J M Smucker Co (NYSE:SJM) – Jefferies Financial Group issued their Q1 2022 EPS estimates for shares of J M Smucker in a research report issued on Wednesday, January 22nd. Jefferies Financial Group analyst R. Dickerson forecasts that the company will post earnings per share of $1.72 for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $109.00 target price on the stock. Jefferies Financial Group also issued estimates for J M Smucker’s Q2 2022 earnings at $2.30 EPS.
Other research analysts have also issued reports about the stock. ValuEngine upgraded shares of J M Smucker from a “sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Credit Suisse Group lowered J M Smucker from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $100.00 to $95.00 in a report on Wednesday, November 13th. Wells Fargo & Co restated a “hold” rating on shares of J M Smucker in a research report on Monday, December 9th. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating and set a $110.00 price objective for the company in a research note on Friday, November 15th. Finally, Deutsche Bank assumed coverage on J M Smucker in a research note on Wednesday, December 11th. They issued a “hold” rating and a $108.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $110.60.
J M Smucker (NYSE:SJM) last issued its earnings results on Friday, November 22nd. The company reported $2.26 EPS for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.13. J M Smucker had a net margin of 7.30% and a return on equity of 11.60%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm earned $2.17 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 14th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, February 13th. J M Smucker’s payout ratio is 42.46%.
In other news, CFO Mark R. Belgya sold 750 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $110.00, for a total transaction of $82,500.00. Following the transaction, the chief financial officer now directly owns 52,692 shares of the company’s stock, valued at approximately $5,796,120. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jill R. Penrose sold 1,098 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $102.92, for a total transaction of $113,006.16. Following the completion of the sale, the insider now owns 20,708 shares of the company’s stock, valued at approximately $2,131,267.36. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. Sage Capital Advisors llc boosted its stake in shares of J M Smucker by 0.7% in the 4th quarter. Sage Capital Advisors llc now owns 13,207 shares of the company’s stock valued at $1,375,000 after purchasing an additional 98 shares during the last quarter. First Dallas Securities Inc. increased its holdings in shares of J M Smucker by 3.3% during the second quarter. First Dallas Securities Inc. now owns 3,165 shares of the company’s stock valued at $365,000 after acquiring an additional 100 shares in the last quarter. D.B. Root & Company LLC raised its holdings in shares of J M Smucker by 3.4% in the 3rd quarter. D.B. Root & Company LLC now owns 3,027 shares of the company’s stock worth $333,000 after acquiring an additional 100 shares during the last quarter. Lowe Brockenbrough & Co. Inc. boosted its position in J M Smucker by 0.5% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 18,973 shares of the company’s stock worth $2,087,000 after purchasing an additional 101 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its position in J M Smucker by 2.0% in the third quarter. Eqis Capital Management Inc. now owns 5,670 shares of the company’s stock worth $624,000 after acquiring an additional 110 shares during the period. 78.22% of the stock is currently owned by institutional investors.
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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