Sales were better than expected (in line with our BSM thesis) and EBIT was better than feared in light of the increases in freight costs that the industry is experiencing. At the segment level, Coffee was a positive stand-out, while Pet results disappointed.”,” Jefferies Group’s analyst commented.
A number of other equities research analysts have also commented on the company. Zacks Investment Research upgraded J M Smucker from a sell rating to a hold rating in a research report on Wednesday, October 25th. Susquehanna Bancshares upgraded J M Smucker from a neutral rating to a positive rating and upped their price target for the company from $110.00 to $127.00 in a research report on Monday, November 13th. Morgan Stanley set a $112.00 price target on J M Smucker and gave the company a sell rating in a research report on Friday, November 17th. Credit Suisse Group set a $110.00 price target on J M Smucker and gave the company a hold rating in a research report on Friday, November 17th. Finally, UBS Group upgraded J M Smucker from a neutral rating to a positive rating in a research report on Monday, November 13th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. J M Smucker currently has a consensus rating of Hold and a consensus price target of $127.58.
Shares of J M Smucker (NYSE SJM) traded up $1.81 during mid-day trading on Friday, reaching $124.46. The company had a trading volume of 1,513,132 shares, compared to its average volume of 1,271,565. The company has a market cap of $13,932.75, a price-to-earnings ratio of 25.14, a P/E/G ratio of 2.09 and a beta of 0.65. J M Smucker has a twelve month low of $99.57 and a twelve month high of $143.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.42.
J M Smucker (NYSE:SJM) last issued its quarterly earnings data on Friday, February 16th. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.34. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. J M Smucker’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 EPS. sell-side analysts anticipate that J M Smucker will post 7.83 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Thursday, February 8th. J M Smucker’s dividend payout ratio is 63.03%.
In other news, insider David J. Lemmon sold 1,205 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $124.54, for a total value of $150,070.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jeannette L. Knudsen sold 1,600 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $124.36, for a total value of $198,976.00. Following the transaction, the senior vice president now directly owns 23,452 shares in the company, valued at $2,916,490.72. The disclosure for this sale can be found here. Insiders sold a total of 5,610 shares of company stock worth $698,093 over the last three months. 3.50% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of SJM. LSV Asset Management raised its stake in J M Smucker by 44.8% during the 4th quarter. LSV Asset Management now owns 2,081,093 shares of the company’s stock worth $258,554,000 after buying an additional 643,817 shares during the period. Bank of Montreal Can boosted its position in J M Smucker by 468.3% during the 4th quarter. Bank of Montreal Can now owns 577,433 shares of the company’s stock valued at $71,741,000 after acquiring an additional 475,823 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in J M Smucker by 68.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,067,032 shares of the company’s stock valued at $111,964,000 after acquiring an additional 432,461 shares in the last quarter. American Century Companies Inc. boosted its position in J M Smucker by 67.4% during the 3rd quarter. American Century Companies Inc. now owns 998,420 shares of the company’s stock valued at $104,764,000 after acquiring an additional 402,167 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in J M Smucker during the 4th quarter valued at approximately $45,182,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.
About J M Smucker
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.
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